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Economy

China-Pakistan corridor could help stabilize South Asia

Dialogue with India and Afghanistan needed to maximize regional benefits

| China
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Pakistan's Prime Minister Nawaz Sharif speaks at the inauguration of the China-Pakistan Economic Corridor port in Gwadar, Pakistan, on Nov. 13.   © Reuters

So far in its two-year history the China-Pakistan Economic Corridor has fanned Indian-Pakistani rivalry and added to regional security tensions. But the $55 billion infrastructure and energy project, officially launched on April 20, 2015 (though some elements date back much further), does hold some potential to catalyze South Asian stability and economic integration.

For this to happen, India and Afghanistan need to have stakes in the success of CPEC, part of China's ambitious Belt and Road Initiative. However, there are several formidable challenges in the way.

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