Chinese companies seek opportunities to trade minerals and steel

LAHORE:

Chinese businessmen have highlighted the huge potential for increased trade and investment with Pakistan, particularly in sectors such as mineral mining, gold, medical equipment and steel, as Beijing has made recent progress in these industries.

They stressed that the deep-rooted friendship between the two countries provides a solid basis for expanding economic cooperation.

The businessmen were part of a high-level delegation from the Shandong Chamber of Commerce and Industry in China that visited the Lahore Chamber of Commerce and Industry (LCCI). Delegation leader Li Chong shared insights on China’s recent progress in various industries and expressed confidence that cooperation with Pakistani companies could yield mutually beneficial results.

He noted that the Chinese delegation is not only interested in investing in Pakistan but is also keen to invite Pakistani investors to explore opportunities in China.

The delegation stressed the need to create joint projects that would create a win-win situation for both countries, leading to sustainable economic development.

Speaking on the occasion, LCCI Vice President Adnan Khalid Butt praised the continued interest of Chinese trade missions in collaborating with the Lahore Chamber of Commerce, considering it a key centre for deepening trade relations.

He acknowledged the key role of the delegation in exploring business opportunities that could further strengthen economic ties. Butt stressed the importance of cooperation in sectors such as minerals, steel structures, gold mines, salt mines, construction and medical equipment.

He stressed that the Pakistani business community is open to cooperation with Chinese enterprises in these sectors with a view to building long-term partnerships that can translate into significant economic growth.

He also highlighted the ongoing efforts to facilitate interactions, noting that the Lahore Chamber of Commerce provided a solid platform for policy consultations, technology exchanges, market networking, investment talks and brand recognition.