China’s Xi Jinping to visit Pakistan, invest $46 billion

Chinese President Xi Jinping is heading to Islamabad, where he will unveil investments worth $46 billion. The move is seen as Beijing’s attempt to increase its influence in Asia.

Xi Jinping, China’s president, was scheduled to launch $46 billion (43 billion euros) worth of investments in energy and infrastructure on his visit to Pakistan on Monday.

“Pakistan, for China, is now of pivotal importance. This has to succeed,” Mushahid Hussain Sayed, chairman of the Pakistani parliament’s defense committee, told the Reuters news agency about the partnership.
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Source News: DW