TRANS ASIA NEWS BEIJING/ CHINA: In a move being viewed as Beijing’s attempt to increase its influence in Asia, the Chinese President Xi Jinping is travelling to Pakistan where he is expected to announce $46billion of investment. On his two-day state visit to Pakistan Xi will loosen his purse to building a China-Pakistan Economic Corridor (CPEC), running from Gwadar in Pakistan's Balochistan province to China's western Xinjiang region. Pakistan transferred control over Gwadar to a Chinese public company in 2013. The CPEC also included plans to create a road, rail and oil pipeline links which would shorten the distance from China to the Middle East. Speaking with Reuters news agency, Mushahid...
↧