BEIJING: A spokesperson for the Chinese Foreign Ministry stated on Thursday that the financial policies of some developed nations were the primary cause of the financial difficulties of many developing countries, including Pakistan. The spokesperson urged coordinated efforts from all parties to contribute to Pakistan’s economic and social development.
During a question-and-answer session at the International Press Center, Mao Ning responded, “It must be pointed out that the financial policy of a certain developed country is the primary cause behind the financial troubles of a significant number of developing countries, including Pakistan” (IPC).
The basic creditors for developing nations, according to her, are Western-led commercial creditors and multilateral financial institutions. She continued, “China urges for united efforts of all parties to play a positive role in the economic and social development of Pakistan.”
“China and Pakistan are all-weather strategic cooperation partners and unbreakable friends,” Wang Ning emphasized. Both parties have backed one another.
“China always engages in economic and financial cooperation with Pakistan and supports Pakistan’s achievement of steady economic growth, improvement of its standard of living, and development towards independence,” she continued.