Political consensus essential for fully exploiting CPEC's potential: China

Image
ANI Beijing [China]
Last Updated : Sep 11 2016 | 11:32 AM IST

Vice Minister of the International Department of the Communist Party of China, Zheng Ziaosong, has stressed that political consensus is essential for fully exploiting the potential of the China-Pakistan Economic Corridor (CPEC).

Zheng made this remarks during his meeting with the visiting delegation of the Pakistan People's Party (PPP) in Beijing.

"Political consensus coupled with unanimity in approach is essential to draw the maximum benefits from this mega project which is a game-changer for the region," the Express Tribune quoted him as saying.

Zheng was of the opinion that more than 50 countries will benefit from this $46 billion project.

Asserting that national unity is required, especially on projects like CPEC, he said, "In China there is one-party rule; however, in Pakistan, things are different. I don't want to sound critical of the Pakistani political arrangement - I just want to imply that there are more chances of political division when there are multiple political parties."

Meanwhile, PPP vice-president Senator Sherry Rehman, who is leading the delegation, responded that CPEC would be a valuable addition in the joint ventures taken by the two countries, adding the project will have far-reaching and positive implications for the region.

"Pakistan is fully committed in providing foolproof security to Chinese nationals in general and especially those who have been assigned to the CPEC," she added.

Considered a part of China's One Belt, One Road initiative, the CPEC covers Balochistan and Sindh provinces and Pakistan-occupied Kashmir.

The Baloch activists, who have been protesting against the project, say that CPEC is causing much damage to the environment and would not benefit the people of the region but alleged that Balochistan's abundant resources are being diverted for Pakistan's most populous province Punjab.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 11 2016 | 11:32 AM IST

Next Story