Chinese investors look for JVs in ceramics

Agree to relocate ceramics units from Zibo city to Pakistan

LAHORE:

A Chinese delegation, from the city of Zibo, expressed keen interest in forging joint ventures in the ceramics sector of Pakistan during a visit to the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI).

The delegation held a meeting with local industrialists of the ceramics sector at the PCJCCI Secretariat on Monday. The head of the delegation said that Zibo, being a key transportation hub of China, was also playing an important role in the country’s economy through its rapidly growing manufacturing industries, especially the ceramics sector.

He was impressed by the growth potential of Pakistan’s ceramics industry and agreed to relocate ceramics units from Zibo to Pakistan as well as share global demand of ceramics products by exploiting the inherent advantages present in Pakistan and China.

Speaking on the occasion, PCJCCI President Moazzam Ghurki said that 70% of China’s ceramics industry was working under the expertise of Zibo manufacturing concerns and the products produced in the city were being exported to the US, EU and other sophisticated markets.

“Zibo was ranked 34th most competitive city in China, according to the Chinese Academy of Social Sciences in 2016,” Ghurki pointed out, adding that Zibo had a significantly large industrial base that accounted for 47% of China’s gross domestic product (GDP). PCJCCI Vice President Hamza Khalid apprised the Chinese delegation of the immense support that would be extended by the PCJCCI for economic development in the two countries.

Published in The Express Tribune, July 11^th, 2023.

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