Exclusive Interview with Deutsche Welle, conducted by Shamil Shams:
14 November 2016, Siegfried O. Wolf
Pakistani Prime Minister Sharif has hailed the China-Pakistan Economic Corridor (CPEC) as a harbinger of change for the region. But analyst Siegfried O. Wolf tells DW the project comes with a big price for Islamabad.
Exclusive Interview with E-International Relations, conducted by Satgin Hamrah:
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.