China to Invest $1.3 trillion in Belt & Road Initiative – Research Snipers

China to Invest $1.3 trillion in Belt & Road Initiative

China

Chinese scholar Dr. Zhang Yifeng said that China is aiming to invest $1.3 trillion in Belt and Road Initiative (BRI) by the year 2027. This would be the largest investment by any state that will help boost the connectivity in the region.

He was addressing at a seminar named “CPEC: An overview of current developments” held under the sponsorship of Muslim Institute.

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He said that the China-Pakistan Economic Corridor (CPEC) has become a gateway to connection, cooperation and communication by linking Western China with Pakistan. Further adding that China has entered into an era of geo-economic cooperation with Pakistan. The countries plan to boost bilateral trade to $20 billion from $12 billion.

The people who spoke on the occasion included Prof Zamir Ahmed Awan from National University of Science & Technology (NUST) Islamabad, Chartered member of Institute of Logistics & Transportation UK Dr Hassan Yaser Malik, Defence analyst Brig ® Asif Haroon Raja, Muslim Institute Chairman Sahibzada Sultan Ahmad Ali, Former Islamabad Chamber of Commerce President Zafar Bakhtavri and Institute of International Relations, Shanghai Academy of Social Sciences, China Deputy Director Dr Li Kaisheng.

Dr Zhang said, “BRI provides Pakistan and the surrounding countries a great opportunity by giving an integrating platform for over three billion people in Central, West, South Asia as well as the Middle East and Africa.”