BEIJING, (APP – UrduPoint / Pakistan Point News – 21st Dec, 2019 ) :Gwadar Port is an extremely important platform to extend China-Pakistan Economic Corridor (CPEC) westward to a more distant region and becomes an important platform for regional connectivity.
At the same time, the construction speed of Gwadar Port determines the development speed of Pakistan as a whole. Therefore, there is a need to further speed up the construction of Gwadar Port and make it “Shenzhen of Pakistan“.
These remarks were shared by a visiting professor at Southwest University of Political Science and Law, Cheng Xizhong, in his article published by China Economic Net.
Trade liberalization is a development trend, which has both advantages and disadvantages. “In my opinion, the advantages are Primary. First, it is conducive for the introduction of advanced technology and management experience. Second, it is conducive for promoting reform and improving international competitiveness. Third, it is conducive for the vast number of consumers to get cheap and high-quality products”, he wrote in his article.
China is an active promoter of trade liberalization, especially to increase the export of goods by friendly neighboring countries to China, it has adopted many preferential policies to gradually reduce the trade deficit of these countries with China.
Negotiations on the agreement began in 2013 and RCEP will soon be signed. After the signing, 15 countries including all ASEAN countries, as well as China, Japan, South Korea, Australia and New Zealand, will form the world‘s largest free trade zone.
It also shows that India has finally decided to protect its poor industry and inefficient agriculture. That means India is now protecting its backwardness, which is very unfavorable to India in the long run.
“China’s reform and opening up began in Shenzhen. At that time, we had a saying `Shenzhen speed’, which means that China‘s development speed is very fast. At that time, there was a modern high-rise with one floor built in less than five days on average.
In the early 1980s, Shenzhen was just a small fishing village. After about 25 years of development, it became a modern city, which led to the rapid economic development of the whole country.