How China Funds Iran: Oil, Sanctions Evasion, and the Shadow Banking Network

China is financing the Iranian regime through a variety of means, including a shadow banking system that avoids international financial networks, with the Bank of Kunlun operating as a conduit for China-Iran trade.

China and Iran have built a broad strategic partnership over several decades, encompassing economic, diplomatic, and security cooperation, much of which runs counter to U.S. foreign policy interests.

The U.S.-China Economic and Security Review Commission has identified the two...