09 March 2012

Editorial: China and Iran Breaking Up?

By Javad Heydarian

They say that it’s only in hard times that you really see who your true friends are. What separates opportunistic partnership from genuine alliance isn’t necessarily treaties, but a willingness among both parties to hang onto their relationship when the going gets tough.

With Iran’s growing isolation over its nuclear program, China’s ties with Tehran are being put to the test as never before. As the European Union and the United States tighten the noose around Iran’s oil exports – constituting 80 percent of government revenues – and key financial institutions, including the Iranian Central Bank, Tehran is in desperate need of Chinese assistance. On top of this, Israel appears to be laying the groundwork for military strikes in case sanctions fail to achieve the desired effect: namely, Iran abandoning its nuclear program.
This is precisely when China is most needed by Iran. However, with Washington stepping up its pressure on China to cut Iran loose, there are growing signs that Beijing’s leaders attach greater importance to Sino-American ties and the country’s own energy security.
Read the full story at The Diplomat