China’s Belt, Road Ini­tia­tive serves eco­nomic in­ter­ests of Pak­istan: Xi

Pakistan Observer - - ECONOMY WATCH -

BEIJING—Pres­i­dent Xi Jin­ping has promised that China is look­ing to serve the long-term in­ter­ests of Pak­istan and other coun­tries in­volved in the Belt and Road Ini­tia­tive.

Pres­i­dent Xi made the re­marks at a group study at­tended by mem­bers of the Po­lit­i­cal Bureau of the Com­mu­nist Party of China (CPC) Cen­tral Com­mit­tee on the his­tory of the Silk Road and Mar­itime Silk Road.

“The Belt and Road though ini­ti­ated by China, about China,” he said.

“I hope peo­ple in all coun­tries along the Belt and Road will ac­tu­ally feel the ben­e­fit brought by the ini­tia­tive.”

The Belt and Road Ini­tia­tive, which com­prises the Silk Road Eco­nomic Belt and the 21st Cen­tury Mar­itime Ini­tia­tive, is not only Silk Road, was brought up by Xi in 2013, with the aim of build­ing a trade and in­fra­struc­ture net­work con­nect­ing Asia with Europe and Africa along the an­cient Silk Road routes.

The ini­tia­tive cov­ers about 4.4 bil­lion peo­ple in more than 60 coun­tries, or 63 per­cent of the global pop­u­la­tion.

It aims to boost not only China’s de­vel­op­ment but also that of other coun­tries, Xi said.

“While tak­ing care of our own in­ter­ests, we will give more con­sid­er­a­tion and care to the in­ter­ests of other coun­tries,” he said.

He also urged Chi­nese com­pa­nies to value not only eco­nomic re­turns from their in­vest­ment pro­jects in for­eign coun­tries but also their rep­u­ta­tions as law-abid­ing and re­spon­si­ble en­ti­ties.—INP

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