Chinese companies to make larger investments in Iran: Ambassador

Chinese ambassador to Tehran says his country’s companies are prepared to make greater investments in infrastructural and economic sectors of the Islamic Republic.

Yu Hongyang told IRNA on Wednesday that the illegal moves by certain countries in imposing unilateral sanctions against Iran will not shake Beijing’s determination to invest in the country.

He added that 70 Chinese companies are currently active in various infrastructural projects in Iran.

Yu further noted that Chinese firms are offering their services to Iranians in the fields of railroads, dam construction, and drip irrigation.

The Chinese ambassador stated that the determination of the Chinese and Iranian governments and nations to expand bilateral relations has led to ever-increasing trade exchanges between the two Asian countries.

China has frequently censured the United States for the imposition of unilateral sanctions on the Islamic Republic of Iran.

Chinese Foreign Ministry spokeswoman Hua Chunying told reporters in Beijing on January 4 that her country “has consistently opposed” sanctions against Iran over its peaceful nuclear energy program.

The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program, using that allegation as excuse to impose international and unilateral sanctions against the country.

Iran rejects the allegation, arguing that as a committed signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.

Source: Press TV

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