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Positive Point of CPEC: A Multibillion-Dollar Investment
Positive Point of CPEC: A Multibillion-Dollar Investment
Positive Point of CPEC: A Multibillion-Dollar Investment
Chinese state-run news agency Xinhua on Wednesday responded to the concerns raised by
External Affairs Minister Sushma Swaraj over the China-Pakistan Economic Corridor (CPEC).
Xinhua said China was "unlikely to give up on the idea" of CPEC - which runs through
Pakistan-occupied Kashmir (PoK) - because of India's protest.
An ambitious project
The project was launched in 2015. If completed, the 3,000-km network of roads, railways
and pipelines will link western China to Southern Pakistan
Gwadar port
The Gwadar deep-water port in Baluchistan province is an important cog in the CPEC
apparatus. China Overseas Ports Holding Company Ltd, the Chinese firm that in 2013
took over port operations, expects Gwadar port to be fully operational before the end of
the year, and to process a million tons of cargo in 2017. Most of the cargo will be
construction materials for the CPEC. It is worth noting that in the conflict-torn region where
the port is situated, there has been a decades-long struggle for independence from
Pakistan, which is accused of siphoning the region's resources into its coffers to the
detriment of its residents.