Concerns are mounting in the U.S. over China’s relationship with Iran and the possibility that China will veto U.N. sanctions against Iran. From the Washington Post:
China now gets at least 14 percent of its imported oil from Iran, making it China’s largest supplier and the source of as much as $7 billion worth of oil this year, according to David Kirsch, a manager at PFC Energy. Tehran in turn gets major arms systems from Beijing, including ballistic and cruise missiles and technical assistance for Tehran’s indigenous missile program. Dozens of Chinese companies are also engaged in several other industries.
On the eve of Chinese Foreign Minister Yang Jiechi’s visit to Tehran last week for talks with President Mahmoud Ahmadinejad, Beijing suggested that it could reject U.S.-orchestrated efforts for a new resolution. [Full text]