{"id":119393,"date":"2021-07-17T15:28:23","date_gmt":"2021-07-17T09:58:23","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=119393"},"modified":"2021-07-17T15:28:23","modified_gmt":"2021-07-17T09:58:23","slug":"china-pakistan-economic-corridor-cpec","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/china-pakistan-economic-corridor-cpec\/","title":{"rendered":"CPEC &#8211; China Pakistan Economic Corridor"},"content":{"rendered":"\n<h5><strong>What is CPEC?<\/strong><\/h5>\n<p>The CPEC is bilateral project between Pakistan and China. Its stated objective is to enhance connectivity across Pakistan with a network of highways, railways, and pipelines accompanied by other infrastructure development projects.<\/p>\n<ul>\n<li>Under CPEC plan, China will invest in industrial power stations, roads and railways from <strong>Kashgar<\/strong> in Xinjiang (China) to <strong>Gwadar port<\/strong> (Pakistan) in the 3000 km long belt.<\/li>\n<li>The proposed project is financed by heavily-subsidized Chinese loans, disbursed to Pakistan Government by Chinese banking giants such as China Development Bank, Exim Bank of China and Industrial and Commercial Bank of China.<\/li>\n<li>CPEC is a component of <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/belt-and-road-initiative-bri\/\" target=\"_blank\" rel=\"noopener\"><strong>OBOR (One Belt One Road) initiative<\/strong> <\/a><\/span>of China.<\/li>\n<\/ul>\n<h5><strong>China&#8217;s interest in CPEC<\/strong><\/h5>\n<p>China is interested in CPEC because it will help it to access the Middle East and Africa from Gwadar Port, enabling China to access the Indian Ocean.<\/p>\n<h5><strong>Pakistan&#8217;s interest in CPEC<\/strong><\/h5>\n<p>China will support development projects in Pakistan to overcome the latter\u2019s energy crises and stabilizing its faltering economy<\/p>\n<h5><strong>India&#8217;s stand<\/strong><\/h5>\n<p>India is against joining CPEC due to the following reasons:<\/p>\n<ul>\n<li><strong>Passes through a disputed area<\/strong>: China\u2019s insistence on establishing the CPEC project through PoK is seen by India as infringing its sovereignty as it passes through disputed territory of Gilgit-Balistan.<\/li>\n<li>If CPEC project gets implemented successfully, this would hamper <strong>India\u2019s strategic interests in the South Asian region<\/strong>. It will serve Beijing&#8217;s strategic ambition to encircle India.<\/li>\n<li>If India joined CPEC, it would <strong>legitimize the territorial claims of China-Pakistan over the land<\/strong> that actually belongs to India.<\/li>\n<li>China is also building large dams (7,100MW Bunji Dam and the 4,500MW Diamer &#8211; Bhasha Dam) and military bases in this region, both affect India\u2019s<strong> riparian rights and strategic interests.<\/strong><\/li>\n<li><strong>China&#8217;s interference in Kashmir<\/strong>: India shares a great deal of trust deficit with China and Pakistan and has a history of conflict with both. China may emerge as a \u2018direct party\u2019 in the Kashmir dispute in future. Even though China has maintained a somewhat \u2018neutral\u2019 position on the Kashmir issue in recent years particularly since the Kargil war, terming it mostly as a \u2018bilateral historical dispute\u2019, the Chinese pursuit of the CPEC project may push it to revisit its position on Kashmir in future.<\/li>\n<li>CPEC doesn\u2019t offer any tangible benefits for India, unlike the <a href=\"https:\/\/forumias.com\/blog\/shanghai-cooperation-organisation-sco\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #0000ff;\">Shanghai Cooperation Organization<\/span><\/strong><\/a> and <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/asian-infrastructure-investment-bank-aiib\/\" target=\"_blank\" rel=\"noopener\">Asian Infrastructure and Investment Bank (AIIB)<\/a><\/strong><\/span><\/li>\n<\/ul>\n<p><strong>Source<\/strong>: <a href=\"https:\/\/idsa.in\/issuebrief\/india-participation-in-cpec_psingh_170217\" target=\"_blank\" rel=\"noopener\">IDSA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is CPEC? The CPEC is bilateral project between Pakistan and China. Its stated objective is to enhance connectivity across Pakistan with a network of highways, railways, and pipelines accompanied by other infrastructure development projects. Under CPEC plan, China will invest in industrial power stations, roads and railways from Kashgar in Xinjiang (China) to Gwadar&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/china-pakistan-economic-corridor-cpec\/\">Continue reading <span class=\"screen-reader-text\">CPEC &#8211; China Pakistan Economic Corridor<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-119393","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/119393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=119393"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/119393\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=119393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}