China Pakistan Economic Corridor: A Chinese Dream Being Materialized Through Pakistan

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China Pakistan Economic Corridor: A Chinese Dream Being Materialized Through Pakistan

China Pakistan Economic Corridor: A Chinese Dream Being Materialized Through Pakistan

02 Feb 2016-

About: The article was published on 2016-02-02 and is currently open access. It has received 23 citations till now. The article focuses on the topics: Chinese Dream & China.

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Journal Article•DOI•

Community Wellbeing Under China-Pakistan Economic Corridor: Role of Social, Economic, Cultural, and Educational Factors in Improving Residents’ Quality of Life

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Jaffar Aman, Jaffar Abbas, Guoqing Shi, NoorUl Ain, Likun Gu - Show less +1 more

25 Mar 2022-Frontiers in Psychology

TL;DR: In this article , the authors explored the effects of cultural value, economic prosperity, and community mental wellbeing through multi-sectoral infrastructure growth projects under the Belt and Road Initiative (B2R) and applied the social exchange theory to observe the support of the local community for the CPEC.

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Abstract: This present article explores the effects of cultural value, economic prosperity, and community mental wellbeing through multi-sectoral infrastructure growth projects under the Belt and Road Initiative. The implications of the social exchange theory are applied to observe the support of the local community for the China-Pakistan Economic Corridor (CPEC). This study explores the CPEC initiative, it’s direct social, cultural, economic development, and risk of environmental factors that affect residents’ lives and the local community’s wellbeing. CPEC is a multibillion-dollar project to uplift economic growth and free trade between Pakistan, China, and other regional stakeholders. Although CPEC is still in its initial phases with partial startups, policymakers and government officials claim this mega project as a “game-changer” in the region, mainly for Pakistan and China. This gigantic project offers the significant potential to generate business slews and employment opportunities with international outreach. Due to the term’s newness, numerous studies have recently explored the macro and microeconomic benefits of the CPEC initiatives; still, these projects are theoretical. The existing literature insufficiently explored how helpful CPEC would be to a specific group and how residents perceive its advantages. This study fills in the literature gaps and explores the likely advantageous potential of the CPEC for the regional states. The study applied a convenient sampling technique for the data collection process. It used a mixed-method approach to gain scientific results, with a standardized questionnaire survey of 459 people (300 men and 159 women) from five major cities of Pakistan. The study results designate that residents believe that CPEC infrastructure projects will significantly improve residents’ life quality through more job openings and community poverty reduction. Still, they raised their concerns regarding environmental protection issues in the region. The findings specified that residents had an optimistic approach to better educational productivity by adopting environment-oriented policies. Policymakers should establish new CPEC study centers in different areas, and investors should be encouraged to participate in the industrial sector. Officials can overwhelm community worries about environmental degradation. Government officials in both countries can utilize the findings to raise public awareness about CPEC’s social, economic, cultural, mental wellbeing, and ecological implications.

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48 citations

Journal Article•DOI•

The China–Pakistan Economic Corridor (CPEC): challenges and prospects

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Shehryar Khan, Guijian Liu¹•Institutions (1)

University of Science and Technology of China¹

02 Oct 2019

TL;DR: The China-Pakistan Economic Corridor (CPEC) is a US$62 billion project designed to resolve Pakistan's energy deficit, improve connectivity, and establish economic development zones and supporting sustainable development.

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Abstract: The China–Pakistan Economic Corridor (CPEC) is a US$62 billion project designed to resolve Pakistan’s energy deficit, improve connectivity, and establish economic development zones and supporting s...

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32 citations

Cites background from "China Pakistan Economic Corridor: A..."

...To address some of these concerns, an All Parties Conference in May 2015 agreed to develop the west route from Khyber Pakhtunkhwa to Baluchistan first and involve all stakeholders (Esteban, 2016; Ramay, 2016), while the Minister for Inter-Provincial Coordination, Riaz Hussain Pirzada, insisted that the CPEC would pass through the entire country and should not be made controversial and that all provinces would benefit....
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...…Conference in May 2015 agreed to develop the west route from Khyber Pakhtunkhwa to Baluchistan first and involve all stakeholders (Esteban, 2016; Ramay, 2016), while the Minister for Inter-Provincial Coordination, Riaz Hussain Pirzada, insisted that the CPEC would pass through the entire…...
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Journal Article•DOI•

China–Pakistan economic corridor projects development in Pakistan: Local citizens benefits perspective

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Shamsa Kanwal¹, Ren Chong¹, Abdul Hameed Pitafi¹•Institutions (1)

University of Science and Technology of China¹

01 Feb 2019-Journal of Public Affairs

29 citations

Pakistan On The Roadway To Socio-Economic Development: A Comprehensive Study Of China Pakistan Economic Corridor (Cpec)

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Atif Shan Makhdoom, Aisha Bashir Shah, Kiran Sami

09 Feb 2018

TL;DR: The China Pakistan Economic Corridor (CPEC) is considered as the biggest and most effective deal between the two countries as mentioned in this paper, which is referred as a game changer project largely for Pakistan and reasonably for China.

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Abstract: China Pakistan Economic Corridor (CPEC) is considered as the biggest and most effective deal between the two countries. CPEC is referred as a game changer project largely for Pakistan and reasonably for China. CPEC consists of various trade routes from Gwader Pakistan to Kashgar China. These trade routes will not just be comprised of only roads but there will be various economic/industrial zones, electric power plants, fiber cable connections etc. This all development will be highly effective for the economic wellbeing and stability of Pakistan. CPEC can provide many economic benefits to Pakistan. The foremost advantage is the huge investment in Pakistan via CPEC projects which is around $ 46 billion. The future expectation level by both the countries is very high. China is one of the largest states of the world. The sea ports of China are covering only eastern and southern parts of China while the western and central parts of China face difficulty in easy access towards sea ports. However, they can be easily connected to sea ports via shorter routes through Pakistan once CPEC will be completed. CPEC can be termed as a game changer project for Pakistan because it has potential to help Pakistan in resolving important issues related to its economy, social well-being and geo-political importance.

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28 citations

Cites background from "China Pakistan Economic Corridor: A..."

...Ramay (2016) explains that the former President of Pakistan Mr. Asif Ali Zardari actively followed various developments to secure CPEC and cooperation from China....
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Journal Article•DOI•

China-Pakistan Economic Corridor: a gateway to sustainable economic development

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Shazia Kousar, Abdul Rehman, Mahwish Zafar, Kamran Ali, Nadia Nasir - Show less +1 more

30 May 2018-International Journal of Social Economics

TL;DR: In this paper, a review of the available literature to assess the role of CPEC in the sustainable economic development of Pakistan is presented, which indicates that CPEC is an ambitious development project because it needs a larger restructuring of the economy of Pakistan and it will be productive with the successful blend of policy changes and participation of the business community.

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Abstract: The purpose of this paper is to discuss positive spillovers of this project, especially for Pakistan because the majority of the literature discusses challenges associated with China-Pakistan Economic Corridor (CPEC).,This study reviews the available literature to assess the role of CPEC in the sustainable economic development of Pakistan.,This study indicates that CPEC is an ambitious development project because it needs a larger restructuring of the economy of Pakistan and it will be productive with the successful blend of policy changes and participation of the business community in Pakistan. This project primarily creates a huge amount of foreign direct investment for Pakistan, at the same time, it will also create greater trade opportunities to China by giving access to a new market for its trading goods.,This study established that CPEC will improve the economic growth and trade, enhance regional connectivity, overcome energy crises, develop infrastructure and establish people-to-people contacts in both the countries, which will further help to improve the tourism sector.

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26 citations

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References

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Journal Article•DOI•

China Pakistan Economic Corridor

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Dhrubajyoti Bhattacharjee

12 May 2015-Social Science Research Network

TL;DR: In this paper, the authors tried to find out the nuances of the Silk and Belt Road and how it can act as a boon or a bane for Pakistan as well as the region.

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Abstract: Present Sino Pakistan relations have turned a new leaf of economic development and cooperation. It is a major pathway for China's Silk and Belt Road program and might even solve the endemic energy crisis that Pakistan faces. But the paper tries to find out the nuances of the corridor and how it can act as a boon or a bane for Pakistan as well as the region.

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90 citations

"China Pakistan Economic Corridor: A..." refers background in this paper

...Route of energy will also be shortened considerably (Bhattacharjee, 2015)....
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The China-Pakistan Alliance: Rhetoric and Limitations

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Rosheen Kabraji

01 Dec 2012

TL;DR: Chatham House does not take institutional positions on policy issues as discussed by the authors, and does not owe any allegiance to any government or to any political body, except the United Kingdom's Parliament.

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Abstract: necessarily reflect the view of Chatham House, its staff, associates or Council. Chatham House is independent and owes no allegiance to any government or to any political body. It does not take institutional positions on policy issues. This document is issued on the understanding that if any extract is used, the author(s)/ speaker(s) and Chatham House should be credited, preferably with the date of the publication or details of the event. Where this document refers to or reports statements made by speakers at an event every effort has been made to provide a fair representation of their views and opinions, but the ultimate responsibility for accuracy lies with this document’s author(s). The published text of speeches and presentations may differ from delivery. Asia Programme Paper ASP PP 2012/01

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14 citations

"China Pakistan Economic Corridor: A..." refers background in this paper

...It will provide opportunity to China to establish and strengthen its position in Indian Ocean....
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...Relations between the two countries later strengthened after the devaluation of Indian currency in 1949, which impacted Pakistan’s economy badly....
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...String of Pearls, a term which is being used to describe a series of Sea Ports, i.e. Sri Lanka, Bangladesh, Burma and Pakistan has been considered as strategic investment to curtail India (Kabraji, 2012)....
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...International media, academicians, many western countries and India believe that CPEC is a strategic corridor, which covers the trade and development needs of Pakistan....
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...The first decade of relations was not as smooth as it were after 1960 especially after the China-India war, and PakistanIndia war....
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Book•

Pakistan and the great powers

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Mohammed Ahsen Chaudhri

01 Jan 1970

11 citations

"China Pakistan Economic Corridor: A..." refers methods in this paper

...Pakistan also utilized the Bandung Conference to clarify the doubts and China endorsed Pakistan’s seven pillars of peace at the conference (Chaudhri, 1970)....
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IN-DEPTH ANALYSIS Pakistan and China: 'Iron brothers' forever?

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Laurence Vandewalle

01 Jan 2015

TL;DR: The China-Pakistan Economic Corridor (CPEC) as mentioned in this paper is a multi-faceted network proposed by Chinese President Xi Jinping to transform South Asia's economy and geopolitics.

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Abstract: The Islamic Republic of Pakistan and the People's Republic of China have enjoyed longlasting and friendly ties – despite their ideological differences, evident in their very names. The two share far more than a 520 kilometre border, as underscored by the April 2015 visit of Chinese President Xi Jinping to Pakistan. On that trip – his first trip abroad in 2015 – Xi announced a EUR 41.30-billion commitment to building a multi-faceted network called the China-Pakistan Economic Corridor (CPEC). The CPEC can be understood as part of China's 'pivot to Asia' and plays a role in Beijing's broader 'One Belt One Road' initiative. If completed, the CPEC has the potential to fundamentally alter South Asia's economy and geopolitics.

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7 citations

"China Pakistan Economic Corridor: A..." refers background in this paper

...Trade reached to $15.15 billion in 2015 from $1 billion in 1998 (VANDEWALLE, 2015)....
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...It gradually expanded the trade volume between Pakistan and China from $1 billion in 1998 to $15.15 billion in 2015 (VANDEWALLE, 2015)....
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Journal Article•

China, Southeast Asia, and the United States

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Lowell Dittmer

01 Apr 2016-Contemporary Chinese Political Economy and Strategic Relations: An International Journal

3 citations

"China Pakistan Economic Corridor: A..." refers background in this paper

...The first step on this direction was its economic assistance for South East Asian Countries during the economic and financial crises of 1990....
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...It was also the beginning of change of relations with South East Asian Countries (Vaughn and Morrison, 2006)....
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