At the recent Boao Forum for Asia, Pakistani officials expressed strong support for China’s ongoing efforts to open up its economy. Discussions highlighted how initiatives like the Hainan Free Trade Port and the China-Pakistan Economic Corridor (CPEC) are fostering global economic growth and strengthening regional ties.
The Hainan Free Trade Port, a flagship project of China’s opening-up policy, aims to transform the island province into a globally influential free trade zone by 2050. Pakistani representatives noted that this initiative not only benefits China but also provides new opportunities for neighboring countries to enhance trade and investment.
“China’s commitment to opening up its economy is a positive signal for the global market,” said a senior Pakistani official at the forum. “Projects like the Hainan Free Trade Port can serve as catalysts for economic development across Asia, including in Pakistan.”
The China-Pakistan Economic Corridor, a cornerstone of the Belt and Road Initiative, was also a focal point of discussions. The corridor aims to enhance connectivity between the two countries through infrastructure development, energy projects, and industrial cooperation.
Participants at the forum emphasized that CPEC has already started to transform Pakistan’s economic landscape by improving transportation networks and boosting energy capacity. They believe continued collaboration will further strengthen economic ties and promote regional stability.
“CPEC is more than just an infrastructure project; it’s a pathway to shared prosperity,” the official added. “Our partnership with China is opening doors for our people, creating jobs, and fostering technological exchange.”
Young people in Pakistan and across the Global South are particularly optimistic about these developments. Enhanced connectivity and economic opportunities promise a brighter future, encouraging greater cultural exchange and mutual understanding between nations.
The Boao Forum for Asia served as a platform to reaffirm the commitment of both countries to mutual growth and cooperation. As China’s opening-up policies continue to evolve, nations like Pakistan are eager to participate in and benefit from these global economic initiatives.
