Pak American Society Usa.President Shamsuszaman

BEIJING, Feb. 28 (Xinhua) -- China's takeover of the Gwadar port in Pakistan represents an economic maneuver that is in line with the interests of the two countries, a military spokesman said Thursday.

Pakistan handed the management of the port over to China Overseas Holdings Limited on Feb. 18, leading some foreign media to speculate that the port could be used by the Chinese military.

"These comments have distorted the facts and disturbed relations between China and surrounding countries," Ministry of National Defense spokesman Geng Yansheng said at a press briefing.

Luo Zhaohui, an official from the Ministry of Foreign Affairs, also said the takeover has highlighted the progress made by both sides and will be conducive to building mutually beneficial cooperation.

"Chinese enterprises have contracted many other similar projects, such as the Karakoram Highway," Luo added. Enditem

GWADAR NEWS

China's takeover of Gwadar port mutually beneficial: spokesman
BEIJING, Feb. 28 (Xinhua) -- China's takeover of the Gwadar port in Pakistan represents an economic maneuver that is in line with the interests of the two countries, a military spokesman said Thursday.

Pakistan handed the management of the port over to China Overseas Holdings Limited on Feb. 18, leading some foreign media to speculate that the port could be used by the Chinese military.

"These comments have distorted the facts and disturbed relations between China and surrounding countries," Ministry of National Defense spokesman Geng Yansheng said at a press briefing.

Luo Zhaohui, an official from the Ministry of Foreign Affairs, also said the takeover has highlighted the progress made by both sides and will be conducive to building mutually beneficial cooperation.

"Chinese enterprises have contracted many other similar projects, such as the Karakoram Highway," Luo added. Enditem

Thursday, February 21, 2013

‘Chinese investment in Gwadar Port purely economic’

ISLAMABAD: Chinese investment in the Gwadar Port is purely economic, said Hu Xijin Editor-in-Chief of the Global Times on Wednesday. Speaking at a roundtable organised by the Institute of Regional Studies (IRS) on Pak-China relations with the editorial staff of Global Times he siad China would make all the necessary investments in the Port to make it fully operational to support Chinese trade with West Asia, especially the trade between western part of China and that part of the world. China considers Pakistan an important friendly neighboring country and Chinese investors want to invest in projects in Pakistan. Some Chinese investors are apprehensive about the security situation in Pakistan. He said China would keep supporting the reconstruction of Afghanistan post-2014. China does not want to undertake projects in any country that are opposed by the host communities. Responding to a question about the imbalance in trade of China with Pakistan, Hu said China was a free market economy where the government could not dictate to the companies to import products from other countries if they were not market competitive. Ashraf Azim President of IRS pointed out Indian concerns about the use of Gwadar Port, as a naval base was completely baseless. staff report

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