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Trade with China is good as long as its balanced.
The volume of trade between Iran/China could reach $100 billion by 2015.
It is predicted that trade with China will reach over $40 billion at the end of the financial in March 2012.
However trade is not good if China imports $30 billion worth of goods from Iran, and Iran only imports $10 billion worth of Chinese goods. With the mullahs putting the rest of the petro-$ money in their pockets.
It would indeed be a shame if Iran exports for 2011--2012 were $150 billion and imports ONLY $60 billion.
The mullahs must move away from STEALING money from the Iranian people and spend more money on INDUSTRY, Infrastructure and defense.
China has many things Iran can buy with the petro-$ sales in the areas of Industry, infrastructure and defense equipment.
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'Iran-China trade ties to top $40bn'
By Presstv.com
Iran's Ambassador to China Mahdi Safari says commercial transactions between Tehran and Beijing are growing, and could surpass USD 40 billion in value by mid-March 2012.
“Trade ties between Iran and China exceeded USD 21 billion in the first six months of 2011,” Safari said in the Chinese capital of Beijing on Tuesday, IRNA reported.
He estimated that the figure could exceed USD 40 billion by the end of the current Iranian calendar year (ending March 19, 2012).
Safari downplayed the unilateral sanctions imposed by the United States and its allies against the Islamic Republic, and pointed to a remarkable increase in the value of Sino-Iranian commerce.
“Statistical analyses of the trade ties between the two countries indicate that the volume of their economic transactions in the first six months of 2011 enjoyed a year-on-year growth of 46.5 percent,” he added.
The Iranian envoy also said that the recent meetings of senior officials from the two countries and the Memoranda of Understanding signed between Tehran and Beijing are indicative of the two parties' willingness to promote ties.
Safari was referring to a visit by He Guoqiang, a senior official of the ruling Communist Party of China, to Tehran in mid-July as well as a meeting between Iranian President Mahmoud Ahmadinejad and his Chinese counterpart, Hu Jintao, on the sidelines of a summit of the Shanghai Cooperation Organization in Astana, Kazakhstan in June.
Safari also highlighted the increase in Iran's non-oil exports, namely Persian carpets, to China.
“The export of Persian carpets to China reached [a value of] USD six million over the past seven months, while the same number stood at 200,000 dollars last year,” he said.
