Chinese investment in Iran has increased tenfold in a year, according to a report. The amount rose from $200 million to $2 billion, Iran's Tasnim news agency reported.
Money flows primarily into projects in the areas of logistics, infrastructure and mining. Iran is subject to sanctions primarily because of its nuclear program. The government has therefore strengthened its relations with Russia and China in recent years, but has also sought new partners, the report said. The Islamic Republic is now a member of the Shanghai Cooperation Organization.