Importation of Chinese Innovation to Pakistani Firms in China Pakistan Economic Corredor

摘要

At first, the China-Pakistan Economic Corridor (CPEC) initiative was treated with some uncertainty. Over time, the critics were proved wrong as the CPEC initiatives. With many large scale projects to be done, an influx of Chinese firms as well as specialized laborers into Pakistan meant that the importation of technological skills and innovation benefits is a reality. China having anchored its economic success story on outstanding technological skills and innovation makes Pakistan a possible beneficiary. The CPEC was based on friendship, open communication, and intensity of knowledge exchange. Then, given that the Pakistani economy had been struggling and the local business environment characterized by low innovation impetus, the China-Pakistan Economic Corridor initiative was a dream comes true. Since the signing of the CPEC agreement, the implementation phases are ongoing. Subsequently, the local Pakistani firms are now better place to get innovation support from Chinese who desire to improve regional trade and economies. With few researchers pessimistic about the CPEC agreement, compelling evidence points that local Pakistani entrepreneurs, employees and investors have warmed up to Chinese technologies with a view of transforming the local firms for speedy and efficient growth and development.