Xi’s global development vision receives praise

Country’s efforts to raise international cooperation, vaccine equity recognized

At a high-end forum on Sunday, world leaders and senior officials of international organizations hailed President Xi Jinping’s recently proposed Global Development Initiative as well as China’s remarkable contribution to the world’s sustained growth amid the COVID-19 pandemic.

Xi proposed the initiative while addressing the general debate of the 76th Session of the United Nations General Assembly on Tuesday via video link.

He called on the international community to accelerate implementation of the UN’s 2030 Sustainable Development Goals for more robust, greener and balanced global development, and fostering a global community of development with a shared future.

The initiative embraces a people-centered concept, follows practical cooperation and advocates the spirit of open and inclusive partnership, State Councilor and Foreign Minister Wang Yi said in a video speech to the Sustainable Development Forum 2021 in Beijing on Sunday. “This major initiative has set out a blueprint for the development of countries and international development cooperation, and pointed the way forward for global development and international development cooperation,” he said.

Wang announced at the forum that China has provided more than 1.25 billion doses of COVID-19 vaccines for the world in honoring its solemn pledge to make Chinese vaccines a global public good.

As the largest developing country, China has always been helping other developing nations and providing development assistance to more than 160 developing countries, he noted.

To advance international development, Wang called on countries to deepen cooperation in fighting COVID-19 to jointly prevail over the challenge, strengthen macro-policy coordination to promote economic recovery and pursue green and low-carbon development.

He also stressed the need to uphold fairness and justice, create an enabling environment for development, safeguard true multilateralism and deepen the global development partnership.

Armida Salsiah Alisjahbana, executive secretary of the UN Economic and Social Commission for Asia and the Pacific, expressed her “appreciation” for Xi’s statement at the UN General Assembly general debate on Tuesday.

Via video link on Sunday, she quoted Xi’s remark that countries must “work together to steer global development toward a new stage of balanced, coordinated and inclusive growth”.

Hailing China’s commitment to implementing the United Nation’s 2030 Agenda for Sustainable Development, she said the “best practices of China on SDG implementation will be very valuable to be shared with other countries as well”.

“And what we learn from the endless efforts of China is that a key enabling factor is cooperation and partnership among countries,” she added.

Norwegian Prime Minister Erna Solberg praised China’s contribution to global vaccination by providing vaccines through COVAX, an international initiative that distributes vaccines to low- and middle-income countries.

She said in a video address that while some countries have vaccinated their populations and are on the path to recovery, others lack vaccines and have weak health systems, which pose serious problems. “We need to ensure vaccines for all, because no one is safe until everyone is safe,” she said.

Solberg also welcomed China’s climate commitments on peaking carbon dioxide emissions before 2030 and reaching carbon neutrality before 2060. Xi announced on Tuesday that China will not build any new coal-fired power projects abroad.

“It is crucial that China reaches its goal of carbon neutrality by 2060. It’s important for China and for the world as a whole,” Solberg said.

At the forum, UN Under-Secretary-General for Economic and Social Affairs Liu Zhenmin also commended China for its strong commitment to the 2030 Agenda for Sustainable Development.

Technology is transforming the world, he said, but over 4 billion people are disconnected from the digital world. He added the world is faced with “a triple planetary emergency: a climate crisis, a nature crisis and a pollution crisis”.

“These crises can only be overcome through solidarity, innovation and transformative change,” he said, noting that countries “must deliver a greener and a more inclusive people-centered future”.

Khuzdar-Kuchlak Road’s Dualization another step towards Prosperous Balochistan

ISLAMABAD, Sept. 27 – In another step towards the prosperity of Balochistan, National Highway Authority (NHA) is launching the dualization work of Khuzdar-Kuchlak Section of National Highway (N-25). 

“Alhamdulillah another milestone achieved. One of the most needed and important roads in Balochistan,” Chief Minister Balochistan Jam Kamal Khan tweeted.  According to Home Minister Balochistan Meer Zia ullah Langau, CM Kamal Khan has laid the foundation for “Emerging Balochistan”, and the dualization of Khuzdar-Kuchlak Section of N-25 is the fulfillment of the Government’s commitment to the people of Balochistan. “We will build a prosperous and emerging Balochistan,” Mr. Langau added.

NHA, Ministry of Communications, has invited e-bidding for the project and is providing an online platform to carry out procurement activities and to ensure efficiency, transparency and accountability in the process. The eligible contractors are taking part in the bidding, which will be closed on September 27.Earlier in May, Central Development Working Party Meeting (CDWP) had approved 15 projects including ‘Dualization of Khuzdar Kuchlak’ section of N-25 with a length of 330.52 km. The project will cost Rs. 81,582,219 million.

People from different walks of life in Balochistan hailed the “most needed” connectivity project that would usher in a new era of development in the province. Muhammad Iqbal, a netizen from Balochistan while reacting to CM Kamal Khan’s tweet, termed the project as a “Great achievement for the people of the area”. According to Shafiq Khan, the development of Balochistan means the development of the whole country. Since the launch of China-Pakistan Economic Corridor (CPEC) in 2015, the Government of Pakistan has given special attention to the development of the historically neglected province of Balochistan. Several joint projects under CPEC and the Government of Pakistan’s own initiatives in the province are overcoming the socio-economic problems of the local population.

Pakistan to enhance bartering trade with China

In a milestone move to boost barter trade with more countries, Pakistani enterprises joined the Cross-border Barter Trade Alliance at the Inaugural Ceremony of Cross-border Barter Trade Alliance (CBTA) and the Cross-border Barter Trade Platform held at China’s coastal city of Qingdao on September 17. Barter is typically known as trading one good or service by one party in return for another good or service from another party without the use of money. The General Administration of Customs of China estimates that the total volume of bartering transactions surpassed USD 130 billion in 2020. According to the International Reciprocal Trade Association (IRTA), a global organization for barter trade, an estimated 65% to 80% of Fortune 500 enterprises have been reported to engage in some form of bartering, and 65% of corporations listed on the NYSE are involved in bartering.  In a similar vein, barter trade also plays a role in Pakistan. According to media reports, Pakistan has exported the surplus wheat and rice to Iran in exchange for sought-after fertilizer and iron ore.  Barter trade between Pakistan and China also holds great promises. “Pakistan is rich in natural resources such as minerals. The country can trade marbles for other goods with China,” said Ms Shao Liying, who conducted business operations in Pakistan for four years before setting up an O2O barter platform in China, in an exclusive interview with China Economic Net (CEN). Mr Wang Hui, Secretary-General of CBTA, says that the Cross-border Barter Trade Platform will tackle the ingrained problems of mismatched information, inadequate laws and regulations, and unregulated evaluation of goods and services and further grow barter trade among its current 92 member enterprises from 11 countries and regions including China, Pakistan, Germany, India and Nigeria.  “The platform will provide a full range of services including information sharing, business matching, legal consultation, quality control management, goods and service evaluation, supply chain services,” said Mr Wang, adding that “this platform will be a global cross-border barter ecosystem, integrating the trade chain, the value chain and the supply chain.” The platform is also set to explore and promote new patterns of barter trade with new technologies. Mr Wang Duo, President of CBTA, noted that digital technology will facilitate barter trade among enterprises in countries along the Belt and Road Initiative (BRI).  “We have set up a business group for about 200 enterprises on WeChat. They are interested in bartering trade with Pakistan and possible cooperation plans will be made after the pandemic,” Ms Shao told CEN.

#KCCDZ under CPEC framework – Rise of Karachi

#KCCDZ Pakistan and China have agreed to include Karachi Coastal Comprehensive Development Zone in the China Pakistan Economic Corridor framework. 

According to a press release issued in Islamabad on Sunday, the monumental decision was taken during the 10th Joint Cooperation Committee on CPEC’s meeting held on 23rd September at Islamabad and Beijing.

Karachi Coastal Comprehensive Development Zone, a multi-billion dollar project, the first of its kind in CPEC, focuses on providing Karachi with an ultra-modern urban infrastructure zone to place it among the top port cities of the world.

The project would be built on direct Chinese investment in partnership with Karachi Port Trust with an expected investment of 3.5 billion USD.

The environment friendly, game changer project also envisages four new berths for KPT and will unlock Pakistan’s unexplored Blue Economy and significantly enhance development and industrial cooperation between the two brotherly countries.