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Monday, March 10, 2025

China’s Growth Benefits Global South: Pak Envoy

Beijing (TDI): China’s economic growth and prosperity would deliver more benefits to nations in the Global South, when China prospers, the Global South does as well, Pakistan Ambassador to China Khalil Hashmi said.

In a recent interview with Chinese media, the ambassador shared his perspectives on the hot topics discussed during China’s “two sessions” and stressed the positive impact of China’s economic ascendancy on the developing world.

China’s gross domestic product (GDP) grew 5% year on year in 2024, meeting the annual target and contributing about 30% to global economic growth.

The envoy emphasized that China’s economic growth has brought more opportunities for developing nations.

He also lauded China’s firm commitment to sharing its development benefits with other nations.

He stressed the concept of building a community with a shared future for mankind, along with the Belt and Road Initiative (BRI) and the Global Development Initiative, are concrete manifestations of Beijing sharing development opportunities with the world.

Hashmi also underlined China’s continuous drive for high-standard opening-up.

The policy was attracting foreign investment into China and bringing new opportunities for mutually beneficial trade, he said.

Read More: China Rolls Over $2b Loan to Pakistan

The ambassador highlighted the crucial role of technology. Referring to new quality productive forces, he said that technology, particularly in the realm of green and digital advancements, would be pivotal in shaping future policies and discussions.

Regarding bilateral ties, the envoy hailed the strong partnership between Pakistan and China, describing them as all-weather friends and unique partners.

He said that in recent years, the two nations have scored remarkable achievements in aerospace collaboration and within the framework of the BRI.

Read More: PM Shehbaz Congratulates China on Successful ‘Two Sessions’

In particular, the China-Pakistan Economic Corridor (CPEC), a flagship project of the BRI, has undergone notable progress in transportation and energy infrastructure construction, he added.

Noting that next year marks the 75th anniversary of the establishment of diplomatic relations between China and Pakistan, the envoy called on the two sides to deepen bilateral exchanges and cooperation in different fields and for an even closer relationship in the foreseeable future.

China

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