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 […]

China, the world’s top crude-oil buyer, imported around 718,000 barrels a day on average from Iran between January and May of this year, according to official Chinese customs data — equivalent to more than a quarter of Iran’s oil exports. China’s increased its imports of Iranian oil by 9.3 percent during the same time period […]

Iran’s Vice-Presidency for Science and Technology and China’s Ministry of Science and Technology have signed an MoU to fund joint research projects. The memorandum of understanding was signed on the sidelines of the 2018 Shanghahi summit between the two countries’ presidents. Under the MoU, between three to five joint research projects amounting to $50,000 in […]

Iran’s national basketball players could not advance to the final match of Atlas Basketball Challenge after they were narrowly beaten by Nigeria. The national teams of Iran and Nigeria took on each other yesterday in the semi-final stage of Atlas Basketball Challenge held by Atlas Sports of China and the match ended 73 t0 72 […]

In a surprising turn of events, Finnish company HMD Global somewhat confirmed that the Nokia X5 won’t remain a China exclusive for too long. It’s true that before the smartphone was officially unveiled earlier this week, rumors claimed it could be launched globally as Nokia 5.1 Plus. HMD’s Juho Sarvikas recently replied to a Nokia fan that the X5 won’t […]