Review of China-Pakistan Economic Corridor and Subsequent Development and Economic Growth

摘要

The Belt and Road initiative is a regional connectivity approach that consists of 68 countries and six economic corridors, among them China-Pakistan Economic Corridor is a mega project that builds a strategic framework for the bilateral practical cooperation and is a flagship project for the connectivity between China and its neighboring countries. This plan is likely to provide a powerful stimulus to the national and international economy. China-Pakistan Economic Corridor is equally important for China as it links China's western area and will serve as a shortest probable route to Central Asia and other regions. It is massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. It is a set-up of roads, railways and dry ports from Gwadar Port to Kashgar aiming mutual cooperation and development of China and Pakistan. China is giving its extra attention to improve the amenities at Gwadar port for increasing its existing competencies thus permitting both the countries to equally reap its maximum benefits. The successful achievement of this venture would also persuade additional investment from neighbor countries. Being an ongoing project, with its soft and smooth accomplishment the inhabitants from both the countries are expected to gain substantial benefits through the China-Pakistan Economic Corridor.