Tuesday 2 December 2014

Pak-China Economic Corridor to help all

Pakistani and Chinese leadership have reached an understanding for investment to facilitate road and railway links, said Xinjiang province influential personality Yuan Jianmin STOCK IMAGE
ISLAMABAD: The establishment of the Pak-China Economic Corridor would upgrade the border regions of both countries by connecting Gwadar port to the northwestern region of Xinjiang via highways, railways and pipelines.
This was stated by Yuan Jianmin, an influential personality of the Xinjiang province of China, while speaking on the topic “Pak-China Relations: Pak-China Economic Corridors” at the National University of Modern Languages (NUML).
“The Pak-China Economic Corridor isn’t aimed to undermine the interests of any country,” said Yuan, who holds portfolios of deputy secretary general at the China Council for International Investment Promotion, vice chairman of the Xinjiang International Chamber of Commerce, China among others.
Yuan said that the idea of connecting different countries of the region with one common route was quite old. Different programmes had been proposed at different times. American Foreign Secretary Hillary Clinton, during her visit to India in 2011, floated the idea of an economic zone, Russia president proposed the idea of Euro-Asia silk route, while Japan extended the concept of Asian Silk route for the region, he added.
He reiterated that Pakistani and Chinese leadership held a number of meetings and reached an understanding for the investment of billions of dollars to facilitate road and railway links between the two countries, energy and power provision, development of telecom, trade, livestock, export of sea food to China and many other products between the two countries, he said. 

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