CPEC Importance for China and Pakistan
Keywords:
CPEC, Importance, Challenges, Silk route, One-Belt-One Road.Abstract
China-Pakistan Economic Corridor (CPEC) is a proposed project
between China and Pakistan for connecting landlocked Xinjiang city of
Kashghar to Balochistan deep sea port Gwadar. The project amounts
to US $46 Billion (now $62 billion) and is a boon for both the
countries and other stakeholders. For China it is to enhance her trade
capacity, achieving the regional influence and a source of strength for
Pakistan. Further, it is to boost up her economy project for a good
image in region and bring helpful environment for export/import and
to combat her ever growing energy crisis. This project also aims at
regional stability by integrating the stakeholder’s mutual interests in
various nuances and facets. The Economic Corridor shows the new
trends of friendship for both partners and other stakeholders
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