The Pakistan Economy Watch (PEW) on Sunday said Pakistan and China are natural allies enjoying exemplary relations beyond a shadow of doubt. Issue of uneven growth in World's No 2 economy with GDP reaching $5.7 trillion should be taken seriously and resolved immediately, it said.
Dr Murtaza Mughal, President PEW, said that in future, it might be not easy for China to maintain rate of progress without addressing the problem of inequality. Visionary Chinese leadership should revisit growth-promoting reforms before it poses any risk to poverty reduction efforts at home and potential implications for the rest of the world, he said.
He added that China needed to pour more money in Xinjiang province to bring it at par with developed areas that will minimise chances of political unrest in future. "It will also have a very positive economic impact on countries bordering Xinjiang including Pakistan. There will be dramatic growth in relations", said Dr Murtaza Mughal.
He said government need to enhance efforts to implement decisions announced during historic visit of Chinese Premier to Pakistan. Pakistan deserves enhanced share in China's eye-popping pace of growth and its foreign direct investment standing at $400 billion, he said.
Our economically under-developed country is looking forward for more Chinese-funded infrastructure projects with emphasis on energy as stable Pakistan is in the interest of Beijing, said Dr Mughal.
Pakistan should try not to remain heavily dependent on US aid that results in additional pressure. Chinese investments that are always without strings, but play a secondary role should be encouraged to strike a balance.
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