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Pak envoy looks forward to China’s economic blueprints

byCT Report
13/03/2016
in Business
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ISLAMABAD: Ambassador of Pakistan in China Masood Khalid has said that he was looking forward to see the outcomes of the China’s outgoing `two sessions’ with reference to the country’s economic blueprints.

The Chinese People’s Political Consultative Conference, colloquially known as `two sessions’ in China is a political consultative body of China comprising delegates from a range of political parties and organisations and independent members.

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In an interview with Global Times published on Sunday, the ambassador said that China was the world’s second largest economy, accounting for a quarter of the world economic output. The world economy, in general, has seen a meltdown in recent years.

“In such a scenario, the imprint of Chinese economy on the world economic map has a far-reaching impact. It’s only natural for the two sessions to delve in detail on China’s economic outlook in the coming years,” he said.

He believed that China was fully aware of the challenges and opportunities ahead. The carefully planned 13th Five-Year-Plan was a step-wise strategy to mitigate challenges of mass manufacturing and overcapacity, and build on the policy of high-tech and eco-friendly growth, Khalid added.

He said a coordinated development model as envisaged in the plan would lead to overall development and prosperity across all regions of China. From the two sessions, Khalid said he sees the Chinese leadership’s efforts towards transparency and opening-up.

“The two sessions manifest China’s realistic economic and social welfare assessment. The leadership is paying attention to foreign experts and their opinions during the sessions. There is talk of innovation and quality in the future growth architecture of China,” the envoy noted.

“In diplomacy, we are seeing China’s firmness and clarity in addressing many important issues,” Khalid said. Premier Li Keqiang’s government work report presents a pragmatic and candid assessment of the tasks ahead, said the ambassador, adding that “it is a practical, step-wise trajectory of the future course China has decided to take in the fields of economy, social welfare and overall development.”

The ambassador said that the report and the press conferences gave the feel of a confident China, which was fully aware of its strengths and challenges, and firmly understood its international role in enhancing peace and stability.

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