CCTV9英语新闻：Pakistani companies to benefit from bilateral economic relations with China

The China-Pakistan Year of Friendly Exchanges was launched in Beijing on Monday. China and Pakistan say this will engender 1 huge opportunities in trade from both nations. CCTV’s Tang Bo finds out what it means for Pakistani companies wanting to do business in China.

For the past 10 years in Beijing, Naeem Aftab has been working for Netsol Technologies, a global provider of enterprise IT solutions. Netsol counts 17 of 22 of China’s foreign mobile companies amongst its clients.

Netsol is just one of many Pakistani companies that are expanding their businesses in China under auspices 2 of the bilateral 3 free trade agreement.

Exports to China from the south Asian country have dramatically expanded since the free trade agreement kick-started in 2007.

Exchanges in service sectors 4 also grew rapidly after a service trading agreement was signed in 2009.

"Under the free trade agreement, China grants Pakistani investors 5 most-favored-nation treatment and national treatment which means Pakistani enterprises and companies will have the same advantages given to Chinese locals," Li Li, research fellow with China Inst. Of Contemporary Int'l Relations, said.

There are now 31 Pakistani projects in China, with a total investment of around 90 million US dollars since the first Pakistani company set up shop in China in 2007.

In 2013 alone, Pakistan injected 18 million US dollars of investment into China, an 8 fold increase from the previous year.

Though benefits from the economic partnership 6 leans in favor of Chinese exporters at this time, Pakistani firms will soon see more upsides to doing business in China.

"China had more than 8 billion US dollars in trade surplus with Pakistan in 2013. To solve this problem, China has been increasing its investment to Pakistan, and the idea of a China-Pakistan economic corridor also aims to help ease the country’s trade deficit 7. But in the long run, China needs to change its way of investment to bring not only the money, but also technologies to Pakistan," Li said.

It's a message echoed by Naeem Aftab.

Deliberations over the second phase of China-Pakistan Free Trade Agreement have begun with an underlying 8 principle that it’ll be aimed at providing more benefits to Pakistan. But experts say no matter what goods and services can yield good export markets in both countries, more stress needs to be placed on technology transfers and productivity enhancement for a sustainable economic cooperation in the future.

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1
engender

  
 


v.产生，引起


参考例句：





A policy like that tends to engender a sense of acceptance,and the research literature suggests this leads to greater innovation.一个能够使员工产生认同感的政策，研究表明这会走向更伟大的创新。
The sense of injustice they engender is a threat to economic and political security.它们造成的不公平感是对经济和政治安全的威胁。












2
auspices

  
 


n.资助，赞助


参考例句：





The association is under the auspices of Word Bank.这个组织是在世界银行的赞助下办的。
The examination was held under the auspices of the government.这次考试是由政府主办的。












3
bilateral

  
 


adj.双方的，两边的，两侧的


参考例句：





They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。












4
sectors

  
 


n.部门( sector的名词复数 )；领域；防御地区；扇形


参考例句：





Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》












5
investors

  
 


n.投资者，出资者( investor的名词复数 )


参考例句：





a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
a cash bonanza for investors 投资者的赚钱机会












6
partnership

  
 


n.合作关系，伙伴关系


参考例句：





The company has gone into partnership with Swiss Bank Corporation.这家公司已经和瑞士银行公司建立合作关系。
Martin has taken him into general partnership in his company.马丁已让他成为公司的普通合伙人。












7
deficit

  
 


n.亏空，亏损；赤字，逆差


参考例句：





The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
We have a great deficit this year.我们今年有很大亏损。












8
underlying

  
 


adj.在下面的，含蓄的，潜在的


参考例句：





The underlying theme of the novel is very serious.小说隐含的主题是十分严肃的。
This word has its underlying meaning.这个单词有它潜在的含义。