Shehbaz Sharif Reaches Beijing for Xi Talks as $1.22 Billion MoUs Are Signed
Updated
Updated · Geo News · May 25
Shehbaz Sharif Reaches Beijing for Xi Talks as $1.22 Billion MoUs Are Signed
6 articles · Updated · Geo News · May 25
$1.22 billion in memoranda and cooperation agreements were signed between Pakistani and Chinese companies at a Hangzhou investment conference before Shehbaz Sharif arrived in Beijing for four days of talks.
Beijing meetings with Xi Jinping and Li Qiang are set to focus on deepening the Pakistan-China strategic partnership and pushing CPEC Phase II in trade, industry, agriculture, science, technology and people-to-people links.
Hangzhou discussions centered on charging infrastructure, battery storage, solar technology and pharmaceuticals, with Sharif also meeting firms including CATL, StarCharge and Xiuzheng Pharmaceutical and visiting Alibaba.
Sharif pitched Pakistan as a lower-cost manufacturing base for Chinese industry and said agricultural exports to China could rise by $10 billion within five to seven years, in the 75th year of diplomatic ties.
With rising security threats and a crippling energy crisis, can Pakistan truly deliver its 'win-win' promise to Chinese investors?
Can Pakistan's 'red-carpet' for Chinese firms fix its economy without becoming a dumping ground for industrial overcapacity?
$1.22 Billion in MoUs Signed as Pakistan and China Advance CPEC Phase-II During PM Shehbaz Sharif’s 2026 Visit
Overview
Prime Minister Shehbaz Sharif began a four-day visit to China on May 24, 2026, starting with a business conference in Hangzhou and a formal welcome in Beijing. During this visit, Pakistan and China signed $1.22 billion in agreements covering key sectors like renewable energy, electric vehicles, pharmaceuticals, agriculture, and smart technologies. These deals are part of a larger effort, with billions of dollars in MoUs signed across multiple cities and about 30% already converted into formal agreements. The visit highlights Pakistan’s push to deepen economic ties and modernize its economy through Chinese investment and expertise.