Chinese investors open for business despite Dasu incident

Chinese business officials express confidence in security measures, ensure presence of investors at upcoming Pakistan Industrial Expo

Picture by Asif Jutt

The unfortunate Dasu incident in which 13 people lost their lives has failed to frighten Chinese investors, as an official belonging to a Chinese company has said that they were completely satisfied with the security measures taken by the Pakistani government and intended to invest more in the country.

Chinese company Everest International Expo Deputy General Manager Chris Zhu stated to Minute Mirror that they were provided with state of the art security at their homes and even outside.

“We are completely satisfied with the security measures, even after the Dasu incident in Pakistan,” said Zhu.

Meanwhile, China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA) is taking part in Pakistan Industrial Expo 2021 for the first time in the history of bilateral relations between the two neighboring countries.

“Our sixth edition of Pakistan Industrial Expo named ‘China-Pakistan Industrial Expo’ is the evidence of the satisfaction we have in terms of the security situation,” Zhu said.

“Over one hundred top industrial Chinese manufacturers are taking part in this expo, which is being held at the Royal Palm Golf and Country Club,” he further said.

In response to a question about the number of Chinese participants in the expo, he responded that there were few so far, but he would ensure their presence on the given date of October 29.

“The impact of COVID-19 was serious and affected the physical presence of many investors, but they continued to interact with the Pakistani businessmen through zoom meetings and ensured online businesses during these days,” Zhu added.

“We are strictly following the COVID-19 SOPs for our business tasks and visits in Pakistan,” he said.

Earlier, Chris Zhu addressed a press conference flanked by Expo Manager Zeeshan Hashmi.

Zhu said that over one hundred top industrial Chinese manufacturers would be taking part in the event showcasing mainly CNC Machinery, and equipment pertaining to construction, renewable energy, building, agriculture, plastic, hardware, chemical and auto parts.

Zeeshan Hashmi said that Pakistan Industrial Expo 2021, a unique exhibition showcasing Chinese products, would use both ‘online and offline’ methods. Products would be present physically in booths at the expo site while business to business meetings would be arranged through specially installed gadgets and assistants at every booth, Hashmi added. He said that all the Chinese products had already been transported to Lahore.

The manager explained that after the exhibition, all the products would by shifted to a permanent display centre located in Johar Town, Lahore. “It is open for all businessmen and related manufacturers, who can have an online meeting immediately upon request,” said Zeeshan.

Everest International Expo, a joint venture company of Pakistan and China, held its first expo in 2017 and established its office in Johar Town, Lahore, in the following year.

For accurate matchmaking between exhibitors and visitors, Everest has also established a pre-registration system.

The manager said that the exhibitors were mainly from three areas of China, including Shandong and Henan province along with China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA).

Shandong, among the top three provinces of China when it comes to economy, agriculture and manufacturing of equipment, Zeeshan further stated, had organized 50 exhibitors to participate in the event.

He also said that 55 manufacturers were coming from Henan, adding that their products were already present in the Pakistani market, and this time they were intending to set up factories.

Zeeshan said that to further strengthen the two-way exchange between Pakistan and SCODA in the areas of economy, trade, culture and investment, the latter was cooperating with Pakistan Industrial Expo and had launched a customized stall to fully promote the development of international logistics, modern trade, two-way investment and business, and travel and cultural exchanges.