On this occasion, Head of the Exhibition Committee of Zibo Chamber of Commerce and Industry, Wang Chenzhong said that Zibo, being a key transportation hub of China, was also playing an important role in the country’s economy through its rapidly growing manufacturing industries, especially in ceramics sector. He was impressed by the growth potential of ceramics industry of Pakistan.
He agreed to relocate ceramic industries from Zibo into Pakistan for sharing the global demand of ceramics products by exploiting inherent advantages of Pakistan and China.
He added that 70 per cent work of Chinese ceramic industry was being done under the expertise of Zibo industries and the products produced in Zibo were being exported to US, EU and other sophisticated markets. Zibo was ranked as the 34th most competitive city in China according to the Chinese Academy of Social Sciences in 2016, he said, adding that Zibo had a significantly large industry sector that accounted for 47 per cent of the GDP in China.
Earlier, S M Naveed apprised the Chinese delegation about the strong support to be extended by PCJCCI for economic development of the two countries.
He said that the joint ventures of Pakistani and Chinese businessmen under CPEC had attained a highest level of mutual confidence that was giving birth to new venues of collaboration in trade and investment areas. He thanked the Chinese business community to pave way for modern phase of the industrialisation in Pakistan and also creating a space for Pakistan in international markets through joint ventures.
On the occasion, PCJCCI arranged a visit of the Chinese delegates to two housing societies to review the construction techniques being used in Pakistan and to suggest innovative Chinese techniques for the betterment of the local construction industry.
