by Majid Rafizadeh, GATESTONE INSTITUTE • August 8, 2020
A new secret deal with China appears to be giving Beijing significant control over Iran. The ruling mullahs are selling off the country to China, just as some African governments did. Beijing appears more than happy to make deals with dictators, ignore their human rights abuses and plunder their nations to advance its own global hegemonic ambitions. Pictured: Iranian President Hassan Rouhani (right) and Chinese President Xi Jinping meet on January 23, 2016 in Tehran, Iran. (Photo by STR/AFP via Getty Images)
- The deal is a clear win for China; the $400 billion will be invested over 25 years, which is a small amount of money for the second-largest economy in the world. China will also have full authority over Iran’s islands, gain access to Iran’s oil at a highly discounted rate and increase its influence and presence in almost every sector of Iranian industry, including telecommunications, energy, ports, railways, and banking. China, incidentally, is the world’s largest importer of oil.
- Even some of Iran’s politicians and state-owned newspapers have begun criticizing the deal. A headline in the Iranian newspaper Arman-e Melli, for example, surprisingly criticized the government: “Iran is not Kenya or Sri Lanka (to be colonized by China).”
- The ruling mullahs are selling off the country to China, just as some African governments did. Beijing appears more than happy to make deals with dictators, ignore their human rights abuses and plunder their nations to advance its own global hegemonic ambitions.
A slogan in which Iran’s ruling mullahs have taken pride since they came to power in 1979 is: “Neither East nor West.” The Iranian regime has long boasted about its independence from both Western and Eastern powers. A new secret deal with China, however, appears to be giving Beijing significant control over Iran.
The 25-year secret deal, which looks like a colonial agreement, grants China significant rights over the nation’s resources. Leaked information reveals that one of its terms is that China will be investing nearly $400 billion in Iran’s oil, gas and petrochemicals industries. In return, China will get priority to bid on any new project in Iran that is linked to these sectors. China will also receive a 12% discount and it can delay payments by up to two years. China will also be able to pay in any currency it chooses. It is also estimated that, in total, China will receive discounts of nearly 32%.
Iran is doing this deal because it is bankrupt and due to sanctions sells only a fraction of the oil and gas it used to. China will increase their revenue and sell them weapons.
This deal is threat to Israel and the Arab Gulf States among others.