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The port of Gwadar on Pakistan's southwestern coast has been transferred to China state-owned Overseas Ports Holding Company.
The company will be fully2 responsible for operational control of the port from Singapore's PSA International.
However, the port will remain the property of Pakistan and profits will be shared between Pakistan and the new Chinese owners.
Pakistani President Asif Ali Zardari says the port is helping3 to improve trade ties between China and Pakistan:
"It gives new impetus4 to Pakistan-China relations and it takes a step further our political cooperation into the realm of economic cooperation. Gwadar port will enhance trade and commerce not only between Pakistan and China but also in the region. It has strategic importance for the People's Republic of China. Around 60 percent of China's crude oil comes from the Gulf5 countries. China's import of crude oil from the Gulf countries would increase within the next decade. These countries are close to Gwadar."
Construction of the port cost 250-million US dollars of which China funded a large part.
Situated6 in the Arabian Sea, the port occupies a strategic location between South Asia, Central Asia and the Middle East.
Chinese Ambassador to Pakistan Liu Jian has dismissed speculation8 China would use the port for military purposes.
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1 seaport | |
n.海港,港口,港市 | |
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2 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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3 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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4 impetus | |
n.推动,促进,刺激;推动力 | |
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5 gulf | |
n.海湾;深渊,鸿沟;分歧,隔阂 | |
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6 situated | |
adj.坐落在...的,处于某种境地的 | |
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7 gateway | |
n.大门口,出入口,途径,方法 | |
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8 speculation | |
n.思索,沉思;猜测;投机 | |
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9 bilateral | |
adj.双方的,两边的,两侧的 | |
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