The China-Pakistan Economic Corridor (CPEC) is a road to Pakistan's fast socio-economic progress, reports Gulf Times. It helps lift Pakistan's economic output.
Beijing, (Pakistan Point News - 01st Mar, 2018) : The China-Pakistan Economic Corridor (CPEC) is a road to Pakistan's fast socio-economic progress, reports Gulf Times. It helps lift Pakistan's economic output. It connects western China with Gwadar port on Pakistan's southern coastline in Balochistan province. Along the Corridor route, the plan envisages connectivity through road and rail networks, power production units and Special Economic Zones (SEZ's).
CPEC, among all the BRI land and sea corridors will set the tone for others. That is why China is going full steam to see the project completion, in three phases by 2030. Involving only one country Pakistan, the CPEC provides China with direct access to the Indian Ocean. The route shortens western China's distance to the Arabian Sea from 13,000km to just 3,000 and cuts the transit time from 45 days to only 10. Notwithstanding its grand vision and the speed at which the project has taken off the CPEC continues to face its multiple challenges. India, an early objector, sees the BRI initiative and more specifically the CPEC as China's attempt to circle India through this connectivity.