CPEC Pakistan China News: China Vice Premier Arrives To Mark 10 Years Of CPEC & Discuss Belt And Road Initiative
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Leifeng was given the responsibility of looking after China’s economy in the month of March. He Leifeng has been the chief executive of China’s economy for 5 years. He has played a major role in China economic relations and the implementation of BRI around the world. He has also played a very important role in the planning and implementation of the CPEC project in Pakistan from 2017 to 2023. Being close to Xi Jinping, Pakistani ministers started a grand welcome from the airport itself.
China invested $ 30 billion
Meanwhile, very tight security arrangements have been made in Pakistan’s capital Islamabad. The local administration has declared a holiday on 31st and 01st August. China has invested $30 billion in the last 10 years, ranging from energy to infrastructure. Earlier, sensing the move of China, the Imran Khan government had pulled back from CPEC. Due to this, the second phase of CPEC could not start. Now after the coming of the Shahbaz government, China’s CPEC has started getting a boost once again.
At the same time, China has also given many bailout packages to Pakistan which is on the verge of default. Many loans have been deferred for the next two years. The Chinese leader’s visit is taking place at a time when the geopolitical situation in the world is changing rapidly. It is being told that apart from CPEC, talks are also to be held regarding Xi Jinping’s visit to Pakistan during this visit.
America’s eye on Chinese leader’s visit
Earlier, Pakistan wanted Xi Jinping to come for this program of CPEC but he refrained from coming. Now Xi Jinping is expected to visit Pakistan after the elections. Pakistan is strengthening its relations with China despite America’s opposition and this is the reason why western countries are also keeping an eye on this visit. Pakistan is getting loan with the help of America but in future it intends to go with China.
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