China to invest $320 million in Iran

Business Materials 2 May 2011 16:46 (UTC +04:00)

China has invested $570 million in Iran over the last two years and will further invest $320 million by late 2011, the Mehr news agency reported.

Iran-China Joint Trade Chamber Co-chair Asadullah Asgarovladi said Iran has invested $38 million in China so far.

China's annual foreign investments hit $160 billion.

The trade turnover between Iran and China amounted to $30 billion in 2010.