China exploiting Iraq’s security vacuum, siding with militia to gain hold of lucrative oil industry

Image for Representation. (Photo: Reuters)

BEIJING: China, a country ill-famed for trying to take advantage of smaller economies in need of money, is now exploiting the security vacuum in Iraq that was created after the United States’ withdrawal from the West Asian country and is aligning with militia groups to gain a strong foothold in the country’s lucrative oil industry, media reports said.