China and Iran's New Love Affair?
The Iranian nuclear agreement has been welcomed by a number of world leaders as a new chapter in foreign relations with Tehran, largely because sanctions removal will open up new trade and investment opportunities within Iran. While the majority of the P5 + 1 aimed to isolate Iran from the global economy for the last decade, China capitalized on Iran’s estrangement to secure primary positions in both the oil and non-oil sectors of Iran’s economy.
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