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Remarks by President Hu Jintao at the Inauguration Ceremony of the Pakistan Haier-Ruba Economic Zone

H.E. Prime Minister Shaukat Aziz,

H.E. Governor Khalid Maqbool

Ladies and Gentlemen,

Dear Friends,

Good morning! First of all, I wish to extend warm congratulations on the inauguration of the Pakistan Haier-Ruba Economic Zone.

The Haier-Ruba Economic Zone is among the first overseas industrial zones established by China. It is not only the largest production base of home appliances in Pakistan, but also the first industrial zone jointly set up by China and Pakistan. It stands as a symbol of deepened China-Pakistan economic cooperation.

In just four years, Haier (Pakistan), as a Chinese-Pakistani joint venture, has achieved impressive results by producing quality and innovative products. The company is the largest air-conditioner producer, the second largest washing machine producer and the third largest producer of refrigerators in Pakistan. Haier is becoming a household name in Pakistan. This is an honor for Haier, a success for Pakistan and a productive outcome of mutually beneficial cooperation between the two countries.

China and Pakistan are close neighbors and enjoy all-weather friendship and all-round cooperation. China-Pakistan strategic partnership is growing in strength, and we face rare opportunities in economic cooperation created by our close relations, geographical vicinity and ties of friendship between our peoples. China attaches great importance to its economic cooperation with Pakistan. It will, through its own development, assist Pakistan in accelerating its economic development. The Chinese Government encourages competitive Chinese companies like Haier to invest in Pakistan and create great benefits for the peoples of our countries.

I hope the Pakistan Haier-Ruba Economic Zone will take full advantage of these unique opportunities, upgrade products by carrying out technological innovation and expand market to achieve sustainable development. I hope it will turn itself into a pace setter of China-Pakistan economic cooperation and symbol of China-Pakistan friendship.

May the Pakistan Haier-Ruba Economic Zone achieve greater success!

May China-Pakistan economic cooperation continue to flourish!

Thank you.

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