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China and The Middle East: trade and mutual advantages

So China rejects Western efforts to impose sanctions to stop the Iranian nuclear program. Beijing is the largest buyer of Iranian petroleum, accounting for 20 percent of Iran’s exports, explains author Dilip Hiro. He reviews recent history of US attempts to impose sanctions on Iran even as Chinese firms were in the midst of negotiating multiyear oil and gas deals.

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The advantage is mutual: The Middle East has great reserves of oil, and China’s foreign-policy based on non-interference in other countries’ internal affairs is popular with the region’s authoritarian regimes.

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So China rejects Western efforts to impose sanctions to stop the Iranian nuclear program. Beijing is the largest buyer of Iranian petroleum, accounting for 20 percent of Iran’s exports, explains author Dilip Hiro. He reviews recent history of US attempts to impose sanctions on Iran even as Chinese firms were in the midst of negotiating multiyear oil and gas deals.

There is consensus among a network of Chinese think tanks, Hiro reports, that “Iran is a rising power in the Middle East, gaining influence at the expense of America.” So far, trade has trumped political concerns, as China makes deals with post-revolution Libya and even Iran’s longtime opponent Saudi Arabia. Still, China could be taking a gamble by counting on consistent foreign policies from the Middle East. – YaleGlobal

via China Courts The Middle East.

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Clear skies over Asia’s new foreign investment landscape?

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Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

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Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

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On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

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Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

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China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

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