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China to set up steel factory at Gwadar-- The 18th China(Guangzhou) Int¡¯l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
12/21/2016 plate metal expo-wire expo |
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APP reported that acting Chinese Ambassador to Pakistan, Zhao Lijian said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor framework.
Mr Zhao Lijian while addressing participants of a day-long conference on CPEC: Potential and Prospects organized by Strategic Vision Institute said that ¡°Both China and Pakistan would very soon sign an agreement to establish the steel factory, three times bigger than the free economic zone being set up in Gwadar city.¡±
He said, industrial cooperation was the forth pillar of CPEC initiative and both the country would discuss it in the next meeting of Joint Cooperation Committee (JCC) of CPEC to be held in Beijing this month.
He added that ¡°After completion of energy projects, transport infrastructure and development of Gwadar Port, industrial cooperation between China and Pakistan will be the main topic at the next JCC.¡±
Mr Zhao Lijian informed that China was working a lot for the development of Gwadar Port which was built with the Chinese government¡¯s assistance.
He said, after completion, the port was handed over to Singapore but there was no improvement even after passage of five years.
-- The 18th China(Guangzhou) Int¡¯l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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