Last year, an agreement between two longstanding allies in Asia, led to the creation of the China-Pakistan Economic Corridor (CPEC). Both countries expect CPEC to usher in an era of economic and geopolitical partnership, that can not only reinvigorate Pakistan’s ailing economy, but also advance China’s ambitious plans to reach previously untapped markets and resources in the Arabian Gulf, Africa and ultimately Europe.
For this purpose, the government in Beijing has sanctioned an overall investment of almost $50 Billion. This includes building a highway connecting their province of Xinjiang with Baluchistan. In addition, the deep sea port of Gwadar will receive a significant part of the investment, as well as the city of Gwadar itself and various other projects have already gotten underway, benefiting industries like energy, manufacturing, transportation, construction etc.
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