HISTORICAL BACKGROUND OF CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC)

Abstract

“The China-Pakistan Economic Corridor (CPEC) is one of the greatest Chinese Silk Road Economic Belt as well as the 21st Century Maritime Silk Road Vision has initially been referred to by the Chinese XI president Jinping during his visit to South East Asia and Central Asia. As mentioned by Wang, (2011) the papers prepared by the Chinese government in March 2015 present the complete Actions and visions of its “Belt and Road Initiative” (BRI) vision. At the same time, it is considered that CPEC is also the major initiative from the Chinese government under the Built and Road Initiative that involves a vast investment of Chinese public and private sector investment”.