China-Iran Trade Turnover Declines by 56.7% Amid De-Dollarization Efforts

Trade turnover between China and Iran has decreased significantly, according to data from China's General Administration of Customs. The figures reveal a 56.7% drop in trade activities between the two nations. During the second quarter reporting period, Chinese imports of Iranian products were valued at $415.5 million. According to NS3.AI, the upcoming BRICS summit in New Delhi may see China, Russia, and Iran advocating for further de-dollarization efforts.