International programs to improve China's role
chinadaily.com.cn | Updated: 2017-09-21 16:38
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| A photo shows the Gwadar Port in Pakistan on Nov 14, 2016. [Photo/Xinhua] |
3. China-Pakistan Economic Corridor
The China-Pakistan Economic Corridor (CPEC), one of the six economic corridors envisaged by the Belt and Road Initiative, has seen rapid progress, with major highway, railway and port projects underway.
Last year, $1.8 billion from China, Pakistan's largest investor, was used to implement many CPEC projects, especially in energy.
Gwadar Port is an important part of the economic corridor. The port will help China to extend trade to Middle East and Africa by getting around the Strait of Malacca. It is adjacent to the Gulf, providing China a 3,000 kilometer overland route from the port to Xinjiang to import crude oil.
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