Pakistan & China vow to boost strategic ties

[StingRoy]

@Dezi, in addition I would say that having a trade surplus does not necessarily mean the economy is doing well.
Japan has a trade surplus, but they have a stagnant economy. The USA has the biggest trade deficit on Earth, but they are actually doing better than Japan.
So it's a combination of factors really. Even in China, exports only make up 36% of our GDP.

Oh yeah of course trade surplus are not indicative of economic growth. Thanks for the explanation though. As you mentioned, the GDP is a complex combination of internal as well as external economic factors and has a lot to do with domestic production and consumption.
You seem to be an economic expert

 

[Chinese-Dragon]

But Taiwan was expected if you consider their semiconductor manufacturing prowess and all electronics would need a few chips at the least. Wonder what are the items of import that cause such a large deficit with Japan and South Korea. Are they technology and heavy industrial items?

Any insights of how Pakistan can reduce its trade deficit? I mean what are the main products imported to China from Pakistan?

Taiwan and Japan are great at manufacturing high-value products. Taiwan especially, has cornered the market on microprocessors, and has some really great brand names like Asus and HTC.

China is starting to move up the value chain however, so the deficit with Taiwan/Japan etc. will go down in the future.

As to how Pakistan can reduce its trade deficit, the best thing to do, is to export "value-added" products, rather than raw materials. Manufactured products and "Services" for example, both have a lot of value-added.

But as before, having a deficit is not a big problem if you have a lot of internal consumption. Internal consumption is a great way to drive economic growth, and it is less vulnerable to external shocks like the credit crunch.

 

[PakSher]

Th thread is about Pakistan China strategic relations, that will be further strengthened in the years to come. Though US is our largest trading partner, but we would like to double our trade with China to $15 billion from $7.2 billion at the moment. Long Live Pakistan-China friendship.

A note for Indians dismantle the puppet exile Government of Tibet in India, if you want to get along with your neighbors and stop killing innocent people in Kashmir.

 

[mughaljee]

any news, what kind of new ties we are building ?

 

[cloneman]

any news, what kind of new ties we are building ?

No clue so far,waiting for the offical news.BTW,whats wrong with the Indians here? Jumping up and down in every threads.

 

[Asian.Century]

'Sino, Pak economic, diplomatic relations to touch new heights'

QINDAO: Deputy Director General of Standing Committee Qindao People's Congress, Xu Hang has said that China and Pakistan enjoy cordial friendship, saying Sino-Pak economic and diplomatic relations would be taken to new heights with the passage of time.

He was talking to a delegation of Young Parliamentarians Forum (YPF) from Pakistan, which called on him here the otherday. The parliamentary delegation headed by secretary generation of the young parliamentarians Anusha Rehman Khan comprising of Nadeem Afzal Gondal, Lal Chand, Asgar Ali Gatt, Sajid Hussein Turi, Saima Bharwana, and Sabeen Rizvi.

The Chinese official said that Qindao enjoy economic and trade relations with Pakistan and the companies of the region are carrying businesses in Pakistan.

He partiuclarly referred to Haier Group that has established unit in Lahore and has provided employment to 1500 Pakistanis. He said that Qindao has made remarkable development during last 27 years and is the economic hub of the Eastern China.

He said that Haier and Double Star and several other companies are manufacturing branded products.

He said that the city due to historic and cultural back ground attracting massive international tourists. He said that Olympics 2008 were played in the city.

The main exports of the city to Pakistan, he said are including textile products, chemicals, automobiles, rubber tiers, electronics and other goods while Pakistan also export textile to it.

The trade volume of the region with Pakistan is $100 million having the ratio of 78:22. He said that the business groups of the region have invested $60 million in Pakistan.

Earlier, speaking on the occasion, the head of parliamentary delegation, Anusha Rehman Khan congratulated the Chinese host in Qindao on the celebrations of the 60 anniversary of Sino-Pak Friendship and 90 anniversary of the Communist Party of China (CPC).

She said that the good relations between Pakistan and China have century’s old history when the people of the region with carrying trade through Silk Route, now called as Karakurram Highway.

She said that the people of Pakiskan are happy over the remarkable pace of development in China and keen in its further progress and development.

The delegation visited Haier Group and QindaoPort.

The officials of the group and port warm welcome to the delegation on arrival and given them presentation regarding their working and achievements.

Copyright APP (Associated Press of Pakistan), 2011

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