China and Pakistan Agree to Deepen Strategic Partnership
China and Pakistan have reached a new consensus to strengthen their strategic ties following Prime Minister Shehbaz Sharif's visit to Beijing. Both nations agreed to promote high-quality development of the China-Pakistan Economic Corridor and will welcome participation from third-party partners.
China and Pakistan reached a new broad consensus to deepen their strategic partnership following high-level talks in Beijing. The agreement concludes Prime Minister Shehbaz Sharif's diplomatic visit to the Chinese capital on May 26. Investors view the renewed commitment as a stabilizer for the multi-billion dollar China-Pakistan Economic Corridor infrastructure project.
Both nations issued a joint statement on May 26 detailing plans to promote high-quality development of the China-Pakistan Economic Corridor (CPEC). The statement invited third-party participation in the development of the regional trade route.
