Eco403 gdb Solution
Traditionally, China and Pakistan have cooperated
closely at the strategic and political levels. Now the two nations are making
efforts to expand their bilateral collaboration economically as well. The
construction of the China-Pakistan Economic Corridor (CPEC) is a milestone that
signifies. This initiative has been well-received in both countries, although
it is not without its problems.1 Nevertheless, China and Pakistan regard the
CPEC as a new source of potential synergy between their respective national
development strategies, which may help the two countries translate their close
political cooperation into multifaceted economic cooperation, attain mutual
benefits, and achieve win-win outcomes. For the economic corridor to reach its potential,
however, there are security and political challenges in Pakistan that must be
addressed.s this shift. The CPEC appears to be a very crucial project for both
the countries. For China it provides an alternate secure route to import Energy
and find new markets for its goods and services. For Pakistan it helps counters
Indian influence in the region, position itself as a major transit point
connecting Eurasian region with South Asia and South East Asia and provide a
much needed base to kick start its economic growth.It will connect western,
central and eastern route of China Pakistan Economic Corridor not only
providing employment opportunities to locals but would provide telecom services
in un served and underserved areas of the route
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