China, Pakistan Deals to Boost Bilateral Trade, Economic Cooperation

Underscoring how Pakistan is becoming an important investment destination for China, leaders of the two countries are discussing a variety of deals that would bolster bilateral trade and economic cooperation between the two nations, says The Wall Street Journal.


The newspaper says that the two countries' leaders have decided to set up a China-specific economic zone in Pakistan, featuring a tax exemption as well as some legal protections.


According to the Journal, two potential deals that are in the works are a possible investment by China Petrochemical Corp. in a major Pakistani coal reserve, and an option to construct a rail and road link to help transport oil from the Middle East to western China.

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