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China says its investments in Iran is normal business

China has defended its investments in oil-rich Iran as "normal business" refuting US allegations.



Beijing: China has defended its
investments in oil-rich Iran as "normal business" refuting US
allegations that it is taking advantage of the "responsible
restraint" of other countries following the UN sanctions on
Tehran over the controversial nuclear issue.

"China`s trade with Iran is normal business exchange,
which will not harm the interests of other countries and the
international community," Foreign Ministry spokeswoman Jiang
Yu said.

"As a permanent member of the UN Security Council,
China has always observed the council`s resolutions," Jiang
was quoted as saying by the state run China Daily today.

She was responding to assertions by Robert Einhorn,
special adviser for non proliferation and arms control at the
US State Department, that China should abide by the UN
sanctions which it voted for in UN Security Council.

"We want China to be a responsible stakeholder in the
international system. And that means cooperating with the UN
Security Council resolutions and it means not backfilling, not
taking advantage of the responsible restraint of other
countries," he said.

His comments came followed remarks by Joseph
Christoff, head of the US Government Accountability Office`s
international affairs and trade department, that Chinese
companies were aggressively in investing in Iran`s oil and gas
fields after the UN sanctions came into force.

Meanwhile, Chinese Xinhua news agency quoted Iran`s
Foreign Ministry spokesman Ramin Mehmanparast "the US military
officials have often made such imprudent remarks."

"We think that such remarks are unbalanced and their
words (are linked) to their anger and frustration following
their repeated failures in the region," he said.

China has vast energy needs and has large investments
in Iran.

PTI

From Zee News

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