Monday 25 January 2016

What Xi's Iran Trip Tells Us About China's Middle East Plans - Bloomberg Business

What Xi's Iran Trip Tells Us About China's Middle East Plans - Bloomberg Business:

"Chinese President Xi Jinping covered a lot of ground in his first swing through the Middle East, announcing $55 billion in aid and giving a speech to the Arab League in which he vowed not to seek proxies, a thinly veiled jab at U.S. history in the region.
Xi’s most interesting stop was in Iran, where he planted a flag for Chinese business and cast his country as a more accommodating alternative to the West. As the first major world leader to visit Tehran since U.S. and European sanctions were lifted, Xi sought to present China’s commitment as long term, agreeing on Saturday to a pact pledging economic cooperation for the next quarter century. The two sides also signed a strategic partnership that covers military and security cooperation.
Such moves provide some of the clearest evidence yet of Xi’s willingness to revise China’s traditional policy of non-interference and use its economic clout to build geo-political influence. Besides offering a chance to lessen dependence on Saudi oil, Iran offers a potential partner in China’s efforts to challenge the international order."



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