More on this deal from WSJ. Very likely to be understating China's contribution here.
I think what's important is that China is taking initiative here and will be hosting further dialog between Iran and GCC countries. not only that, it has committed to basically rescuing Iranian economy. So the earlier visit from Iranian president seems to have pushed things in the right direction, since Iran got concession from China to invest in their economy.
Still a lot of work to do here, but China now has opportunity to get more positive press when this deal moves further along and when the GCC/Iran meeting takes place in Beijing.
I think what's important is that China is taking initiative here and will be hosting further dialog between Iran and GCC countries. not only that, it has committed to basically rescuing Iranian economy. So the earlier visit from Iranian president seems to have pushed things in the right direction, since Iran got concession from China to invest in their economy.
Still a lot of work to do here, but China now has opportunity to get more positive press when this deal moves further along and when the GCC/Iran meeting takes place in Beijing.