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A New Chapter Is Emerging in Pakistan-China Relations
The conference focused on technology partnerships and new Chinese investment as Pakistan seeks relief from economic pressure.
On May 24, Pakistani and Chinese officials gathered in Hangzhou for the Pakistan-China B2B Investment Conference, signing several new Memoranda of Understanding to enhance strategic and economic ties between the nations.
This forum signals a strategic shift away from traditional infrastructure projects toward technology, innovation, and industry, marking the next phase in the long-standing Pakistan-China partnership evolution.
Prime Minister Shehbaz Sharif remarked that bilateral friendship is "deeper than the oceans and higher than the Himalayas," adding that collaborative space efforts are "touching the skies."
Sharif proclaimed 30 percent of new MoUs have "already converted to formal agreements," offering potential relief for an economy operating under a $7 billion International Monetary Fund program.
Despite this optimism, critics question long-term economic implications, citing limited transparency on financing and concerns about "debt trap diplomacy" often applied to reliance on Chinese investment.