"China's CNPC has pulled out from Iran's $4.8 billion South Pars gas project, Iran's oil minister said on Sunday, after France's Total abandoned the deal last year amid looming US sanctions on Tehran"Yes, even China. Last year we noted the impotent attempts of the EC to assist Total in evading US sanctions against Iran; and the position remains the same: in the world of commerce, only outright pirates choose to flout US sanctions.
All this at a time where China is attempting to have its writ run over anyone daring to criticise what they are up to in Hong Kong - see this piece. But China may not be quite ready to ignore world opinion and simply crush HK dissent. Finessing this - its timing, and its impact on Xi's ultimate determination to retake Taiwan during his own tenure - is evidently going to be tricky. Perhaps he's waiting for a Democrat prez: though that might be a bit of an unknown quantity ...
The struggle for global hegemony between the two superpowers is going to be a helluva 50-year firework display.