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$42 billion is a lot of money, but then again $42 billion is not enough to solve the problems of Pakistan, with its rapidly growing 190 million people.
China since 1962 saw Pakistan as an ally against India, after their brief 2 week war....supplying Pakistan with arms, and weapons system:
1. Helping Pakistan with the nuke bomb
2. Cruise missiles production.
3. MBT production
4. Jet fighter production
5. Warship production
6. SSM production
This LEVEL of help and 'understanding' has not been given to ANY other country by China...not even North Korea.
In return Pakistan exported terrorism into Sinkiang Province for their American sahib (as with the usual exporting of terrorism into India, Afghanistan, Iran, Sri Lanka and Bangladesh, ISIS, al-Qaeda, and the Gulf...FROM Pakistan).
China tolerated this misbehavior/TREACHERY more like, because Pakistan was/is a strategic ally which can be the conduit through which Arab and Iranian oil & gas flow into China without going through the Indian and Pacific oceans.
$42 billion is $22 billion more than the investment China promised India.
Clearly China views Pakistan as a more important an ally than India, as the future potential ally-----the shift that Washington and Japan have made with India in clear terms.
The investment in Indian INFRASTRUCTURE and INDUSTRY.......totaling anything between $20--40 trillion over the next 30 years will have to come from India itself, and through the genius of its leaders tapping the huge wealth of India into these essential sectors.
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Pakistan wins China investment worth $42 billion
By Yahoo news and antiwar.com
China on Saturday promised
neighbouring Pakistan investment worth $42 billion, an official said, as
Islamabad promised to help Beijing fight what it calls a terrorist
threat in its far-west.
.
Pakistan's
Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and
memorandums mostly centred on the energy sector as he met Chinese
President Xi Jinping in Beijing.
.
Pakistan,
a close ally of China, suffers from chronic electricity shortages and
Islamabad has long sought investment in coal-fired power stations which
it sees as a solution to the problem.
.(YESSSS----Thar coal: 200 billion tons of it begging to be exploited...Pakistan only produces 23,000 MW of electricity, which is too low, and hampers economic growth and has been a major problem since the 1960's. The Sharif government may be the very first government to address this issue. On a more balanced note what Pakistan needs is power stations, major steel mill projects at Kalabagh and coal mines in Thar. These projects will boost the economy and provide jobs in Pakistan)
.
The
new agreements pave the way for Chinese state-owned companies to help
build at least four new power stations in Pakistan, while the deals also
cover the supply and mining of coal, the prime minister's press office
said.
.
"The deals being signed between China and Pakistan are worth
$42 billion. The whole investment is being made by China," said Amir
Zamir, spokesman for Pakistan's ministry of planning and development..
"There is no loan or aid for the energy projects, but pure investment by the Chinese," he told AFP.
.
Pakistan
has for decades been China's closest ally in South Asia, and Beijing is
a major trading partner and key supplier of military technology to
Islamabad.
.
Pakistan borders
the far-western Chinese region of Xinjiang, which has seen a series of
clashes and attacks on civilians that have left more than 200 dead in
the past year.
.
Beijing blames
some of the region's violence on an organised terrorist group it calls
the East Turkestan Islamic Movement (ETIM) seeking independence for the
region, home to the mostly-Muslim Uighur minority.
.
Many
analysts doubt that any large scale organisation of the kind exists,
while rights groups blame the violence on what they call the repression
of Uighur language and culture by Beijing.
.
Sharif
told Xi that Pakistan would "resolutely fight the East Turkestan
Islamic Movement terrorist force," China's foreign ministry said in a
statement following the meeting in Beijing.
.
"We
stand behind China on all the core issues like Taiwan and Tibet to
human rights, the fight against the ETIM," Sharif added within earshot
of journalists.
.
Xi was forced to cancel a planned trip to Pakistan in September due to anti-government protests in Islamabad.
.
But the Chinese president visited Pakistan's arch-rival India the same month, signing a raft of deals.
.
Sharif
acknowledged that "somehow the circumstances led to the postponement of
the visit," adding to Xi: "I believe you will be visiting Pakistan very
soon."
