China defends CPEC as an ‘financial initiative’, says venture has not affected its stand on Kashmir-World Information , Alenz

China defends CPEC as an ‘financial initiative’, says venture has not affected its stand on Kashmir-World Information , Alenz

India has lodged a protest with China over the CPEC, the flagship venture of China’s Belt and Street Initiative, as a result of it crosses via Pakistan-occupied Kashmir

China defends CPEC as an 'economic initiative', says project has not affected its stand on Kashmir

Representational picture. AFP

Beijing: China on Monday once more defended its controversial $60 billion CPEC venture with Pakistan, disregarding India’s protests as it’s being laid via Pakistan-occupied Kashmir, saying it’s an financial initiative and has not affected its principled stand on the Kashmir situation.

Leaders of China and Pakistan have praised the progress of the China-Pakistan Financial Hall (CPEC) in latest days as the 2 shut allies celebrated the institution of 70 years of their diplomatic relations.

India has protested to China over the CPEC, the flagship venture of China’s Belt and Street Initiative (BRI), because it traverses via Pakistan-occupied Kashmir (PoK).

The huge infrastructure venture connects China’s Xinjiang province with Gwadar port in Pakistan’s Balochistan province.

China has been defending the CPEC, saying it’s an financial venture not aimed toward any third nation.

Answering questions on the CPEC at a media briefing on Monday, International Ministry spokesman Zhao Lijian mentioned that the CPEC as one of many pioneering tasks beneath the BRI has made vital and main progress in infrastructure, power, ports and industrial parks.

He mentioned the Belt and Street Initiative is an open worldwide financial cooperation initiative with targets of enhancing regional connectivity and reaching frequent growth.

“We’re additionally extending the CPEC to regional international locations, together with Afghanistan. This won’t solely increase quicker financial growth in Pakistan, but in addition regional connectivity,” he mentioned.

Requested how China sees regional prosperity being furthered by the CPEC in view of India’s place that it passes via Indian territory illegally occupied by Pakistan, Zhao mentioned the venture has not affected China’s principled place on Kashmir.

“China has acknowledged its principled place on Kashmir many instances. The CPEC is an financial initiative that targets no third nation. It isn’t about territorial disputes and doesn’t have an effect on our principled place on the problem of Kashmir,” he mentioned.

On the CPEC’s extension to Afghanistan, he mentioned, “on third get together participation within the CPEC, China is having discussions with third events, together with Afghanistan”.

“The 2 sides are having consultations via diplomatic channels. We discover that Afghanistan imports and exports items via Gwadar and Karachi ports. Excessive-speed highways are additionally being prolonged to Afghanistan, he added.

In a message to his Pakistani counterpart Arif Alvi on Friday on the seventieth anniversary of the institution of the China-Pakistan diplomatic relations, President Xi Jinping mentioned the CPEC has achieved outstanding outcomes.

Pakistan prime minister Imran Khan mentioned at a high-level assembly in Islamabad that the CPEC will convey financial progress not solely to Pakistan however the complete area.

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