Uncertainty faces China Inc’s projects in Iran after US–Israeli strikes
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Futures lower, oil rises as Iran conflict enters fifth day - what’s moving markets Oil prices surge higher as conflict threatens supply; Goldman lifts forecasts South Korean stock trading temporarily halted as KOSPI slides over 11% Dollar consolidates near highs as crude prices escalate (South Africa Philippines Nigeria) Uncertainty faces China Inc’s projects in Iran after US–Israeli strikes By Stock Markets Published 03/04/2026, 05:22 AM Updated 03/04/2026, 05:24 AM Uncertainty faces China Inc’s projects in Iran after US–Israeli strikes 0 600312 2.37% 600746 -1.70% 601618 -0.96% By Eduardo Baptista BEIJING, March 4 - Weeks before U.S.–Israeli strikes in Iran, wide swathes of state-backed Chinese companies were eyeing projects in areas from energy and heavy industry to trade promotion, data showed, spotlighting the risks the war presents for business in China. One of Iran’s closest allies and the biggest buyer of its oil, China has so far kept silent about the business and trade impact of the attacks, though it condemned the U.S.-led operation as "unacceptable" and called for restraint. Chinese government procurement and tender records on Iran show contracts issued in recent months, pointing to the vibrant commercial engagement of the two nations, though the total size of China’s investment in the projects was not immediately clear. But the inclusion of many state-backed firms suggests efforts by the world’s second largest economy to boost ties with Iran could transmit the business impact of the deepening Middle East crisis beyond just the private sector. Beijing has long backed U.S.-sanctioned Tehran in efforts to deepen its strategic and economic heft in the Middle East, signing a 25-year cooperation deal in 2021, though full details were never disclosed. China and Iran have drawn closer politically through participation in regional blocs, but economic cooperation has stagnated in recent years in the absenc...
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