Chinese Ambassador reveals major decisions over Gwadar, reacts on western media reports of military intentions in Pakistan
KARACHI: Chinese ambassador to Pakistan Yao Jing Chinese reveals major decisions over Gwadar Port development in CPEC next phase while reacting over western media reports of military intentions in Pakistan.
on Friday announced that China will establish factories in Gwadar in next phase of the multibillion dollars China-Pakistan Economic Corridor (CPEC) project.
Addressing a session on CPEC under Council on Foreign Relation, Yao Jing said that Beijing was waiting for Pakistan’s free zones policy and added that under the policy as many as 19 joint projects will be initiated in Gwadar. He said that they were spending $40 million per year to run Gwadar port.
On the occasion, the ambassador said that renowned Chinese company Adidas was shifting its entire production chain in Lahore. He said that China would establish 300MW power plant and a desalination plant in Gwadar.
Speaking on the occasion, Yao Jing said that the multibillion dollars China-Pakistan Economic Corridor (CPEC) project will help develop Pakistan’s infrastructure.
He said, “CPEC represents deep and historical relationship between Pakistan and China.” The ambassador said that CPEC was not only important for Pakistan and China but for the entire world and added that the corridor will be expanded to countries of Central Asia and Russia.
The ambassador said that Beijing was cooperating with Pakistan in various sectors, including education, profession training, agriculture and technology transfer.