'Old friends:' Hu rolls out red carpet for Zardari

Posted in China , Pakistan | 16-Oct-08 | Source: THE DAILY STAR

Chinese President Hu Jintao (L) walks with his Pakistani counterpart Asif Ali Zardari as they inspect an honour guard during an official welcome ceremony at the Great Hall of the People in Beijing October 15, 2008.

BEIJING: Pakistani President Asif Ali Zardari met his Chinese counterpart, Hu Jintao, on Wednesday as he sought crucial financial and nuclear energy investments from Islamabad's most loyal ally. Zardari, on his first state trip since taking office in September, was greeted by Hu at Beijing's Great Hall of the People.

Hu extended an effusive welcome, stressing close bilateral ties going back to the premiership of Zardari's late wife Benazir Bhutto, who was assassinated last December, and her father, late President Zulfikar Ali Bhutto.

"Your entire family are old friends of the Chinese people," Hu told Zardari.

"This is something we will never forget," the Chinese president added.

The two leaders signed 11 agreements, one on technical and economic cooperation.

The Financial Times newspaper has reported, without citing sources, that Zardari would seek a soft loan of between $500 million and $1.5 billion from China to help cash-strapped Pakistan out of a financial crisis.

Zardari inherited nearly empty government coffers and huge security problems from Islamic militants. The global financial crisis has pushed Pakistan, which was already nearing insolvency, closer to the financial brink.

Reports, denied by Islamabad, have said that the country faced bankruptcy perhaps as soon as February.

Zardari, who had praised China as "the future of the world" before departing Pakistan for Beijing, told Hu the selection of China as his first overseas visit reflected the importance of bilateral ties.

"The only way I could do justice to the memory of my late wife and my late father-in-law was to make sure that I made my first president's trip to China," he said before the two leaders went in for meetings.

Pakistan's ambassador to China, Masood Khan, said earlier in an interview with Pakistan television station Geo that an agreement on a civilian nuclear pact with China could be reached during the trip.

China's Foreign Ministry has confirmed the subject would be discussed but gave no specifics.

If an agreement is signed, it would come after the United States last week signed a deal with Pakistan's rival, India, to open up sales of civilian nuclear technology to New Delhi for the first time in three decades.

Liu Xuecheng, a researcher with the China Institute of International Studies, told AFP that any such Chinese-Pakistani deal should not raise alarm bells for other countries.

"The nuclear cooperation between China and Pakistan is confined to civilian use. It has lasted for some time and ... will continue," Liu said. "We should view this with a normal mentality. We should not view the relationship among these countries with a Cold-War attitude," the researcher added.

The visit also comes as Islamabad's anti-terror alliance with Washington has become strained amid US impatience with Pakistani efforts to root out Taliban and Al-Qaeda fighters in its lawless border region - and Pakistani fury over repeated American violations of its sovereignty.

Zardari said in his interview with Xinhua that he would seek to step up cooperation with China in the fight against terrorism.

China has long been one of Pakistan's closest political and economic partners, with Beijing looking to Islamabad as a counterbalance to India. - AFP