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January 19th, 2012 
FAKE NEWS for the Zionist agenda “I also want to clearly point out that China’s oil trade with Iran is normal trade activity,” he said in response to a question about US and European efforts to curtail Iranian oil exports and revenues, according to a transcript on the Chinese Foreign Ministry’s website (www.mfa.gov.cn).
“Legitimate trade should be protected, otherwise the world economic order would fall into turmoil,” he added.
But Mr Wen shrugged off worry about China’s oil needs.
“I don’t have this or that worry about China’s oil supplies, and this time I didn’t discuss this issue with the leaders of each country,” he told the news conference, according to the official Chinese transcript.
Mr Wen visited Saudi Arabia, the United Arab Emirates and Qatar.
His comments laid bare the tricky course Beijing is trying to steer between pressure from Washington and its allies and expectations from Iran, which looks to China as a sympathetic power and its chief oil customer.
The tensions are a particular worry for China, the biggest buyer of Iranian oil, followed by India and Japan. Only Saudi Arabia and Angola sell more crude than Iran to China.
“We believe that, no matter what the circumstances, the security of the Gulf of Hormuz and normal shipping passage through it must be guaranteed, because this is in the interests of the whole world,” said Mr Wen.
“Any extreme measures on this issue would violate the wishes of all countries in the world and their people.”
The Obama administration last week invoked U.S. law to sanction China’s state-run Zhuhai Zhenrong Corp, which it said was Iran’s largest supplier of refined petroleum products.
The United States is also working out how to enforce a law enacted on Dec 31 that targets foreign financial institutions doing business with Iran’s central bank, notably to buy crude.
China has backed U.N. Security Council resolutions calling on Iran to halt uranium enrichment activities, while working to ensure its energy ties are not threatened.
In the first 11 months of 2011, Chinese crude imports from Iran were at about 553,000 barrels per day, a gain of nearly 30 per cent on the same period a year before, according to Chinese customs data.
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