A review on one belt one road-China Pakistan economic corridor and its policy implications
- DOI
- 10.2991/febm-17.2017.55How to use a DOI?
- Keywords
- One Belt One Road (OBOR), China Pakistan Economic Corridor (CPEC), Regional economies, Pak-China relations
- Abstract
The Belt and Road Initiative aims to promote the connectivity of Asian, European and African continents and the China-Pakistan Economic Corridor is one of its key ventures aiming for mutual cooperation and development of both the countries. Being termed as a "life-line" the project mainly focus on energy and infrastructure of Pakistan and the improvement of these sectors will serve as a driving source for Pakistan's economy. China-Pakistan Economic Corridor with a proposed infrastructure from Gwadar to Kashghar and the other parallel projects would not only augment the Pakistan's industrial sector but also create a lot of employment opportunities. Similarly, 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 the markets Central Asia and other regions. China is giving its extra attention to improve the amenities at Gwadar port for increasing its existing capabilities thus enabling both the countries to equally reap its maximum benefits. The successful implementation of this plan would also encourage additional investment from other countries. Being an ongoing project, with its soft and smooth accomplishment the people from both the countries are expected to gain substantial benefits through China Pakistan Economic Corridor.
- Copyright
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Faiza Manzoor AU - Longbao Wei AU - Abdul Latif AU - Syed Irshad Ali Shah PY - 2017/10 DA - 2017/10 TI - A review on one belt one road-China Pakistan economic corridor and its policy implications BT - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017) PB - Atlantis Press SP - 419 EP - 426 SN - 2352-5428 UR - https://doi.org/10.2991/febm-17.2017.55 DO - 10.2991/febm-17.2017.55 ID - Manzoor2017/10 ER -