China-Pakistan Economic Corridor (CPEC): Challenges and Prospects in the context of Political and Economic Challenges associated with BRI Initiative
Abstract
This research paper explores Pakistan-Chinese political and bilateral relations in the context of BRI Initiative. There is a history to Pakistan-China relations, which favors both economies during their tough times. BRI-Initiative is a great opportunity for developing economies to grow globally and to testify their economic development programs. CPEC is the first and most important corridor of BRI-Initiative and aims to serve as a game changer for Pakistan-China. Belt One Road plan of China aims to improvise economic growth of more than 66 economies of the region. A large number of skilled and well-equipped human forces are projected to associate with various projects of CPEC under BRI. CPEC- initiative not only focuses on infrastructural development but also aims to cover economic development, social sustainability, technological advancement and industrial relocation. Global dimensions and regional connectivity due to BRI Initiative are main focus of this research article.
Authors
Naveed ur Rehman
Lecturer, University Law College, University of the Punjab, Lahore, Punjab, Pakistan
Noor Asfia
Research Associate, Ministry of Commerce Islamabad, Pakistan
Khadija Gull
Business Development Manager, Boss Bearings, Lahore, Punjab, Pakistan
Keywords
BRI, CPEC, Economic Growth, Political Relations, Regional Connectivity