ISLAMABAD: Chairman Pakistan-China Institute, Mushahid Hussain Syed, Thursday, launched the first Think Tank on China in Pakistan, here at a ceremony held at International Islamic University Ambassador of China H.E. Luo Zhaohui was the chief guest while PML-Q chief Ch. Shujaat Hussain, Ikram Sehgal Editor of Defence Review, Akram Zaki former Pakistani Ambassador to China, Anwar Hussain Siddique, Professor Fateh Mohammad Malik and Awami Tehreek Chairman Rasool Bakhsh Palejo were among the guests. On the occasion, the packed-to-capacity auditorium of IIUI kept on clapping and more than 700 charged participants - mainly Chinese students - made the launching event a complete success. Addressing the gathering, Chief Guest, Ambassador Luo Zhaohui said China and had common friends and common enemies and both the nations needed to ponder for more avenues of collaboration to further cementing the bilateral ties. He said during the past 60 years since independence, China had made tremendous achievements in all fields, especially in the economic and social development sector. Today, we are developing at 7.2 growth rate with $ 3,300 GDP ratio, while our foreign reserves are over 2 trillion dollars and trade is at $ 2.2 trillion. These figures only reflect on the economic side while we have excelled in all fields including social and defence sectors, added the proud diplomat while narrating the success story of Asia. The envoy said that China stands by Pakistan as the government and people of Pakistan had stood by China soon after its independence. Pakistan was the first country to recognize the new China and in the 1950s, we were fully supported by Pakistan. Actually, Pakistan was then the only country we could rely upon, he added. Mr. Luo said this was the reason that more than 10,000 Chinese engineers were working in Pakistan to help develop its infrastructure across country. He said more than 600 students were studying at IIUI and this reflected the deep commitment the Chinese people had for their Pakistani brethren. Friends like Ch. Shujaat and Mushahid Hussain Syed are an asset for China who are contributing to get the people-to-people contacts further cemented between both the friendly states, he remarked. Highlighting the significance of the Pakistan-China Institute, the Chinese Ambassador said the think tank was a major success in the private and social sector and it would go a long way in harnessing the already healthy friendly ties between Pakistan and China. Speakers at the formal launch of Pakistan-China Institute, a non-partisan, non-governmental and non-political think tank, stressed the expectatiosn they had from this Institute. Addressing the gathering, Chairman Pakistan-China Institute, Mushahid Hussain Syed said the robust private sector of China and Pakistans vibrant social sector needed to explore new avenues of harnessing people-to-people contacts and the Pakistan-China Institute would act as a force multiplier in attaining this goal to meet the emerging challenges. Pakistan and China have a strategic relationship and there is a consensus across the board in Pakistan that China is Pakistans sincere friend. Starting from 1963, China has stood by Pakistan in all weather conditions while Pakistan has also reciprocated the efforts of the Chinese people and its government, he added. He said Pakistan has a new and dynamic social structure and its independent judiciary, free media, vibrant youth, armed forces and ambitious students can play a vibrant role in fortifying the people-to-people contacts between both the nations, he added. Former Prime Minister Senator Ch. Shujaat Hussain said military muscle, economic power, and cultural charisma were the ingredients of a world power. Blend them all together well and a superpower is ready. I strongly believe that China with its exceptional economic, military might and political stability and strength has emerged as the biggest global power in todays world. Now we need to further cement our good ties with our all season friend -China, he added. He also greeted the Chinese Ambassador on the 60th Independence Day of China. I would like to disclose that, I am 62 but I still remember celebrating my 60th birthday in the ambassadors house just two years ago, he added. Eminent scholar Dr. Rasool Bakhsh Palejo said China was the greatest wonder of todays world and Chinese have raised everything into an art. He said Mao Tse Tung was a legendary leader and we have to learn from our Chinese friends. Leading columnist Ikram Sehgal and former diplomat Akram Zaki shared their experiences with the charged audience who were clapping each and every speaker and gave a rousing welcome to all the leaders. Rector IIUI Prof. Fateh Mohammed Malik and President IIUI Dr Anwar Sidiqui also spoke on the ocassion. Later, Chinese Ambassador to Pakistan , PML-Q President Ch Shujat Hussain, Pakistan-China Institute Chairman Mushahid Hussain Sayed, and others, inaugurated the website of the institute at the auditorium of International Islamic University (IIUI).