‘China to set up steel factory at Gwadar’

ISLAMABAD: Acting Chinese Ambassador to Pakistan, Zhao Lijian Monday said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework.  “Both China and Pakistan would very soon sign an agreement to establish the steel factory, three times bigger than the free economic zone being set up in Gwadar city,” he announced on Monday while addressing participants of a day-long conference on CPEC: Potential and Prospects organized by Strategic Vision Institute (SVI).