{"id":6958,"date":"2010-12-18T03:12:34","date_gmt":"2010-12-18T03:12:34","guid":{"rendered":""},"modified":"2010-12-18T03:12:46","modified_gmt":"2010-12-18T03:12:46","slug":"China-Pakistan-ink-trade-deals-during-Wen-s-visit-","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=6958","title":{"rendered":"China, Pakistan ink trade deals during Wen’s visit"},"content":{"rendered":"

Pakistan and China signed nearly two dozen private sector deals worth billions Saturday, <\/strong>the second day of a rare visit by Chinese Premier Wen Jiabao to this impoverished, conflict-ridden ally. <\/p>\n

Including government deals inked Friday, the two sides have agreed to 35 new pacts expected to bring up to $30 billion dollars of investment to Pakistan over the next five years,<\/strong> Islamabad said.<\/p>\n

China is Pakistan’s closest friend in Asia, giving Islamabad military aid and technical assistance, including nuclear technology. <\/strong>Crucially, most Pakistanis view China as an ally that, unlike Washington, doesn’t make demands for its assistance.<\/p>\n

But Beijing is hardly left empty-handed from its ties with Pakistan, which serves as a close, cheap source of natural resources to fuel its growing economy.<\/p>\n

Wen wraps up his trip, the first by a Chinese premier in five years, on Sunday with a speech to the Pakistani parliament.<\/p>\n

SOURCE<\/a>
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