Well-known Chinese news site Sina recently reported that, during Chinese President Xi Jinping’s visit to Iran, China signed 17 agreements with Iran. The agreements covered energy, finance, telecommunications, and other fields, including peaceful use of nuclear energy. China is currently Iran’s largest trade partner with an annual trade volume of US$50 billion. In the newly signed agreements, the two countries agreed to target US$600 billion in the next ten years. The two countries also signed a joint statement on establishing a 25-year “comprehensive strategic partnership.” Both Xi and Iranian President Rohani agreed to develop a tighter relationship in politics, culture, and trade. Both sides committed firmly to supporting each other on major issues concerning independence, sovereignty, and territorial integrity. China supports Iran in playing a more important role in regional and international matters. China also supports Iran in applying for membership in the Shanghai Cooperation Organization (SCO).
Source: Sina, January 24, 2016