China, Pakistan vow to carry forward momentum of bilateral ties

Rising Kashmir

The creation of the China-Pakistan Economic Corridor (CPEC) has no relevance to the Indian-Pakistani territorial dispute and will not influence China's stance on Kashmir, the Chinese Foreign Ministry spokesman, Lu Kang, said on Thursday.

"During the visit, the two sides have made it clear in principle that the Chinese government will provide necessary support and assistance to Pakistan in tiding over its current economic difficulties", Chinese foreign vice-minister Kong Xuanyou told reporters after Li and Khan's meeting.

And despite Pakistan's looming balance of payments crisis, Kong said there were no plans to scale back the China-Pakistan Economic Corridor (CPEC), although he did say it would be altered somewhat to "tilt in favour of areas relating to people's lives".

He said that China's phenomenal success in the last forty years that resulted in socio economic uplift of the people offers a great example for developing countries.

"Khan has posited that Chinese and Saudi financial assistance will reduce the amount Pakistan needs to borrow from the International Monetary Fund, mitigating Pakistan's susceptibility to the United States demands that its CPEC debt be transparent". He congratulated them on the 40th anniversary of "Reform and Opening-up", which has led to China's meteoric rise.

The prime minister emphasised that President Xi's vision of connectivity - Belt and Road, and its flagship project CPEC, would translate into a win-win for shared prosperity in the region and beyond.

Khan, who met Chinese President Xi Jinping on Friday, is understood to have sought financial help for Pakistan which is in dire straits due to the ballooning foreign debt. He said no other nation in human history had been able to achieve this success.

He said that the main goal of his party and the government was to take people of Pakistan out of poverty as half of the population in the country was either on or under the poverty line. Malaysian Prime Minister Mahathir Mohamad halted a few Chinese projects after coming to power this year, while Myanmar's Planning and Finance Minister Soe Win told Nikkei in July that his government would demand that plans for a new port be "slimmed down".

The two leaders assisted by their cabinet members held talks at the Great Hall of the People in Beijing on Saturday.

The two leaders agreed to continue furthering cooperation on issues of regional and global significance.

He stressed that China and Pakistan, as all-weather strategic cooperative partners, have a high level of political mutual trust and close cooperation in various fields, firmly supporting each other on matters that concern their core interests.

They reviewed the progress on CPEC, expressed satisfaction on its achievements, and vowed for its early completion to maximise the benefits for Pakistan.

The prime minister appreciated the crucial role of CPEC in Pakistan's economic growth and prosperity.

The Prime Minister assured maximum facilitation to the Chinese business companies for doing business in Pakistan.

On the occasion, an official welcome ceremony was held in honour of the prime minister. Guard of honor was presented to the prime minister.

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