Arslan Ghazi M.Waqas M.Haseeb Bukhari
090763 090784 090790
China and Pakistan established their diplomatic relations on May
21, 1951. The stable relationship has set a good model in the world
diplomatic history over the past 60 years.
Chinas aid to Pakistan has created many records in the history
of Chinas aid to and relief work in other countries, such as the
largest-ever humanitarian aid (US$250 million), first medical
relief team abroad, first use of military helicopters, first fleet
of 101 trucks loaded with daily necessities to travel by land
during Pakistans battle against its flood in 2010.
The bilateral trade volume amounted to only US$ 580 million in
1990 and the number stayed around US$ 1 billion in the 1990s. Since
China joined the World Trade Organization (WTO), Sino-Pakistan
trade volume has shot up. China is the fourth trade partner, the
second import original place and the seventh export market of
Pakistan. The bilateral trade volume amounted to US$6.98 billion in
2008. Affected by the global financial crisis, the bilateral trade
volume of 2009 dropped a little, but still amounted to US$ 6.67
billion.
5,000,000 4,000,000 3,000,000 2,000,000 3,533,794
4,688,239 4,086,736
4,414,577
1,842,775575,903 684,793 701,043 1,153,861
1,000,0000
354,092
2005-06 2006-07 2007-08 2008-09 2009-10 Exports Imports
1,154
634
701
366
146
78
77
56
49
42
42
37
30
1
24 2
16
7
14
15
2009-10 2008-09
The bilateral trade volume with Pakistan would soar to US$15
billion by 2015. Pakistans infrastructure in communication, energy
supply, education has much room for improvement. The Pak-china
cultural differences have made it difficult for both sides to
deepen economic cooperation. We have to enhance communication
between the young generation of the two countries.
Both sides need each other in its economic development. Pakistan
needs to rebuild its infrastructure severely damaged by its natural
disasters and terrorist attacks. Need to keep power balance in
regional peace and development in South Asia.
