MONITORING REPORT ISB: In a major breakthrough, China has offered its neighbors especially Pakistan an unprecedented technology transfer agreement, that would usher into the rapid economic boosting in the region.

The proposal was raised by Chinese government with the ministers of science and technology of the South Asian states at the inaugural ceremony of the South Asia Technology Transfer moot held at Kunming, China, on the sidelines of the second China-South Asia Exposition held from June 7-10.

This technology transfer would be made by promoting specific industries, supporting companies which use globally-competitive technologies and facilitating joint ventures between foreign and Chinese companies where technology transfer is involved.

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