INP
\nBEIJING
\nPakistan is among the top, taking benefit of the Belt and Road\u2019s initiative (BRI), as the trade and business activities have taken major jump in the recent years at the bilateral and regional level, officials said here.
\nThe China-Pakistan Economic corridor (CPCE) that is the pilot and major project of the BRI paves the way strengthening the two countries\u2019 socio-economic partnership in almost all areas of bilateral interest.
\nLast year, trade volume between China and countries along the Belt and Road including Pakistan amounted to $1.1 trillion, up 14.8 percent year-on-year, which is 3.4 percentage points higher than the growth of the country\u2019s total foreign trade, said Chinese Minister of Commerce Zhong Shan.
\nThe Belt and Road initiative, proposed by Chinese President Xi Jinping in 2013, refers to building a Silk Road Economic Belt and the 21st Century Maritime Silk Road.
\nOver the past five years, the initiative has been positively echoed by over 140 countries and regions, and fruitful cooperation achievements have been yielded under its framework, Zhong told the press conference held on the sidelines of the first session of the 13th National People\u2019s Congress.
\nPraising a more diversified investment portfolio, the minister said that China has altogether invested over $60 billion to on-route countries in various sectors such as agriculture, manufacturing and infrastructure.<\/p>\n
He pointed out that a group of big projects are making steady progress as well, including the construction of railways, expressways and ports, cooperation programs on energy and resources and the operation of manufacturing projects.<\/p>\n
China has established 75 zones for economic and trade cooperation in countries along the routes, with a total investment of more than $27 billion, Zhong said.<\/p>\n
The minister said the Belt and Road should be built into a road of peace, prosperity, opening up as well as innovation, and one that connects different civilizations.<\/p>\n
For the next step, the ministry will launch new cooperation platforms including the first China International Import Expo, build major investment and foreign aid projects and make them well received like \u201cshiny pearls along the Belt and Road,\u201d the minister pledged.<\/p>\n
China will also facilitate e-commerce through big data, promote the liberalization and facilitation of trade and investment along the Belt and Road and implement major foreign aid projects, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
INP BEIJING Pakistan is among the top, taking benefit of the Belt and Road\u2019s initiative (BRI), as the trade and business activities have taken major jump in the recent years at the bilateral and regional level, officials said here. The China-Pakistan Economic corridor (CPCE) that is the pilot and major project of the BRI paves […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-25501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n