Home Russia & China China “China will never leave Pakistan alone”: Envoy promises investment

“China will never leave Pakistan alone”: Envoy promises investment

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News Desk |

In an interview to private media channel on Sunday, Chinese Consul General Long Dingbing said that Beijing would invest in multiple sectors and projects in Pakistan instead of providing loans to boost Pakistan’s economy.

Dingbing claimed that China would never leave Pakistan in a lurch and would provide maximum resources to Pakistan in order to strengthen the wobbling economy. He said that China would provide multiple forms of bailout packages to Pakistan by investing in fresh projects to broaden the area of China-Pakistan Economic Corridor (CPEC).

He said that the donations were being collected in China for the families of martyrs, while Dingbing had given 2,000 RMB and Zhengwu 1,000 RMB for the cause.

About the Prime Minister Imran Khan’s recent trip to China, Dingbing said that two countries inked 15 new agreements that would help to increase the cooperation in politics, financial sector, people to people contacts and cultural ties between neighboring countries.

Responding to a question about Pakistan’s crippling debt, Dingbing asserted that only four of the 22 projects launched under CPEC carried concessional loans. Rest of the 18 projects was investment based and would turn around Pakistan’s economy. He maintained that the CPEC projects did not increase Pakistan’s debt burden. Instead, he claimed that those projects would unleash their economic benefits only to reinforce the economy of the country.

Read more: Map of China Pakistan Economic Corridor (CPEC) Projects

Dingbing revealed that tapping new avenues of collaboration under CPEC by launching a new business venture instead of hard cash would help Pakistan overcome its financial crisis and achieve sustainability.

The deputy consul General Peng Zhengwa–who was also present in the interview–praised the policemen who embraced the martyrdom saving the lives of Chinese during the recent terrorist attack on Chinese consulate in Karachi.

Dingbing claimed that China would never leave Pakistan in a lurch and would provide maximum resources to Pakistan in order to strengthen the wobbling economy.

He said that the donations were being collected in China for the families of martyrs, while Dingbing had given 2,000 RMB and Zhengwu 1,000 RMB for the cause.

Pakistan and China enjoy a never withering relationship and are always engaged in enhancing the bilateral ties further by considering all options available, be it finance sector, trade, culture or defense etc.

Read more: Death of Pakistani student in China: suicide or honor killing?

Earlier during his visit to China, Prime Minister Khan and Premier of China Li Keqiang agreed to task the CPEC Joint Cooperation Committee (JCC) explore ‘new areas of cooperation’ under the CPEC. It was decided that eighth session JCC would be held in Beijing before the end of this year.

Both sides also had agreed to collaborate against “Three Evils” of extremism, terrorism, and separatism by regularly utilizing their existing mechanisms of strategic dialogue and counter-terrorism and security consultations.


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