BEIJING
\nA project to recycle aluminum recently began a trial run in Pakistan and Chongqing, southwest China, China Economic Net (CEN) reported on Wednesday.
\nThe project was initiated by the aluminum working committee of Trade and Economic Multifunctional Platform for SCO countries (SCO TEMP).
\nThe committee\u2019s member units have established an entity in Chongqing Lianglu-Guoyuan Port Comprehensive Bonded Zone (CBZ) and have also set up an overseas industrial park in Pakistan.
\nWith an investment of approximately RMB 5.5 billion, the industrial park in Pakistan will be equipped with an advanced manufacturing system. Raw materials purchased from the global market will be processed in the park.
\nAccording to Hu Kaiqiang, Director General of SCO TEMP, this will create job opportunities, generate tax revenue, and enhance international trade for Pakistan in the future.
\nIn addition, the processed materials will be sold in the international market or exportedto Chongqing CBZ.
\nThe Chongqing entity will utilize its local manufacturing expertise to process the imported materials into high-value-added products and distribute them in the global market, Hu added.
\nThe initiative benefits from China-Pakistan Economic Corridor, as well as Pakistan\u2019s industrial base, preferential policies, port and logistics services, and relatively low costs, according to Hu.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING A project to recycle aluminum recently began a trial run in Pakistan and Chongqing, southwest China, China Economic Net (CEN) reported on Wednesday. The project was initiated by the aluminum working committee of Trade and Economic Multifunctional Platform for SCO countries (SCO TEMP). The committee\u2019s member units have established an entity in Chongqing Lianglu-Guoyuan […]<\/p>\n","protected":false},"author":2,"featured_media":363631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-381492","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n