China's Iran support limited by broader interests as US pressure mounts

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China opposes US military attacks and sanctions on Iran but analysts say Beijing will not confront Washington for Tehran's sake. Chinese President Xi Jinping met Iranian President Masoud Pezeshkian briefly at the Shanghai Cooperation Organisation summit in Bishkek, Kyrgyzstan, though Chinese media did not report the encounter. China takes up to 90 percent of Iranian oil exports, yet Iranian crude is only about 2 percent of China's energy mix.
Key Facts
- China takes up to 90 percent of Iranian oil exports since the US and Israel launched their war in late February.
- Iranian crude accounts for only about 2 percent of China's overall energy mix.
- Xi Jinping held a brief meeting with Masoud Pezeshkian on the sidelines of the SCO summit in Bishkek, Kyrgyzstan, according to Iranian state media.
- Chinese outlets made no mention of the Xi-Pezeshkian encounter at the summit.
- Xi Jinping made his first visit to Egypt in a decade on Tuesday, calling on Middle East countries to oppose external interference.
China's Balancing Act
China has long been a rare partner to Iran, with the economic heft to blunt US efforts to strangle the Iranian economy. Yet even as China opposes President Donald Trump's latest pressure campaign, few observers expect it to go much further than the modest economic links it has forged with Iran. Beijing's relationship with Tehran is just one consideration in a foreign policy that seeks to balance relations with numerous countries, including the US and Gulf states. Hongda Fan, director of the China-Middle East Center at Shaoxing University, said China can only actively promote de-escalation and will not engage in fierce confrontation with the US for Iran's sake.
Asymmetric Trade Ties
China and Iran share substantial trade links, particularly in energy, and a mutual suspicion of US dominance, but their relationship is heavily lopsided. Tehran depends on Beijing far more than vice versa, with China taking up to 90 percent of Iranian oil exports since the war began in late February. Iranian crude, however, accounts for only about 2 percent of China's overall energy mix. While China's oil purchases have been an economic lifeline for Tehran, Chinese importers have not been immune to fears of exposure to US sanctions.
SCO Summit Diplomacy
The asymmetry in ties was on display at the annual gathering of the Shanghai Cooperation Organisation, a 10-member bloc widely seen as a counterbalance to US hegemony. Chinese President Xi Jinping joined more than a dozen non-Western leaders, including Iranian President Masoud Pezeshkian, at the summit in Bishkek, Kyrgyzstan. Iranian state media reported that Pezeshkian held a brief meeting with Xi on the sidelines, but Chinese outlets made no mention of the encounter. Xi immediately followed his attendance at the summit with his first visit to Egypt in a decade on Tuesday, calling on Middle East countries to oppose external interference.