‘CPEC a win-win opportunity’

China’s envoy says joint projects will strengthen ties


Our Correspondent November 18, 2015
Chinese Ambassador to Pakistan Sun Weidong. PHOTO: PID

ISLAMABAD:


The Chinese ambassador to Pakistan has said the China-Pakistan Economic Corridor (CPEC) is a win-win cooperation opportunity based on the spirit of openness between Pakistan and China.


While addressing the CPEC Media Forum on Tuesday, Ambassador Sun Weidong said the CPEC would further strengthen the time-tested China-Pakistan friendship and bring the two brotherly countries closer.

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“I believe the CPEC is a process rather than just one project. Building the CPEC needs to be based on scientific research keeping in view short-, mid- and long-term planning,” he said while responding to the oft asked question of when the corridor will be completed.

Quoting an old Chinese proverb: “A journey of a thousand miles begins with the first step”, Weidong said persistent efforts based on determination and diligence were needed to achieve sustainable development of the CPEC.



The Chinese envoy identified four major areas of cooperation with energy, transport infrastructure, industrial parks and Gwadar Port as the components of CPEC. “We expect these fields to be expanded to finance, science and technology, education, poverty alleviation and social development in the near future,” he added.

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“Chinese companies will speed up the development of Gwadar Port,” he said. “All these projects will definitely play a leading role in the construction of the CPEC in the future.”

“We will continue to encourage Chinese companies to invest in Pakistan. We highly appreciate the Pakistani side for attaching great importance to the safety of Chinese personnel and institutes. I believe the Pakistani side will continue to take all the necessary measures,” he added.

The ambassador said that complex changes were taking place in the world as the global economy slowly recovered. “Geopolitical issues are getting more prominent and challenges on a global scale are emerging,” he said. “Peace and development still remain the common aspirations of the people of all countries.”

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He said China was working to integrate its economy with the global economy, and looking forward to implement the “Belt and Road” Initiative. “We will ensure people’s well-being and improve their living standards across the board. We will remain a major driving force for the global economy.”

Published in The Express Tribune, November 18th, 2015.

COMMENTS (4)

Haider | 5 years ago | Reply @Student China is investing 46 billion USD which is around 20 percent of GDP...Projects involve Energy,Infrastructure,IT......It definitely helps reducing blackouts and unemployment...The day loadshedding is overcome Pakistan will start prospering..Chinese companies will invest in Pakistan open their factories at industrial zones..bringing investment and when CPEC is complete it gives way to central asian countries,russia to join it...It will connect central asia to world and world to central asia and those who use transit access will have to pay taxes on it...Gawadar is the world's deepest sea and If CPEC is complete then its a potential game changer...It needs to be complete on time and keep corruption away
Bisma | 5 years ago | Reply Thanks to China for their cooperation..
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