The China-Pakistan Economic Corridor

The China-Pakistan Economic Corridor (Urdu: پاكستان-چین اقتصادی راہداری, English: China-Pakistan Economic Corridor, CPEC) was introduced by Chinese Premier Li Keqiang in May 2013 in Pakistan . The original intention was to strengthen exchanges and cooperation in transport, energy and oceans between China and Pakistan, strengthen interconnection and mutual development of the two countries and promote common development between the two countries. [1]   The project started on April 20, 2015.

Through all-round cooperation in various fields, China-Pakistan Economic Corridor will help further close and strengthen the all-weather strategic cooperative partnership between China and Pakistan. It is both a model project and a flagship project of China's "One Belt and One Road Initiative" and also provides a platform for Pakistan's development Important opportunity. At present, the construction of the economic corridor in China-Pakistan has achieved initial success but at the same time it still faces many risks and challenges. Only by fully understanding, fully assessing and actively responding to risks can we achieve substantive results in the corridor construction.

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In May 2013, on the occasion of his visit to Pakistan, Premier Li formally proposed a long-term plan for the economic corridor between China and Pakistan to assist Pakistan in its expansion and upgrading of infrastructure. The purpose is to promote and deepen the cooperation between the two countries in the areas of energy, security and economy Effective Bridging Development Strategy In 2015, the relationship between China and Brazil was upgraded from a strategic partnership to an all-weather strategic partnership. Among them, taking the China-Pakistan Economic Corridor as the lead and the Gwadar Port, energy, transport infrastructure and industrial cooperation as the key points, a "1 + 4" economic cooperation layout has been formed. This is a key element of carrying out pragmatic cooperation between China and Pakistan and jointly building a "community of destiny."