Mushahid lauds China for achieving economic miracles within 25 year time

Rafia Haider

BEIJING, June 19, (APP): Senator Mushahid Hussain Sayed,
Chairman, Parliamentary Committee for the China Pakistan Economic
Corridor (CPEC) has paid glowing tributes to the Communist Party of China (CPC) for achieving an economic miracle by lifting out one whole generation, comprising no less than 600 million, out of poverty within 25 years’ time.

In an interview to Central China Television Network (CCTV
News) on the eve of fast approaching 95th anniversary of the founding of CCP, he said turning the country into the second largest economy of the world within a span of less than three decades is definitely one of the most remarkable economic miralces in the world.

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“Within one generation, 25 years, 600 million people were
lifted out of poverty,” said the senator.

Highly appreciative of the CPC leadership, he said efforts
to promote bilateral ties since the founding of Peoples Republic of China reflected their farsightedness as it brought a positive impact to regional affairs.

The Chairman, Parliamentary Committee for the China Pakistan
Economic Corridor with specific reference to Pak China relationship
said the relations have expanded rapidly over the years, however
since the 46 billion US dollars worth of infrastructure spending
plan announced by President Xi Jinping, a significant hike has been registered in Chinese investment.

Foreign direct investment from China was 1.88 billion US dollars
in 2014 and 1.3 billion dollars in 2013, he said mentioning that CPEC is a centerpiece of Beijing’s Belt and Road Initiative, meant to open new trade and transport routes across Asia.

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CPEC, he said is equally aimed at addressing the issue of energy shortage, coupled with varied levels of industrialization, infrastructure development in Pakistan with optimum attention towards economic
empowerment of the people of Pakistan.