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

China cautious on Saudi investment plan for Pakistan

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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.


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