china investment belt road initiative

Dr. Zhang Yifeng, a Chinese scholar, said Friday that China intends to invest $ 1.3 billion in member states of the Belt and Road Initiative (BRI) by 2027, which would become the largest investment of any state to help promote regional and trans regional connectivity. Commerce.

China plans to boost bilateral trade with Pakistan from $ 12 billion to $ 20 billion

Addressing the members in a seminar entitled “CPEC: an overview of current developments” held under the aegis of the Muslim Institute, the Chinese academic from the Academy of Social Sciences in Shanghai, China, said that the China-Pakistan Economic Corridor ( CPEC) has truly become a gateway to prosperity through the union of western China with Pakistan. He said China has entered an era of geo-economics relations with Pakistan and plans to boost bilateral trade from $ 12 billion to $ 20 billion.

Apart from Dr. Zhang Yifeng, Professor Zamir Ahmed Awan of the National University of Science and Technology (NUST) Islamabad, Dr. Hassan Yaser Malik, collegiate member of the Institute of Logistics and Transport, United Kingdom, defense analyst Brig® Asif Haroon Raja, President of the Muslim Sahibzada Institute Sultan Ahmad Ali, former president of the Islamabad Chamber of Commerce, Zafar Bakhtavri and the Institute of International Relations, Shanghai Academy of Social Sciences, Deputy Director of China, Dr. Li Kaisheng, also spoke on the occasion.

Dr. Zhang said that the CPEC is the cornerstone of BRI that is rooted in the Silk Road. He said that the CPEC is the spirit of peace, cooperation, openness, inclusion and mutual benefit.

“BRI gives Pakistan and the surrounding countries a great opportunity by offering an integrated platform for more than three billion people in the center, west, south Asia, as well as in the Middle East and Africa,” he said.

The Chinese academic said that the objective of the CPEC is to boost Pakistan’s economic growth while guaranteeing energy security, the development of the agricultural sector in the modern line, the establishment of Special Economic Zones (EEZs), tourism development, human resources development, national integration and regional links. As well as technological innovations.

“Asia remains the epicenter of the transformation of the 21st century, as the center of economic power is shifting from the West to the East. Regional cooperation is becoming the need of time. Commercial and economic cooperation in the context of the geopolitical and environmental portfolio has increased enormously. “The Pakistan-China relationship has reached new heights under BRI due to its economic and strategic importance,” he added.

BRI – Belt and Road Initiative

BRI Belt and Road Initiative

Dr. Li Kaisheng said that, regardless of the opposition of the CPEC from some corners, the geopolitical scenario is changing rapidly and things are improving for Pakistan after its long and hard journey.

He said Russia wants to join CPEC and is warming up with Pakistan and establishing military ties with it.

“China and Russia are strategic partners and promote their respective strategic links with Pakistan. “Successive governments must remain focused and committed until the completion of ongoing projects,” he added.

He said the provinces should focus on the completion of industrial parks, rail lines and for the port of Gwadar to be operational as soon as possible.

“The ports of Gwadar-Chahbahar must complement each other to obtain mutual gains. To guarantee cooperation, Pakistan and Iran must strengthen bilateral relations. For Iran, CPEC provides an opportunity to break its international isolation, “he added.

Dr. Li said that the CPEC connected to Gwadar has the potential to radically alter the regional dynamics of trade, development and politics.

“CPEC is a game changer for the entire region.”It will raise the lives of some 3 billion people in China, Central Asia, South Asia and the Middle East,” he concluded.

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