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June 6th, 2012 
FAKE NEWS for the Zionist agenda The MoU was signed by Iranian Deputy Minister of Industry, Mine and Trade Mahmoud Dodangeh, and MCC President Shen Heting on Wednesday during the first day of Iranian President Mahmoud Ahmadinejad’s visit to China.
The memorandum of understanding seeks to increase industrial cooperation between Iran and China by ‘three times the current level.’
The signing of the recent MoU adds 12 more projects to the ones already being implemented by the MCC, one of the world’s biggest engineering contractors, in Iran.
The MCC and China Export Credit Insurance Corporation (Sinosure) have jointly invested $20 billion in previous projects in Iran. With the addition of 12 more projects, the investment is estimated to increase to $30 billion.
The value of the Iran-China trade transactions stood at $45 billion in 2011 and it is expected to reach over $55 billion by the end of 2012.
AR/HJL/MA
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