CHINA’s Ambassador to Iran, Chang Hua, expressed Beijing’s desire for closer ties with relevant political organizations and parties in the Islamic Republic after a meeting with members of Iran’s Islamic Coalition Party in Tehran earlier this week.
U.S. sanctions have limited Iran’s participation in China’s Belt and Road Initiative while America’s withdrawal from a nuclear agreement in 2018 also hindered Chinese investments.
The massive China-led infrastructure project has recorded an estimated $1 trillion worth of investments in about 150 countries since it started in 2013.
China’s Belt and Road initiative seeks to connect Asia with Africa and Europe using land and maritime networks to increase trade, enhance economic growth, and support regional integration.
The conservative Islamic Coalition Party, which holds influence among older generations, is perceived to be a critical instrument to boost political ties between China and Iran.
