Truthdig contributor and former “60 Minutes” producer Barry Lando argues that China has cleverly exploited poor relations between Tehran and Washington, to the point that the Middle Kingdom now imports more oil and gas from Iran than the U.S. does from Saudi Arabia.
While the United States considers Iran the biggest threat to the region, China has been cutting deals for everything from oil fields to Tehran’s subway system.
And as all this has been going on, the Chinese have been prospering. Chinese/Iranian trade has mushroomed from $3.3 billion in 2001 to $30 billion in 2010, and is expected to hit $50 billion by 2015. The prize, though is the gas and petroleum.
No wonder, then, that the Chinese are as solicitous of Tehran’s interests as the folks in Washington are of the Saudis.