China winner from US sanctions on Tehran with dollar dominance waning – analysts to RT


With American firms prohibited from working in Iran and European businesses scared away by US sanctions, Chinese companies can fill the void and reap the benefits, according to analysts who talked to RT.

“China has all the opportunity to increase its share on the Iranian market. China is already Iran’s largest trading partner with a turnover of almost $60 billion,” TeleTrade chief analyst Petr Pushkarev said. China can boost its share in South Pars, Iran’s giant gas field, and also grab more contracts in construction of railways, trains, and other infrastructure projects.

source: https://www.rt.com/business/429410-china-winner-us-sanction-iran/

Author: Rayan M

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