Towards Modern South-Asia: China-Pakistan Economic Corridor its Components, Challenges and Opportunities

Abstract

This research aims to explore the challenges, and opportunities of the China-Pakistan Economic Corridor (CPEC) both for Pakistan and China. This investigation is based on primary and secondary sources of data collection. It is believed that CPEC will improve infrastructure, trade, financial integration, mitigate the energy crisis, fostering China-ASEAN people-to-people bonds, influence over the south Asian region, minimizing the regional issues, and ultimately a way of promoting China-Pakistan’s regional connectivity. It will open the doors to maintain the peace in the region and minimizing the Kashmir issues between Pakistan and India. CPEC is expected to enlarge China’s political leverage over the Asian nations, whereas the linked countries will become China’s clients. China will also gain diplomatic, strategic and political advantages from the corridor as well as influence over the region. Full operationalization of the initiative will not only bring prosperity and peace to Pakistan but also the whole region.