China says willing to promote CPEC with Pakistan

Published: December 28, 2016
Email

BEIJING: China’s Foreign Ministry on Wednesday said it was willing to promote the economic corridor with Pakistan.

The statement comes after Islamabad said it would secure soft loans from China totalling around $1 billion for three road projects in the China-Pakistan Economic Corridor (CPEC).

A spokesperson for Pakistan’s National Highway Authority (NHA), Ashraf Zaman, told Reuters on Tuesday hopefully relevant agreement would be signed in China-Pakistan Joint Cooperation Committee (JCC) meeting this week.

Sindh CM heads to China for CPEC meeting

In Beijing, Chinese Foreign Ministry spokesperson Hua Chunying said she had no details about the meeting or any financing deals to be reached, but that the economic corridor project was an important one for both countries.

“Construction of the CPEC is a cooperation framework that the two countries set up with an eye to the future development of a long-term relationship. This economic corridor construction is not only beneficial to Pakistan’s economic and social development, but can also, as part of the “One Belt, One Road” construction, promote regional connectivity and development of infrastructure construction. So we are willing to work with Pakistan to steadily push forward relevant corridor construction,” she told reporters at a daily briefing in Beijing.

Under the “One Belt, One Road” programme announced by Chinese President Xi Jinping in 2013, China aims to invest in infrastructure projects including railways and power grids in central, west and southern Asia, as well as Africa and Europe.

Govt anticipates $4b investment in three industrial zones along CPEC

The roads lie on the western route of CPEC, a $55 billion network of roads, rail links, power plants and other infrastructure connecting western China to Pakistan’s Arabian Sea port of Gwadar. They include roads from Raikot to Thakot, Yarik to Zhob and from Basima to Khuzdar, Zaman said, adding that the deal to finance the three roads was struck last month.

Facebook Conversations

Reader Comments (7)

  • Vyas
    Dec 28, 2016 - 4:31PM

    Poor China….sure it wants to promote !!! But with who ? With those who have no sense of economics at all. China will learn very hard lessons. They are in CPEC for business. But whether the country on other side of table understands ABC of what is business ?Recommend

  • Hard pill
    Dec 28, 2016 - 5:35PM

    @ Vyas
    Lol hahaha. The frustrstion shows in you Mr. IndianRecommend

  • Shuaib
    Dec 28, 2016 - 5:39PM

    @Vyas: Russia,Uzbekistan,Iran,Saudi Arabia,etc. and if it is unsuccessful, why oppose it? Recommend

  • Salim Khan
    Dec 28, 2016 - 5:53PM

    Does it mean no one is showing interest in CPEC? Why does China have to promote Pakistan CPEC? Recommend

  • Thora Bora
    Dec 28, 2016 - 5:54PM

    Someone should know that China came into being after Pakistan independence. The economic and banking system of China was established and initiated by Pakistanis. Pak-China relation have a history. It is also on the record that Chinese delegation was surprised on visit to National Bank building of Pakistan few decade back! It is pity Pakistan lag behind in later course of development because of so called politics and democracy. For now Pakistan army is committed to defend the CPEC project and secure the Chinese investment in the country, and that’s why the project is attracting global stack holders. So someone should know about Shaukat Aziz and Dr. Ishrat Hussain @Vyah Recommend

  • Ts
    Dec 29, 2016 - 12:31PM

    China has always been the great friend of pak unlike USA which abondoned pak in the need of our.We should facilitate to Chinese investors investing in pak.Cant explain the pak china friendship in words.The love is in our heartRecommend

  • Ashiq slathia
    Dec 29, 2016 - 5:12PM

    China and Pakistan have great friendship since long and China want to develope Pakistan economically as it stood pakistan in defence productions, JF17 thunder and other equipments
    Now Russia is also joing in CPEC project and so many countries from eastren Europe and former russian states are intrested to join,even Indian PM Moodi he bowed down in front of Chines President for participation but he said nothing without consultation of Pakistan,Iran also desire to join,Insha Allah Pakistan would be economic power as defence of Pakistan will be strong,but we need positive role of our politicians.Recommend

More in Pakistan