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China gave $1 billion to improve Pakistan's economy - Read full article please

Discussion in 'Pakistan Economy' started by Zaki, Sep 5, 2009.

  1. Zaki

    Zaki MODERATOR

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    ISLAMABAD (September 05 2009): Chinese Ambassador to Pakistan Lou Zhaohui has said that China has already given one billion dollars in two tranche to enhance Pakistan's foreign reserves and improve Pakistan's economy. "Pakistan is the only country in the world that China has ever given such a huge amount on very low interest rate that is due to the nature of bilateral relations", the Chinese envoy said while talking to media here on Friday.

    President Asif Ali Zardari and his Chinese counterpart Hu Jintao are to meet in New York later this month on the sidelines of UN General Assembly, he said, adding that their meeting will focus a wide range of regional and international issues, but the main emphasis would be on bilateral relations.

    Zhaohui said that within the last one year President Zardari has twice met both the Chinese premier and the president. The interactions will further deepen the relations between the two countries, he added. He deeply appreciated Pakistan's stance over July 5 incidents in Xinjiang province and said it was the only country in the world to have issued a statement in support of China.

    To a question, the ambassador said that Pakistan's religious/political parties also supported China on the issue. Zhaohui said President Zardari during his first official visit to China last October had committed to visit China after every three months and each time he would visit a new province of the country.

    "President Zardari has kept his promise and has so far visited his country thrice learning from Chinese model of development and holding interactions with various business leaders, economists and agriculturists," he added.

    To a question about the protocol President Zardari was given in China, the ambassador said that no head of state is ever given such a protocol if he is on a working visit to cities other than Beijing. "This is rare. When dignitaries from other countries are there in Chinese provinces, they are received by an official of the Chinese foreign ministry. No one outside Beijing gets protocol which President Zardari receives during his working visits," Zhaohui said.

    He said although President Zardari was not on a state visit, but still he was received by vice premier and the foreign minister also met him in Guangzhou. Ambassador Lou Zhaohui also dwelt upon areas of Pakistan-China co-operation and other international and regional issues. He said last year there were 3,000 Chinese engineers working in Pakistan on a number of projects, but this year their number has increased to 10,000 and the total projects they are working on are 120.

    Expressing satisfaction over the security that interior ministry is providing to Chinese diplomats and engineers, he said the embassy has a joint task force with Pakistan's interior ministry and have a 24 hours hotline. "A number of foreigners left Pakistan, but we are committed to complete all the projects on which Chinese are working," he said. To a question he said for timely completion of Gawadar Port, China provided $300 million and was interested in its operating rights, which were given to Singapore Port Authority. He said China is also co-operating in Neelum Jhelum power project and in defence field his country has provided JF-17 fighter jets and handed over Frigate-22 to Pak Navy.

    The ambassador informed that an MoU between the two countries will be signed next week to launch Pakistan's satellite into space. He said unlike Pakistan, his country has a number of political issues with India including border issue and Dalai Lama. Zhaohui, however, stated that relations with India were improving and recent talks on border issues have been satisfactory and some Indian army officials have also visited China.
     
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  2. Developereo

    Developereo ELITE MEMBER

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    Just to be clear, it is a loan, not a grant.
     
  3. Zaki

    Zaki MODERATOR

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    yes i know :lol: but still 1000 times better than taking a loan from IMF

    They eat you from top to bottom while china is giving soft loans :cheers:

    This article is important because it covered so many subjects i.e. economy, defence, sattelite etc and i was surprised to see the number of chinese engineers increased from 3000 to 10,000 in a single year thats a great achivement :pakistan:

    Pakistan Zindabaad

    Long Live Friendship of Pakistan :pakistan: and China :china:
     
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  4. Developereo

    Developereo ELITE MEMBER

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    Definitely true!
     
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  5. pmukherjee

    pmukherjee SENIOR MEMBER

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    ^^^ good news, strengthen your economy mate---for a strong Asia.
     
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  6. WarProfessor

    WarProfessor FULL MEMBER

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    Are you kidding me? With all that hawkish war rhetoric and how brave Indian soldiers are and China never won a war in 2000 years, Indian army officials came to China and say we were only kidding and chickened out? This is boring. Like I said before finally you got our attention and now you are saying: hey, we are only kidding?

    :blink:
     
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  7. Zaki

    Zaki MODERATOR

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    the problems are aside but that is a fact China and India are improving their relationships for the sake of better and rich Asia. Pakistan & India just don't want to resolve Kashmir issue or else we could beat Europe tomorrow in all fields (Pakistan+India+China) itself is a big Super Power and if you include resource rich countries like Iran and other smaller countries and make a similar European Union block you are already beating America and NATO :lol:
     
    Last edited: Sep 5, 2009
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  8. luoshan

    luoshan BANNED

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    What are you talking about? Any link or reference?
     
  9. WarProfessor

    WarProfessor FULL MEMBER

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    read the original post pretty much at the end:
    ... Indian army officials have also visited China.

    and please use your own brain to analyze it with what you have learned in class `diplomacy/politics for dummies 101' to get your own result.

    :undecided:
     
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  10. luoshan

    luoshan BANNED

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    I think its you who have to use your brain, if you have any, to read and comprehend what is written in the original post.
    What you said and whats in the post are completely different things. May be your peanut sized monkey brain cannot analyze it..:victory::hang2:
     
    Last edited: Sep 5, 2009