KARACHI: Chinese ambassador to Pakistan Yao Jing Chinese reveals majordecisions over Gwadar Port development in CPEC next phase while reactingover western media reports of military intentions in Pakistan.
on Friday announced that China will establish factories in Gwadar in nextphase of the multibillion dollars China-Pakistan Economic Corridor (CPEC)project.
Addressing a session on CPEC under Council on Foreign Relation, Yao Jingsaid that Beijing was waiting for Pakistan’s free zones policy and addedthat under the policy as many as 19 joint projects will be initiated inGwadar. He said that they were spending $40 million per year to run Gwadarport.
On the occasion, the ambassador said that renowned Chinese company Adidaswas shifting its entire production chain in Lahore. He said that Chinawould establish 300MW power plant and a desalination plant in Gwadar.
Turning down the wrong impression of Western media about CPEC, Yao Jingsaid that China has no military or strategic intentions in Pakistan.
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Speaking on the occasion, Yao Jing said that the multibillion dollarsChina-Pakistan Economic Corridor (CPEC) project will help developPakistan’s infrastructure.
He said, “CPEC represents deep and historical relationship between Pakistanand China.” The ambassador said that CPEC was not only important forPakistan and China but for the entire world and added that the corridorwill be expanded to countries of Central Asia and Russia.
The ambassador said that Beijing was cooperating with Pakistan in varioussectors, including education, profession training, agriculture andtechnology transfer.
