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Chinese President Xi Jinping is welcomed by Iranian President Hassan Rouhani to the Saadabad Palace, Tehran, Iran, Jan. 23, 2016 (AP photo by Ebrahim Noroozi).

China’s Investment Boom in Iran Could Be Derailed If the U.S. Imposes New Sanctions

Monday, Dec. 11, 2017

The lifting of international economic sanctions on Iran following the 2015 nuclear agreement opened the doors to what many observers expected to be a rush of foreign investment. Yet lingering restrictions from the United States and the decision in October by the Trump administration to decertify the Iran deal have kept some European firms at bay, while China has exploited opportunities in their absence. In an email interview, Nader Habibi, the Henry J. Leir professor of economics of the Middle East at Brandeis University’s Crown Center for Middle East Studies, discusses China’s involvement in Iran before and after the nuclear agreement and the risks to Chinese investments if U.S. efforts to impose new sanctions on Iran go any further.

WPR: How invested was China in Iran’s economy prior to the nuclear agreement? ...

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