BEIJING, Aug. 21 (INP): Economic cooperation has been on top of agenda of Foreign Minister Shah Mahmood Qureshi's visit to China, says China Economic Net (CEN) on Friday. The Minister was currently in Hainan Province on a two-day visit to co-chair the Ministers' Strategic Dialogue with Chinese State Councilor and Foreign Minister Wang Yi. The Ministers' Strategic Dialogue was arranged in Hainan province, as China is building here a free trade zone, while Pakistan is engaged in building a free trade zone in Gwadar. According to Prof. Cheng Xizhong of Southwest University of Political Science and Law, this shows that the focus of the meeting is economic and trade cooperation. Both sides were also scheduled to discuss cooperation on COVID-19, bilateral relations and regional and international issues of mutual interest. The first round of the China-Pakistan Foreign Ministers' Strategic Dialogue took place in March 2019, in which both sides vowed to protect the China-Pakistan Economic Corridor from all kinds of threats. Prof. Cheng observed that Pakistan's economy on a good trend. With the close cooperation between China and Pakistan, Pakistan`s foreign exchange reserves have increased by 47%. During the whole pandemic period, Pakistan's economy has been in a stable developing state, especially the foreign exchange reserves have increased to $12.5 billion. After the outbreak of the pandemic, Pakistan has significantly reduced imports, thus reducing the pressure on capital outflow from Pakistan. Pakistan has also taken further actions to stabilize financial markets. Recently, Prof. Cheng added that Pakistan's exports have rebounded significantly. In March this year, Pakistan's foreign investment increased by 92%. Since joining China's large-scale overseas infrastructure initiative, Pakistan has absorbed a large amount of foreign investment. For promoting bilateral cooperation to fight the epidemic, according to a recent foreign Media's report, China Pharmaceutical Group is having cooperation with Karachi University to conduct vaccine trials. As part of the cooperation agreement, China will provide Pakistan with enough vaccine in the initial production to cover about one fifth of the Pakistani population, he added. INP/JAVED