importance of cpec for china

IMPORTANCE OF CPEC FOR CHINA:

China is the most populous country of the world, Economic super power of
the 21st century, has very close bilateral relation and economic ties
with Pakistan since it got independence in 1949.

Officially bilateral trade and commercial links between two countries
established in January 1963. China has supported Pakistan in every field
like defense, trade, economic, agriculture and industry. Many mega
projects have been completed with the assistance of China’s Government.

China has developed his economy and has made a remarkable progress in
industry, and it has increased its output and production. It has now
decided to expand its economic activities across its boundary to
increase its exports to the countries of the rest of the world,
especially with the countries of Middle East, Central east, Europe and
Africa as well as its neighboring South Asian countries. But this trade
is only possible via long sea route. On the other side China needs to
fulfill its energy requirements from Middle Eastern countries. China has
decided to construct four corridors to connect China to the rest of the
world through roads and railways.

China-Pak Economic Corridor (CPEC) will give direct access to China to
Arabian Sea from Gwadar port China will be able to reach Middle East to
take advantages of rich minerals. China will get direct access to Strait
of Malacca through Arabian Sea. China will be connected with Iran
through Quetta-Zahidan railway link.

Due to China-Pak Economic Corridor (CPEC) 12000 km distance will be cut
off for China. China will enhance its volume of trade with these
countries through Arabian Sea. Gas and oil pipe line is also a part of
China-Pak Economic Corridor (CPEC). Gas and oil supply to China will
become more cheap and fast from Middle East countries to China. China
will make commercial and economic link stronger and durable with south
Asian countries. If Kashghar is connected to sea route after passing
interior regions of China, it has to cover a lengthy distance of 9000
km. But if Kashghar is connected to Gwadar port of Pakistan via CPEC, it
has to cover only a distance of 2442 km to reach Arabian Sea.

importance of cpec for pakistan

IMPORTANCE OF CPEC FOR PAKISTAN

After the completion of China-Pakistan Economic Corridor (CPEC),

Pakistan will become a regional economic hub in the region.

Geo-political importance of Pakistan will increase. There will be

Highways, Motorways and link roads throughout the country. Fast and

modern rail network, oil and gas pipe lines, fast and modern

telecommunication network, energy infrastructure, and intelligence

sharing with China will be possible. There would be fast and growing

economic and cultural ties with the countries of the region especially

with China. China-Pakistan Economic Corridor (CPEC) will be connected at

Zero point Khokra Par and Wagha border with India at eastern

China-Pakistan Economic Corridor (CPEC) which will result economic and

cultural ties with India.

On the western route China-Pak Economic Corridor (CPEC) will be

connected with Chaman border with Afghanistan and with Iran at Tuftan

border to enhance social, economic cultural relation with two brother

countries.

A lot of jobs and employment opportunities will arise with the

construction of China-Pak Economic Corridor (CPEC) for Pakistan. When

all the energy projects of China-Pak Economic Corridor (CPEC) will be

completed, the pace of economic growth in Pakistan will increase. A 2%

annually increase in GDP of Pakistan is expected. Some important gains

for Pakistan are:

(a)          CPEC will provide opportunities in overcoming poverty,

unemployment and inequalities among smaller and larger provinces of

Pakistan.

(b)          By completion of energy projects, Pakistan will get rid of

its energy crises.

(c)           On either side of CPEC, construction of hotels, workshop

and petroleum will provide a job to a lot of people which help Pakistan

to overcome employment issue in the country.

(d)          It is expected that GDP of Pakistan will be increased by

15% by Chinese investment.

(e)          CPEC will bring prosperity and progress in Pakistan and it

will help Pakistan to get rid of the decade’s label of terrorist state,

dangerous country and a falling state.

(f)           Once Pak – China connectivity through CPEC starts,

Pakistan’s geo-strategic interest will be guarded by China, whenever

threatened.

(g)          USA has always betrayed Pakistan and is widely disliked by

the people of Pakistan, will have to negotiate with Pakistan in spite

threaten.

(h)          Toll plaza fee

(i)            CPEC will reduce regional economic difference between

provinces, as CPEC route passes all the deprived and backward villages

and cities.

(j)           Through CPEC not only the transportation of people and

passengers will become cheap and ease but also the deployment of forces

will also become fast and ease in any time of risk situation in country.

(k)          CPEC will be the symbol of unity and national integrity in

the country.

 

Revival of Pakistan economy through CPEC will build the confidence of

foreign investors to invest in Pakistan.