Chinese investors meet Taseer

LAHORE - Punjab Governor Salmaan Taseer has met with a 14-member delegation of senior officials of Sichuan Changhong Group of China looking to invest in Pakistan. The delegation was headed by President of the group Zhao Yong and visited the Governor House in care of Ruba group. Addressing President Yong, the Governor offered assistance to the Group in establishing itself in Pakistan and bringing in much-needed foreign investment. He added that while foreign investment had been well-received in Pakistan, Chinese projects were particularly welcomed. He lauded the solid infrastructure and well-established relations between the two countries, and said that with a population of over 100 million under-25 year olds, there was a huge domestic demand for electronics in Pakistan. The Governor cited China as the first country to invest in large-scale industrial development in Pakistan, in the form of the Heavy Mechanical Complex in Taxila, at a time when other foreign investors were scared. He added that since that time, the two had maintained a solid relationship and that China was Pakistans most important business partner. He said that the Pakistani people viewed the Chinese as good citizens as well as their brothers. Specialising in consumer electronics, the Changhong Group is based in the Western Sichuan province and has production bases spread all over the country. Its leading product is air-conditioners, closely followed by TVs. The Group has expanded its activities to foreign countries, such as the Czech Republic and Korea, and is now looking to establish a production and distribution base in Pakistan.

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