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Home » IANS » China cautious on Saudi investment plan for Pakistan

China cautious on Saudi investment plan for Pakistan

By IANS
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Beijing, Oct 8 (IANS) China on Monday said the China-Pakistan Economic Corridor (CPEC) is an open and transparent project and contribution by any country to the initiative will be a “positive factor”.

“Such cooperation has always been open and transparent. If any other party will like to contribute positive factors to promote the inter-connectivity and prosperity of the region on the basis of consultation, I think this is a positive factor,” Chinese Foreign Ministry spokesperson Lu Kang said.

He was reacting to Islamabad’s announcement that Saudi Arabia will join the CPEC as a third partner, only to retract and say that Riyadh will invest in Pakistan and not in the project.

“As for the specifics, I have no information,” Lu added.

India is opposed to the CPEC — the mainstay of Chinese-funded Belt and Road Project — as the initiative has been planned to be built through disputed Kashmir area claimed by Delhi but administered by Islamabad.

–IANS
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(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
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