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CMB Contract Is The Largest Foreign Investment In Chinese History.

2015/4/17 20:57:00 91

Foreign InvestmentChinaPakistan

It is reported that Xi Jinping will arrive in Pakistan on Monday, but many details remain to be announced.

The "China Pakistan Economic Corridor" is a reflection of China's new expansive diplomatic strategy, and also a consideration of China's economic and security issues.

"This will change the rules of Pakistan's game,"

Pakistan

Ahsan Iqbal, Minister of planning department, said that Pakistan could establish ties with China through the Central Asian and South Asian markets.

"If we become a bridge between the three growth engines, we will develop an economy group of about 3 billion people, which accounts for almost half the population of the world."

China is witnessing a historic opportunity to redraw the geopolitical map by building important infrastructures.

China can quickly open up economic growth and open up new trade routes between China and South Asia.

The project is based on the Gwadar Port in Pakistan. It is a warm water port operated by China in the Middle East port.

Once more than 46 billion dollars of the "China Brazil economic corridor" contract is signed, it will become China's largest single investment in overseas countries.

The plan is to create a corridor from Northwest China to Pakistan's Gwadar Port in more than 2000 miles in 15 years.

The corridor includes highways, railways and natural gas pipelines spanning Pakistan.

  

Chinese side

And Pakistani officials said the corridor will eventually connect to other countries, thereby promoting trade prosperity in East Asia.

China calls the China Brazil economic corridor "flagship project" of the "one belt and one way plan", because the corridor connects China with the huge Eurasian market.

Chinese Foreign Minister Wang Yi described the project very visually: "if so,"

The Belt and Road Initiative

It is a symphony that benefits many countries, so the Sino Pakistani economic corridor is the sweet opening song of this symphony.

Based on the new coal fired power plant, most of the projects will provide electricity to the energy deficient Pakistan.

Pakistan is often forced to suspend production due to insufficient power supply. Factories are forced to suspend production and residents' lives will be inconvenient.

Sheriff, Prime Minister of Pakistan, promised to solve the power crisis in his 2013 election campaign.

According to the project plan, 10400 megawatts of electricity will be added to Pakistan by 2018, and the cost will be 15 billion 500 million US dollars.

If these projects are delivered, Sheriff will be proud to announce that he has fulfilled his promise in the 2018 election.

After 2018, the above projects will further increase 6600 megawatts of electricity, with an additional cost of US $18 billion 300 million.

The cumulative new power generation capacity will double the existing electricity output in Pakistan.

Since China's president Xi Jinping proposed the construction of the Silk Road Economic Belt, the plan has received policy support and new sources of funding.

Despite China's ambition, American officials say that the new economic strategy and Washington's East Asian plan complement each other.


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