Chinese president to visit Pakistan, hammer out $46-billion deal


  • World
  • Thursday, 16 Apr 2015

China's President Xi Jinping (front R) gestures to Vietnam's Communist Party General Secretary Nguyen Phu Trong (front L) as they pose for a group photo with Chinese and Vietnamese youths at the Great Hall of the People in Beijing, April 7, 2015. Picture taken April 7, 2015. REUTERS/China Daily ATTENTION EDITORS - CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR4WG9Q

ISLAMABAD (Reuters) - Chinese President Xi Jinping will launch energy and infrastructure projects worth $46 billion (30.80 billion pounds) on a visit to Pakistan next week as China cements links with its old ally and generates opportunities for firms hit by slack growth at home.

Also being finalised is a long-discussed plan to sell Pakistan eight Chinese submarines. The deal, worth between $4 billion and $5 billion, according to media reports, may be among those signed on the trip.

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