Pak-China Economic corridor is of immense importance for revival of Pakistan's economy: Mushahid

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Source : Business Recorder    Date : 23-09-2014   

ISLAMABAD: Chairman of Pakistan-China Institute, Senator Mushahid Hussain Sayed said on Tuesday that the Pakistan-China Economic Corridor is of immense importance for the revival of Pakistan's economy, resolution of energy crisis and strengthening the Federation through development and infrastructure.

He was exchanging views with a delegation of Chinese journalists from the renowned Chinese newspaper, the People's Daily, which is the official organ of the Communist Party of China.

"After World War II, we saw a world dominated by Western powers but with this 21st century, the balance of economic, cultural and political power is shifting from the West to Asia, with the peaceful rise of China as a pillar of strength for Asian countries, particularly Pakistan'.

Senator Mushahid said a Greater South Asia, is now emerging which includes China, Myanmar, Iran and Afghanistan, this Greater South Asia is being woven together by cooperation in economy, energy, roads, rails, ports and pipelines, adding that the emergence of the Asian Infrastructure Investment Bank, with an outlay of $ 100 billion, would be an Asian alternative to the Western financial system.

He said relations with China were a factor of national unity in Pakistan since all political parties and provinces supported it, while Pakistan has always backed China in its 'core interests' including China's unity and territorial integrity, leading role of the Communist Party in China, China's peaceful rise and issues like Taiwan, Tibet and terrorism in Xinjiang, and strongly opposes any policy of 'containment of China' as Asia cannot afford a New Cold War.