Challenges and Opportunities of China-Pakistan Economic Corridor (CPEC): An Analysis

Abstract

The China-Pakistan Economic Corridor (CPEC) is a strategically significant bilateral initiative aimed at connecting Gwadar Port in Pakistan with China's Xinjiang region through a network of transportation and energy projects. Despite its potential to spur economic growth and regional integration, CPEC also faces several challenges, including political and security risks, social and environmental impacts, and economic and financial viability. This paper reviews the literature on the future opportunities and challenges of CPEC, with a focus on its economic, political, and strategic implications. The findings suggest that CPEC has the potential to significantly enhance regional trade, investment, and economic growth, but also faces significant risks and challenges that need to be addressed to ensure its long-term viability and success. The paper concludes by highlighting the importance of continued research on CPEC, in order to better understand its potential impacts and to ensure that its opportunities and challenges are effectively addressed in the years to come.