120 Chinese Firms Involved in Iranian Projects

By John Lee.

Iran’s former ambassador to China, Fereidoun Verdinejad (pictured), said about 120 Chinese companies are currently engaged in projects in Iran, according to a report from IRNA.

Adding that trade could easily rise to $50 billion, he said cooperation between the two countries could focus on areas such as reviving the Silk Road, collaboration within Shanghai Cooperation Organization as well as the Asia Economic Development Bank.

(Source: IRNA)

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