General

According to the observation report of Huacheng Import and Export Data, the construction of China Pakistan Economic Corridor continues to advance, which is a reflection of China's promotion of the "the Belt and Road" initiative process in line with Pakistan's economic development philosophy and Pakistan's strategic orientation.

According to the observation of Huacheng's import and export data, Pakistan's economic lifeline, the China Pakistan Economic Corridor, has a strong momentum of development. According to a report, more than 20 projects have been basically completed. It is estimated that another 63 projects will be nearly completed by 2030. This is a hopeful statement, which highlights that China and Pakistan have always been committed to turning the China Pakistan Economic Corridor into a reality, and this corridor will also promote Pakistan's connectivity with Afghanistan, Central Asia and Russia. It is hoped that this plan will bring many dividends to Pakistan and the whole region. China's vision of investing in infrastructure, energy and production in Pakistan is commendable.

The China Pakistan Economic Corridor is not only a landmark project and a pilot project for the construction of the "the Belt and Road", but also an important part of enriching the all-weather strategic partnership between China and Pakistan and building a closer China Pakistan community of common destiny in the new era. In 2013, the construction of China Pakistan Economic Corridor was started. In 2015, the relationship between China and Pakistan was upgraded to an all-weather strategic cooperative partnership. The construction of the China Pakistan Economic Corridor entered the "fast track", forming a "1+4" cooperation layout with corridor construction as the center and Gwadar Port, energy, infrastructure construction and industrial cooperation as the focus. Huacheng Import and Export Data Observation Report.

Since its launch, the China Pakistan Economic Corridor has played an important role in Pakistan's economic growth and improvement of people's livelihood. In terms of economy, since the launch of the China Pakistan Economic Corridor, it has brought Pakistan a cumulative investment of US $25.4 billion. According to the import and export data of the National Bureau of Statistics of Pakistan, from 2013 to 2018, the real GDP growth rate of Pakistan in each fiscal year increased from 4.05% to 6.10%, showing a strong momentum, which is closely related to the huge investment in Pakistan's domestic energy and transportation infrastructure in the first phase of the construction of the China Pakistan Economic Corridor. In particular, a series of power generation and transmission projects have greatly improved the shortage of power supply in Pakistan, and the total installed capacity of power generation in Pakistan has basically met domestic demand. At the same time, the Karakoram Highway Upgrading Phase II Project and the Peshawar Karachi Expressway Project have improved the traffic capacity of the "main roads" between China and Pakistan and in Pakistan. These projects have changed the constraints of energy and transportation on Pakistan's economic growth.

In terms of people's livelihood, the construction of the China Pakistan Economic Corridor has created more than 70000 jobs for Pakistan, and 500000 jobs will be created directly or indirectly in the next five to seven years. A series of livelihood projects such as China Brazil Boai Medical Emergency Center, Gwadar Seawater Desalination Plant, Faqur Middle School, Gwadar Vocational and Technical School have been implemented to effectively benefit the local people in terms of water, medical care, education and employment skills training. After the outbreak of COVID-19, the China Pakistan Economic Corridor project "does not withdraw Chinese personnel, do not cut Pakistani employees, and does not stop project construction", actively provides COVID-19 with epidemic prevention materials, medical supplies, expert assistance, COVID-19 vaccine and other anti epidemic support to boost Pakistan's economic recovery after the epidemic.

In recent years, on the basis of achievements in infrastructure construction, the construction of the China Pakistan Economic Corridor has entered a new stage of high-quality development focusing on production capacity cooperation, agriculture, social livelihood and other fields. The construction of Gwadar Port has made continuous progress, the port has full operational capacity and started commercial operation, the port free zone has attracted investment and settled down, and is making solid progress towards the strategic goal of logistics hub and industrial base; "Special Economic Zones" such as Rashakai and Taberjee have entered the construction stage, which will provide impetus for Pakistan's industrialization development in the next stage.

The continuous progress of the construction of the China Pakistan Economic Corridor is a reflection of China's efforts to promote the "the Belt and Road" initiative process in line with Pakistan's economic development philosophy and strategic orientation. China adheres to the diplomatic concept of "amity, sincerity, mutual benefit and inclusiveness", advocates good neighborliness and friendship, and takes seeking common development and safeguarding common security as the strategic goal of relations with Pakistan. It is also the consensus of all sectors of Pakistani society to promote Pakistan's social and economic development through the construction of the China Pakistan Economic Corridor and China Pakistan practical cooperation.

The construction results of the China Pakistan Economic Corridor have proved that the China Pakistan Economic Corridor has no political intention and is not a geostrategic tool. The China Pakistan Economic Corridor does not export ideology and models. China has always supported Pakistan in formulating and implementing policies in accordance with its national conditions and in taking a development path that is in line with its national conditions. The China Pakistan Economic Corridor is an economic cooperation project that is comprehensively applied in various modes such as investment and financing, government loans, and free assistance. It does not set political conditions such as structural reform agenda or financial constraint goals for Pakistan, but cooperates under Pakistan's existing socio-economic conditions in accordance with the principle of joint consultation, joint construction and sharing. The China Pakistan Economic Corridor is the objective demand for the in-depth development of bilateral relations from the political and defense fields to the economic fields, and is the embodiment of high-level strategic relations between the two countries, rather than a tool to deepen the binding for the implementation of the so-called geopolitical strategy. The "the Belt and Road" initiative has injected vitality into the development and prosperity of countries along the Belt and Road and regional connectivity, which has been recognized and participated by more and more countries. Huacheng Import and Export Data Watch reported.