Xi Jinping is making $46 billion projects in Pakistan

Chinese President Xi Jinping visited Pakistan on 20th April 2015 on a two-day visit, where he announced $46 billion worth of infrastructure projects and plans to sell submarines, deals that would cause agitation in India ahead of Prime Minister Narendra Modi’s trip to Beijing.

Always Seek Knowledge:

  • This is Xi’s first foreign trip in 2015.
  • Xi Jinping has been awarded with Pakistan’s highest civilian award, ‘Nishan-e-Pakistan’ on 21st April 2015.
  • The 3,000-km-long China-Pakistan Economic Corridor will link China’s backward far-western region to Pakistan’s Gwadar deep-sea port on the Arabian Sea via Pakistan occupied Kashmir through a massive and complex network of roads, railways, business zones, energy schemes and pipelines.
  • Pakistan is scheduled to also sign a deal to buy eight Chinese submarines for $6 billion dollars. This would double Pakistan’s submarine fleet.

About Xi Jinping:

  • Xi Jinping is the General Secretary of the Communist Party of China, the President of the People’s Republic of China, and the Chairman of the Central Military Commission.
  • As General Secretary, Xi is also an ex officio member of the Politburo Standing Committee, China’s de facto top decision-making body.
  • Xi is the leader of the People’s Republic’s fifth generation of leadership.

Other information:

  • Capital of China: Beijing
  • Currency of China: Renminbi
  • Capital of Pakistan: Islamabad
  • Currency of Pakistan: Pakistan Rupee