From China Digital Times
"Following pressure from the U.S. and its allies, China is pulling back from its support for Iran. The Industrial and Commercial Bank of China has backed out of investing in a pipeline that would run from Iran through Pakistan, the Los Angeles Times reports:
Pakistani officials confirmed Wednesday that Industrial and Commercial Bank of China had withdrawn from plans to head a consortium that would finance the $1.6-billion Pakistani portion of the cross-border pipeline, apparently over concern that the bank could be excluded from the U.S. economy."
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