Azerbaijan, Baku, Nov.7/ Trend G.Mehdi/
Although China is under pressure by Western powers due to its close relations with Iran, but China expands ties with Iran unconcerned by the pressures, IRNA quoted China Ambassador to Iran Yu Hongyang as saying on Tuesday.
Over 70 state-run Chinese companies are active in Iran, he said, adding that the administration will support the companies as a means to boost relations with Iran.
In August, Iranian Ambassador to China Mahdi Safari said that the Islamic Republic and China plan to increase the value of bilateral trade to $70 billion in five years.
Safari added that over the past two years, the Chinese investment in Iran has risen from $120 million to $650 million.
According to data from the Beijing-based General Administration of Customs, China's oil imports from Iran increased by 17 percent to 2.6 million tons in June with the Asian country importing about 635,000 barrels of Iranian oil per day, Press TV reported.
On June 6, Iranian Ministry of Industry, Mine and Trade and China's Metallurgical Group Corporation (MCC) signed a memorandum of understanding to expand industrial cooperation with the economic giant.