Iran and China are reportedly nearing completion of a wide-ranging oil-for-infrastructure deal that would pave the way for billions of dollars of Chinese investment in Iran’s energy, telecommunications and financial service sectors in exchange for a 25-year supply of oil.
Both sides have acknowledged that talks are underway but neither has confirmed the details. When a China Radio International journalist asked Foreign Ministry spokeswoman Hua Chunyin about a New York Times report about the deal, Hua refused to comment.
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