Fatemi terms Pak-China economic corridor as vital for economic development of region

September 15, 2014 Off By Web Desk

Islamabad: Special Assistant to Prime Minister on Foreign Affairs Tariq Fatemi has said the landmark China-Pakistan Economic Corridor is China’s overall vision for the development in the region and it will improve economic development of the entire region.

Addressing a seminar on “The Changing Dynamics of Global Power Structures and the Role of China” organized by Sustainable Development Policy Institute, Tariq Fatemi said CPEC will be a transformative project in the context of Pak-China relationship.

He said the project represented the two government’s common desire to put economic cooperation and people-centric development at the centre of bilateral agenda.

The Special Assistant said that despite its meteoric economic development, China continues to adhere to the principles of “peaceful development and coexistence”.

On the global stage, he said, China is a strong supporter of multilateralism and playing a key role at fora like United Nations, G-20 and Shanghai Cooperation Organization, besides being a responsible stakeholder in the international financial order.

Fatemi said that Chinese President Xi Jinping has presented the “Chinese Dream of National Rejuvenation” as the signature theme for his presidency.

The phrase underlines the determination of the Chinese leadership to continue on the path of economic development and reform.

The Special Assistant described China’s economic rise as an enormous opportunity for developing countries around the world.

He said Chinese assistance has been crucial to the socio-economic development of Asia, Africa and Latin America, especially as China has made “win-win cooperation” on the basis of its engagement with developing countries.

He said President Xi’s vision of a “Silk Road Economic Belt” and a “21st Century Maritime Silk Route” spanning Eurasia symbolize China’s concept of economic connectivity for the region.

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