TEHRAN, Young Journalists Club (YJC) - “Economies of Iran and China can complete each other and they can raise economic exchanges to $60 billion,” he said in a meeting with chairman of Chinese chamber of commerce here in Tehran.
He said the volume of economic exchanges between the two countries had reached $54 billion when oil price had been high.
“Now in post-sanction era, we are willing to take firm steps for developing all-out ties with China,” he said.
He said Iran needs $184 billion foreign investment for average 8 percent economic growth, adding China can play a considerable role to provide the investment. Iran produces 1.500 million cars which could be doubled by Chinese investment.
Shariat-Madari said Iran and China can also develop cooperation in expanding exploration and extraction activities in metal and non-metal mines and manufacturing heavy machinery for extractions from mines.
The Chinese official, for his part, welcomed expanding bilateral cooperation between the two countries in excavation and refinery of minerals.
He also stressed financing and funding joint plans, saying that in case state banks failed to settle finance issue, private banks, insurance and finance companies would help China.