Beijing has invested significantly not only in financial terms but also politically. In this context, the success of the China-Pakistan Economic Corridor (CPEC) is essential to showcase Beijing’s model of development. The CPEC was announced in 2013 in response to the countries’ economic needs and political necessities. After the election that brought Imran Khan to power, Chinese-Pakistani relations entered a difficult phase due to the criticism of the new government concerning the conditions of the loans. More recently, however, the CPEC has seen a revival as the countries have settled certain differences and signed new multibillion agreements in amongst others the energy domain.
China Announces Hydropower Megaprojects In Pakistan
- Post author:geo_admin
- Post published:08/07/2020
- Post category:Uncategorized
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