Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the US, Reuters reported Tuesday. The shift demonstrates that China, Iran’s biggest oil customer, wants to keep buying […]

Chinese Foreign Minister Wang Yi said that his country is determined to continue and enhance bilateral ties with Islamic Republic of Iran. He made the remarks in a phone conversation with his Iranian counterpart Mohammad Javad Zarif on Friday. Describing Joint Comprehensive Plan of Action (JCPOA) as a significant achievement in the international arena, Wang […]

Hundreds of Google employees have signed a protest letter over the company’s reported work on a censor-friendly search engine to get back into China, The New York Times said Thursday. The employees are demanding more transparency so they can understand the moral implications of their work, said the Times, which obtained a copy of the […]

China will send a senior negotiator to the United States in late August to resume trade talks, its commerce ministry said Thursday, the first public meeting on the dispute in weeks as the trade conflict intensifies. Beijing and Washington have slapped tariffs on tens of billions of dollars worth of each other’s goods since they […]

Turkey’s President Recep Tayyip Erdoğan said Sat. that Turkey was preparing to trade with its top trade partners like China, Russia, Iran and Ukraine and even European countries in local currencies instead of the US dollar. According to Turkey’s Daily Sabah English website, the Turkish president made the remarks while addressing the ruling Justice and […]

Trade relations between Iran and China will not harm interests of any other country, Reuters quoted China Foreign Ministry statement as saying in opposition to US unilateral walkaway from Iran deal.“For a long time, China and Iran have had open, transparent and normal commercial cooperation in the fields of business, trade and energy, which is […]

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States. China has consistently opposed unilateral sanctions and “long-armed jurisdiction”, the ministry said in a statement faxed to Reuters. The United States […]

China on Wednesday posted a forecast-busting surge in exports for July but while its surplus with the US dipped slightly there was a warning that the full impact of US sanctions was yet to be felt. The figures come as the world’s two largest economies exchange threats of stiff duties on billions of dollars worth […]

The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trump’s efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord. Beijing has, however, agreed not to ramp up purchases of Iranian crude, according […]

The news comes amid reports of the US administration’s plan to impose 25 percent tariffs on $200 billion in imported Chinese goods, according to US-based media. If the United States takes further steps to hinder trade, Beijing will retaliate, Foreign Ministry spokesman Geng Shuang has told a daily news briefing. “China’s position remains clear and […]