China cautious on Saudi investment plan for Pakistan
Monday - October 8, 2018 6:26 pm ,
Category : BUSINESS
China cautious on Saudi investment plan for Pakistan
Beijing Oct 8 (IANS) China on Monday said the China-Pakistan Economic Corridor (CPEC) is an open and transparent project and contribution by any country to the initiative will be a "positive factor".
"Such cooperation has always been open and transparent. If any other party will like to contribute positive factors to promote the inter-connectivity and prosperity of the region on the basis of consultation I think this is a positive factor " Chinese Foreign Ministry spokesperson Lu Kang said.
He was reacting to Islamabad s announcement that Saudi Arabia will join the CPEC as a third partner only to retract and say that Riyadh will invest in Pakistan and not in the project.
"As for the specifics I have no information " Lu added.
India is opposed to the CPEC -- the mainstay of Chinese-funded Belt and Road Project -- as the initiative has been planned to be built through disputed Kashmir area claimed by Delhi but administered by Islamabad.
--IANS gsh/tsb/mr
"Such cooperation has always been open and transparent. If any other party will like to contribute positive factors to promote the inter-connectivity and prosperity of the region on the basis of consultation I think this is a positive factor " Chinese Foreign Ministry spokesperson Lu Kang said.
He was reacting to Islamabad s announcement that Saudi Arabia will join the CPEC as a third partner only to retract and say that Riyadh will invest in Pakistan and not in the project.
"As for the specifics I have no information " Lu added.
India is opposed to the CPEC -- the mainstay of Chinese-funded Belt and Road Project -- as the initiative has been planned to be built through disputed Kashmir area claimed by Delhi but administered by Islamabad.
--IANS gsh/tsb/mr
