China Pulls Pakistan Further into its Economic Orbit

<> at The Great Hall Of The People on September 2, 2015 in Beijing, China.

Bottom Line: China’s “One Belt, One Road” economic strategy, aimed at developing regional trades routes connecting East Asia, South Asia, Central Asia and Europe, has expanded into Pakistan where Chinese companies have launched numerous projects to build up Pakistan’s infrastructure and energy sector as part of the China-Pakistan Economic Corridor (CPEC). Through such cooperation, Pakistan has gravitated closer to China’s orbit, generating concerns over Pakistan’s increasing dependence on China and Beijing’s rising global power status.

Background: CPEC is a 15-year economic initiative spanning from 2015-2030, which focuses on expanding Pakistan’s energy sector, enhancing Pakistan’s infrastructure and establishing a direct land route connecting China’s northwestern region of Xianjing to Pakistan’s southern Gwadar Port on the Arabian Sea.

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Categorized as:Asia ReportingTagged with:

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