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Chinese President to Visit Pakistan, Hammer Out $46-billion Deal
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16.04.2015
Chinese President Xi Jinping will launch energy and infrastructure projects worth $46 billion on a visit to Pakistan next week as China cements links with its old ally and generates opportunities for firms hit by slack growth at home. Also being finalised is a long-discussed plan to sell Pakistan eight Chinese submarines. According to media reports, the deal, worth between $4 billion and $5 billion, may be among those signed on the trip. Commercial and defense ties are drawing together the two countries, which share a remote border and long-standing mistrust of their increasingly powerful neighbor, India, and many Western nations.
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