Zardari in Shanghai, signs four MoUs with China | world | Hindustan Times
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Zardari in Shanghai, signs four MoUs with China

Pakistan and China inked four MoUs to enhance bilateral economic cooperation as President Asif Ali Zardari reached Shanghai to brainstorm with local entrepreneurs and scholars on Sino-Pak financial ties at a time when Islamabad is facing severe crisis.

world Updated: Feb 22, 2009 23:21 IST

Pakistan and China on Sunday inked four MoUs to enhance bilateral economic cooperation as President Asif Ali Zardari reached Shanghai to brainstorm with local entrepreneurs and scholars on Sino-Pak financial ties at a time when Islamabad is facing severe crisis.

Shanghai, the gleaming eastern metropolis, is the second and final leg of Zardari's second China visit in four months. Interestingly, he is not visiting Beijing for talks with the Chinese leadership. He only had an interaction with Chinese State Councilor Dai Bingguo in Wuhan, capital of central China's Hubei province.

In the China's economic hub, Zardari is scheduled to communicate with financial institutions, entrepreneurs and scholars in international affairs on financial cooperation.

During the Hubei tour, China and Pakistan agreed to boost cooperation on agriculture and water conservancy. Hubei Province and Pakistan signed four cooperation memorandums concerning hybrid seed, hybrid rapeseed, port engineering and friendly exchanges between Hubei and Sindh Province.

Earlier, Zardari visited the Three Gorges Dam on the Yangtze River, China's longest.

Zardari said visiting Three Gorges Dam, the world's largest hydroelectric facility, as a memorable experience. "This marvel of engineering reflects the genius and skill of the Chinese people and the vision of the leadership," he said.