China’s major business group Hexing Electrical has expressed interest in investing in Pakistan’s key sectors.

The interest was expressed by Hexing Group China Chairman Liang Zhang Zhou during a meeting with Minister for Board of Investment and Privatization Abdul Aleem Khan here in Islamabad on Saturday, according to a Radio Pakistan’s report.

The Chinese delegation said they want to invest in renewable energy and to set up factories. Liang Zhang Zhou said we have factories in twenty countries and will also set up factories in Pakistan. He said they will set up a facility to manufacture inverters and batteries.

The Federal Minister assured to extend facilities to the Chinese and other investors in Pakistan. He said transfer of industries from China to Pakistan is a welcome development.

Abdul Aleem Khan said the business activities and bilateral cooperation will further strengthen Pakistan-China relations. He said many Chinese companies are entering into joint ventures with Pakistani business community.