Beijing, Oct. 17 : China will launch a telecommunication satellite “PakSat-1R” for Pakistan in 2011. Contracts for the satellite deal were sealed on Wednesday in the presence of presidents from both countries. Pakistan President Asif Ali Zardari is in Beijing on his first four-day state visit.

This is the third time China has delivered a satellite to another country. In 2007, two satellites were sent to Nigeria.

The satellite''s chief contractor, the China Great Wall Industry Corporation (CGWIC) said that a “Long March 3B” rocket will be used to put the satellite into the orbit. The company said ground control facilities for the satellite will be delivered to the Pakistan Space and Upper Atmosphere Research Commission after it enters orbit.

Beijing, Oct 17: During Pakistan President Asif Ali Zardari’s ongoing four-day state visit, China has promised its long time ally (Pakistan) to help it come out of the financial crunch. Pakistan is currently facing an inflation rate of 25 percent, and said to be having a budget that could not last more than a month.

“As a long friend of Pakistan, China understands it is facing some financial difficulties. We’re ready to support and help Pakistan within our capability,” the Daily Times quoted Chinese Foreign Ministry spokesman Qin Gang as telling reporters at a media briefing.

He said that China would extend all possible help to Pakistan “within its capability” to help it avert the looming financial disaster.

Washington, Oct 17 : A day after 11 pacts were signed in Beijing between Pakistan and China, senior Pakistani and Western officials said that China had privately agreed to follow a “step-by-step” approach to fulfilling Pakistan’s aspiration for an expanded nuclear energy program, rather than an ambitious Indo-US-like civil nuclear deal signed recently.

“Private” discussions are believed to have been held on expanded nuclear cooperation between Pakistan’s president Asif Ali Zardari and Chinese leaders during Zardari’s four-day visit to China beginning Tuesday.

In ten years, Pakistan plans to produce up to 8000 Megawatts of electricity using nuclear energy, said a report in cbsnews. com.

Frankfurt  - Chinese organizers of a culture show next year in the German city of Frankfurt said on Thursday that Taiwan would be welcome to take part it the effort to promote new books written in Chinese.

Every year, one nation attends the Frankfurt Book Fair as guest of honour, bringing a retinue of authors and musicians to drum up interest from German media and reading public. Turkey has the role this year.

Beijing - China said it was sympathetic to Pakistan's financial situation and would help its long-term ally "within its capability" on Thursday, as Pakistani President Asif Ali Zardari continued his visit.

"As an all-weather friend, China understands Pakistan's economic and financial difficulties," foreign ministry spokesman Qin Gang said.

"We are ready to support and help Pakistan within our capability," Qin told reporters, adding that financial organizations in the two nations would "keep communication" over the issue.

Beijing - China's main stock market index lost more than 4 per cent on Thursday as shares followed the global fall after more bad news from Wall Street on Wednesday.