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/).

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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  -