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Sunday, December 19, 2010

China, Pakistan ink trade deals during Wen’s visit

China, Pakistan ink trade deals during Wen’s visit

ISLAMABAD: With 13 agreements already signed, Pakistan and China were expected to ink additional economic deals worth billions more Saturday, the second day of a rare visit by Chinese Premier Wen Jiabao to this impoverished, conflict-ridden nation.

The two nations also stressed the importance of cultural exchange by inaugurating a new center dedicated to what Islamabad calls their ”all-weather” friendship.
China is Pakistan’s closest friend in Asia, giving Islamabad military aid and technical assistance, including nuclear technology. Crucially, most Pakistanis view China as an ally that, unlike Washington, doesn’t make demands for its assistance.
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.

 

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