China to set up 'automobile city' in Gwadar

Chinese investors are contemplating to build a chemical and automobile city in Gwadar under umbrella of China-Pakistan Economic Corridor (CPEC). Sources linked to CPEC project said on Monday that Chinese authorities have already initiated paperwork on said projects which reflects their seriousness.
Analysts say it would be difficult for local automobile industry to survive if China establishes an automobile city in Gwadar. They have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as flourishment of local industry. Earlier, China announced to set up a steel factory under the CPEC apart from various other projects.