China funding 26 giant projects in Iran with US money. China turns to Iran for LPG, ignoring sanctions Why Trump’s threat to withdraw from Iran nuclear deal is a concern for China Iran has become a major part of the expansive infrastructure investment plan. One key project is a US$2.56 billion high-speed railway from Tehran to the eastern city of Mashhad, with China providing a US$1.6 billion loan to fund the electrification of the 926km line. That was the first foreign-backed project in Iran after the 2015 nuclear deal was signed. Export-Import Bank of China said it had financed some 26 projects in Iran, providing around US$8.5 billion in loans. —— This is the thing with Trump and Iran. The US is no longer the world leader. More and more it looks like Trump is helping China become the world leader. Our only allies are Russia and North Korea. So will Europeans follow the sanctions? We know China is not. Besides, who could possibly believe anything Donald Trump says?