Effects of the China-Pakistan Economic Corridor (CPEC) on the Economies of China and Pakistan

Muhammad Asghar Khan, Ali Hadi Rabbani, Zamir ul Hussain, Mehwish Rafiq, Amjad Ali Maitlo, Aziz Ullah and Asma Yasmin
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Muhammad Asghar Khan: School of Economics and Management, Panzhihua University, Panzhihua, China
Ali Hadi Rabbani: Department of Economics, University of Education, Lahore, Pakistan
Zamir ul Hussain: Quaid-i-Azam School of Management Sciences, Quaid I Azam University, Islamabad, Pakistan
Mehwish Rafiq: Department of Business Administration, Institute of Southern Punjab, Multan, Pakistan
Amjad Ali Maitlo: Faculty Member, Department of Geography, Shah Abdul Latif University, Khairpur Mirs, Pakistan
Aziz Ullah: Department of Management Science and Engineering, Xian University of Architecture & Technology 13. Yanta Road, Zian Shaanxi, China
Asma Yasmin: School of Chinese Philosophy and Public Administration, Shaanxi Normal University, China

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 4, 341-347

Abstract: China-Pakistan Economic Corridor (CPEC), which is an infrastructure and economic development project initiated by China in Pakistan in 2013. The project aims to connect China's western province of Xinjiang to the Pakistani port of Gwadar through a network of roads, railways, pipelines, and power plants. The CPEC is expected to bring several benefits to both China and Pakistan, including expanding China's economic and geopolitical influence in the region and addressing Pakistan's chronic infrastructure deficits, creating new jobs, and attracting foreign investment. The CPEC can also help to alleviate China's domestic overcapacity issues and reduce its dependence on the South China Sea for its energy imports. Moreover, it can improve Pakistan's regional and global connectivity and enhance its geopolitical importance as a gateway to South Asia and the Middle East. However, the success of the CPEC will depend on various factors, including political stability, security, and effective implementation of the project. Overall, the CPEC represents a win-win scenario for China and Pakistan as it can provide economic benefits to both countries while promoting regional connectivity and integration.

Keywords: CPEC; Economic Development; Impacts on China; Impacts on Pakistan (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:4:p:341-347

DOI: 10.61506/01.00134

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