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China seeks to boost investments in Iran

Iran Materials 9 November 2011 16:35 (UTC +04:00)
Iran-China Joint Chamber of Commerce Chairman Asadollah Asgaroladi has called upon Chinese investors to take part in Iranian economic projectsю

Azerbaijan, Baku, Nov.9 / Trend F.Milad/

Iran-China Joint Chamber of Commerce Chairman Asadollah Asgaroladi has called upon Chinese investors to take part in Iranian economic projects, the IRNA news agency reported on Wednesday.

Addressing a gathering of Chinese investment and trade entities in Beijing, Asgaroladi added that trade between Iran and China will surpass $40 billion in 2011.

"We aim to increase bilateral trade to $100 billion within the next four years," he said, adding that China's direct investments in Iran amounted to $510 in 2010.

He predicted that the figure would rise to $1.5 billion in 2012.

Iran is the third largest oil supplier to China.

Iran mainly exports crude iron, steel parts, copper, pistachio, saffron and other non-oil products to China.

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