Review of China-Pakistan Economic Corridor and Subsequent Development and Economic Growth
- DOI
- 10.2991/febm-18.2018.14How to use a DOI?
- Keywords
- Belt and Road initiative; China-Pakistan Economic Corridor; Economic growth; Development
- Abstract
The Belt and Road initiative is a regional connectivity approach that consists of 68 countries and six economic corridors, among them China-Pakistan Economic Corridor is a mega project that builds a strategic framework for the bilateral practical cooperation and is a flagship project for the connectivity between China and its neighboring countries. This plan is likely to provide a powerful stimulus to the national and international economy. 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 Central Asia and other regions. It is massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. It is a set-up of roads, railways and dry ports from Gwadar Port to Kashgar aiming mutual cooperation and development of China and Pakistan. China is giving its extra attention to improve the amenities at Gwadar port for increasing its existing competencies thus permitting both the countries to equally reap its maximum benefits. The successful achievement of this venture would also persuade additional investment from neighbor countries. Being an ongoing project, with its soft and smooth accomplishment the inhabitants from both the countries are expected to gain substantial benefits through the China-Pakistan Economic Corridor.
- Copyright
- © 2018, 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 - Longbao Wei AU - Faiza Manzoor AU - Abdul Latif PY - 2018/12 DA - 2018/12 TI - Review of China-Pakistan Economic Corridor and Subsequent Development and Economic Growth BT - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018) PB - Atlantis Press SP - 61 EP - 64 SN - 2352-5428 UR - https://doi.org/10.2991/febm-18.2018.14 DO - 10.2991/febm-18.2018.14 ID - Wei2018/12 ER -