16 February 2017, by Siegfried O. Wolf
Source: Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, National University of Singapore.
The China-Pakistan Economic Corridor (CPEC), a multi-billion dollar infrastructure investment project, is heralded as a game changer for Pakistan’s economy and regional cooperation. It is a crucial part of a major development initiative led by China, known as the New Silk Road or ‘One Belt, One Road’ (OBOR), to connect Asia with Europe and the Middle East with Africa via land (belt) and sea (road). For the CPEC project and for those involved, it evokes hopes and a myriad of interests, and it signals a significant geopolitical shift. Continue reading “India’s Doubts about Joining the Chinese New Silk Road Journey”
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The China-Pakistan Economic Corridor (CPEC) is a significant part of a regional initiative led by China, known as ‘One Belt, One Road’ (OBOR) or the New Silk Road Economic Development Corridor. Basically the OBOR plan aims to revive ancient trade routes connecting Asia with Europe and Africa. This was a vision of Chinese President Xi Jinping in 2013. Since its announcement Xi’s vision has made headway and has become a major focus of Chinese diplomacy. Led by Beijing, the OBOR concept refers to two ambitious development proposals – the Silk Road Economic Belt (SREB) and the 21st Century Maritime Silk Road. The SREB seeks to revive the ancient Silk Road that once connected China with Europe by land via high-speed railroads, highways, energy and distribution networks, as well as fibre optic networks. The CPEC must be understood as a crucial part of the China’s OBOR’ initiative aiming at the establishment of an overland Silk Road Economic Belt and the Maritime Silk Road through Pakistani port facilities.