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China to help Pakistan avert fiscal crisis, 'more talks needed'

China to help Pakistan avert fiscal crisis, 'more talks needed'”

India on Wednesday said it has lodged strong protests with China and Pakistan over the proposed bus service between the two countries through Pakistan-occupied Kashmir (PoK) under the so called "China-Pakistan Economic Corridor" or "CPEC" project. "No other nation has held so many powerful people accountable for corruption in the last five years", he said, and added that his government and party wanted to learn from China in this area also because white collar crime was very hard to detect.

Without specifically referring to the Kashmir issue, China on Sunday backed Pakistan for trying to resolve "outstanding issues" with India through dialogue, and appeared to support Islamabad on two other key topics - the expansion of the Nuclear Suppliers Group (NSG) and counter-terrorism.

Cheng Xiaohe, deputy director of the centre for worldwide strategic studies at Renmin University, said China would offer economic assistance, but it was the Pakistan government's responsibility to tackle its economic problems.

This is Prime Minister Imran Khan's first official visit to China on the invitation of President Xi Jinping.

Beijing has maintained the CPEC projects are economic ventures and not targeted against "any third country", meaning India.

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Pakistan's leader Imran Khan is in China to get cash for his country's ailing economy.

Pakistan has taken out billions of dollars in loans from China in recent years for infrastructure projects, the terms of which remain largely undisclosed.

In his remarks, the Chinese premier expressed his desire to work closely with Prime Minister Imran Khan to further strengthen the all weather strategic partnership for shared future. "It gives us an opportunity to raise our standard of living, growth rate".

The entire gamut of Pak-China strategic relations would be discussed during the meeting.

President Xi congratulated Prime Minister Khan on his election and assumption of the office.

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"On counter-terrorism, Beijing conveyed its "...support to Pakistan's commitment and efforts to counter terrorism, assured Pakistan of its support in implementing its counter-terrorism strategy, and commended the tremendous sacrifices made by the Pakistani nation in fight against terrorism and for Pakistan's huge contribution to regional and worldwide peace and security through its achievements and successes".

"China strongly believes that CPEC projects bring greater stability to both Pakistan and China". He said white collar criminals are a huge problem, because it is easy to catch petty thieves but white collar criminals hire expensive lawyers and become a huge problem. "In this context, China supports Pakistan's engagement with the NSG and welcomes its adherence of NSG Guidelines", it added.

Earlier, on arrival at the Great Hall of the People, the Chinese Premier accorded warm welcome to Prime Minister Imran Khan.

The premier is accompanied by Minister for Planning Khusru Bakhtiar, Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar, Railways Minister Sheikh Rashid Ahmed, Adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razzak Dawood, and Chief Minister of Balochistan Jam Mir Kamal on his trip.

The meeting was held in a spirit of mutual understanding, longstanding friendship, and close cooperation.

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