essay cpec 120 words
Answers
China Pakistan Economic Corridor (CPEC) has a potential to bring regional economic integration and cooperation. It is a win-win situation for both China and Pakistan as they are the primary beneficiaries of the project. It has a capacity to cater to the needs of the landlocked Central Asian States. Moreover, it will provide safe and shortest route to the fastest growing Chinese economy. It will also stimulate the economy of our country. The new emerging power dynamics pose serious challenges to the CPEC. If these challenges are effectively tackled, it may lead to economic interdependence which could be a milestone for peace and economic development for the region. Pakistan has a key strategic importance in the region. From Eastern side, arch-rival India is situated. India is the largest democracy and the biggest emerging market in the world. From western side of the border is Afghanistan that is one of the most troubled zones in the world. War is ongoing there since 9/11. China, the second largest economy and the most dominant all over the global markets,
China Pakistan Economic Corridor (CPEC) has a potential to bring regional economic integration and cooperation. It is a win-win situation for both China and Pakistan as they are the primary beneficiaries of the project. It has a capacity to cater to the needs of the landlocked Central Asian States. Moreover, it will provide safe and shortest route to the fastest growing Chinese economy. It will also stimulate the economy of our country. The new emerging power dynamics pose serious challenges to the CPEC. If these challenges are effectively tackled, it may lead to economic interdependence which could be a milestone for peace and economic development for the region. Pakistan has a key strategic importance in the region. From Eastern side, arch-rival India is situated. India is the largest democracy and the biggest emerging market in the world. From western side of the border is Afghanistan that is one of the most troubled zones in the world. War is ongoing there since 9/11. China, the second largest economy and the most dominant all over the global markets,