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    China-Pakistan Economic Corridor


    The China-Pakistan Economic Corridor (CPEC) was proposed by Premier Li Keqiang during a visit to Pakistan in May 2013. The 3,000-kilometer-long corridor starts from China’s Kashi and ends at Pakistan’s Gwadar, and connects the Silk Road Economic Belt in the north and the 21st Century Maritime Silk Road in the south. It is a trade network of highways, railways, pipelines and optical cables and is a flagship project under the Belt and Road Initiative.


    China and Pakistan developed a long-term plan for the construction of transport and power facilities along the corridor in April 2015. These facilities are expected to spur the launch of other major projects in infrastructure, energy, water conservancy, and information and communications, including industrial parks and free trade zones. With an investment totaling US billion, construction of the CPEC is scheduled to be completed by 2030.


    President Xi Jinping and Prime Minister Nawaz Sharif were present at the ground-breaking ceremony for five major projects on April 20, 2015, when over 30 agreements and memoranda in relation to CPEC cooperation were signed.


    The CPEC is designed to enhance bilateral exchanges and cooperation in transport, energy and maritime shipping, foster connectivity between the two countries, and promote common development. It will also help enhance connectivity across the whole of South Asia, and expand cooperation in economic and energy sectors between the countries in South and Central Asia, North Africa and along the Persian Gulf, thus forming an economic radius benefiting nearly three billion people.

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