Who is the new beneficiary of the future route plan
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The CPEC (China–Pakistan Economic Corridor) future route plan is 3,218 km lengthy route that will be embodied by highways, railways and pipelines.
CPEC is a collection of infrastructure projects that are currently under construction throughout Pakistan. CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.
The major beneficiary of the CPEC future route plan is Pakistan. Pakistan was the early beneficiary of the OBOR Initiative between China and Pakistan and the CPEC projects seem to imitate the success.
Although the Chinese companies are involved in constructing energy projects worth $ 33 billion as part of the CPEC, academic research says that China will accrue very little benefits by being the financer of the project. The only major benefit for China could be that its companies can benefit from the cheap labour in Pakistan, where two-thirds of the population is under the age of 25 years while retaining opportunities of highly skilled job markets to the Chinese nationals.
CPEC is a collection of infrastructure projects that are currently under construction throughout Pakistan. CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.
The major beneficiary of the CPEC future route plan is Pakistan. Pakistan was the early beneficiary of the OBOR Initiative between China and Pakistan and the CPEC projects seem to imitate the success.
Although the Chinese companies are involved in constructing energy projects worth $ 33 billion as part of the CPEC, academic research says that China will accrue very little benefits by being the financer of the project. The only major benefit for China could be that its companies can benefit from the cheap labour in Pakistan, where two-thirds of the population is under the age of 25 years while retaining opportunities of highly skilled job markets to the Chinese nationals.
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The future route
The proposed china roads initiative project with pakistan has hit the headlines in the recent past .it aims at opening up remote areas while at the same time promoting cohesiveness and trade among these countries .some of the new beneficiaries include malayisia ,kazakastan
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