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What is CPEC? – China Pakistan Economic Corridor

What is the importance of CPEC?

What is CPEC?

Pakistan and China are bound together in the relation of friendship from the period of 66 years. Their friendship is continually moving on an ascending route and gaining strength over time. China Pakistan Economic Corridor (CPEC) is the project that shows Pakistan and China’s long-lasting relationship.

These two countries have celebrated several anniversaries of their friendship, which is unique in many ways in the recent history of state-to-state and people-to-people relations. Development of this extraordinary relationship is based on the principles of peaceful co-existence, the commonality of interests, and shared perceptions on regional and global events.

To Maintain close relations with China is a central part of Pakistan’s foreign policy. Pakistan has a long and healthy relationship with China that has been mutually beneficial for both countries.

On May 21, 1951, China and Pakistan set up formal strategic relations. Pakistan was one of the first nations to perceive China. As close friendly neighbors, China and Pakistan keep up close correspondence and coordination on international and local issues of common concerns.

Military Projects between China and Pakistan

China and Pakistan also share close military relations, with China providing a scope of modern weapons to the Pakistani defense forces. There are strong military ties between China and Pakistan. Since 1962, China has been a steady source of military gear to the Pakistani Army for helping in the establishment of ammunition factories, giving mechanical help and modernizing existing facilities.

There are several projects running between China and Pakistan to improve military and weaponry systems, which incorporate:

  • The joint development of the JF-17 Thunder warrior airplane
  • K-8 Karakorum propel preparing flying machine
  • A tailor-made training aircraft for the Pakistan Air Force based on the Chinese household Hongdu L-15
  • Space innovation
  • AWACS systems
  • Al-Khalid tanks, which China allowed license production and tailor-made adjustments based on the initial Chinese Type 90 as well as MBT-2000.

Military Projects between China and Pakistan

What is the Role of China to Improve the Economy of Pakistan?

China is the primary investor in Pakistan’s Gwadar Deep Sea Port, which is located at the mouth of the Strait of Hormuz. Thus due to this collaboration, Pakistan’s economy has reached at the high points. It is obvious by both America and India as a probable launch pad for the Chinese Navy, giving them the facility to launch submarines and warships in the Indian Ocean.

Both countries have an enduring free trade agreement. China has recently pledged to contribute almost $43 billion US dollars. China has turned into Pakistan’s second-biggest exchanging partner, while Pakistan becomes China’s most important investment destination in South Asia with total two-sided trade reached 18 billion US dollars.

Pakistan has served as China’s major bridge between Muslim countries. Pakistan also played a critical part in crossing over the communication gap between China and the West by encouraging the 1972 Nixon visit to China.

Pakistan’s representative has described the relations between Pakistan and China as, higher than the mountains, deeper than the oceans, stronger than steel, dearer than eyesight, sweeter than honey, and so on.

China-Pakistan Economic Corridor (CPEC) plan is the most significant achievement that is recently carved by China for economic growth and development in Pakistan. The CPEC will unite Pakistan with China as well as with Central Asian countries through highways.

Role of China to Improve the Economy of Pakistan

Which Benefits will China Get from CPEC Highways?

CPEC Highways

These highways will connect Kashgar to Khunjerab and Gwadar. Gwadar port in southern Pakistan will be proved as the trade nerve center for China because most of its business, especially that of oil, will be done through this port, which is operated by the China Overseas Port Holding Company.

At this time, China transports sixty percent of its oil by dispatch (ship/boat) from the Persian Gulf to the central business port in China named Shanghai. This distance is of more than 16,000 kilometers. The trip takes a few months, during which time the ships are helpless against pirates, bad weather, political opponents and different dangers.

Nuclear Plans for Peaceful Purposes

China has been a solid vocal and devoted supporter of Pakistan’s atomic power generation for peaceful purposes. CHASNUPP-I is the commercial nuclear power plant in Punjab. It is set up with the Chinese help by its CNNC (China National Nuclear Corporation) under International Atomic Energy Agency (IAEA) shields.

China has regularly supported Pakistan’s improvement and usage of hostile to anti-terrorism security technique because of its national conditions. Pakistan firmly bolsters China on the issues of Taiwan, Tibet, Xinjiang, and different aspects. China also supports Pakistan’s standpoint on Kashmir.

In short, Pakistan-China relationships are unique, and their friendship has a substantial impact on India. It is hopeful that both countries will reach to the highest peak of progress as soon as the Gwadar project completes, and further developing agreements will held in the future.

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