ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Mishandled China-Pakistan Economic Corridor could misfire

Islamabad may be attempting too much, too fast amid mounting debt problems

| China
 (placeholder image)
Gwadar Port, a key project in the China-Pakistan Economic Corridor, in Gwadar, Pakistan in 2016   © Reuters

It has been a tumultuous two years in Pakistan and China's regional interactions. Since it was launched on April 20, 2015, the China-Pakistan Economic Corridor has sparked praise, skepticism, and even violence. The result is widespread confusion about what is driving this $55 billion energy and infrastructure effort, and how it will impact the region.

Praise has been heaped on the initiative by leaders of both countries. In a speech to Pakistan's parliament two years ago, Chinese President Xi Jinping described CPEC as central to an "all-weather strategic cooperative partnership." The China-Pakistan friendship, he said, is "higher than the mountain, deeper than the sea, and sweeter than honey."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more