Assessing the Economic and Strategic Significance of the China-Pakistan Economic Corridor

Abstract

The China-Pakistan Economic Corridor (CPEC) is a cornerstone of China's Belt and Road Initiative (BRI), designed to enhance economic integration and connectivity within the region. CPEC has significantly influenced Pakistan's economic landscape and regional politics, fostering infrastructure development, energy collaboration, industrial growth, and socio-political cooperation. This study employs a narrative review methodology, synthesizing data from academic texts, governmental reports, and policy briefs to comprehensively assess CPEC's impact and challenges. The findings highlight substantial enhancements in trade connectivity, long-term energy solutions, and industrial diversification. Nonetheless, critical challenges persist, including financial sustainability, security concerns, and environmental impacts. Policy recommendations emphasize debt management, environmental conservation, stakeholder inclusion, and transparent governance to ensure equitable and sustainable development. CPEC serves as a pivotal example of how strategic international collaborations can bolster regional stability and prosperity, offering insights for future global economic initiatives.