The Bilateral Relationship of China in global trading and economics

The China Pakistan Economic Corridor (CPEC) is a multi-billion dollar venture which has the potential to change Pakistan’s fate, and can set the country on a course of advancement. It has the potential toenhance the crippling economy and trading; improve Pakistan’sregional activities and connections.

The various energy projects that are to be built under CPEC will also resolve the energy crises that Pakistan has been facing. The province of Baluchistan is also planned to go through a lot of development, in terms of infrastructure and road networks. In fact some of the projects have already started, and started increasing the value of land for sale in Gwadar. In any case, now, China is assuming a central trading role not only in whole of Asia, but the whole world. Having the biggest population in the world, China is also rapidly becoming the world’s biggest economy as well.

So the main objective of China and Pakistan are focusing their combined efforts to re-establish the Old Silk road, which is one the most notable old trade routes, which will run from Gwadar (Pakistan) to Kashgar (China).

China’s CPEC project plays part in even a bigger project known as the ‘One Belt One Road’, this project has a total net value of $ 21 trillion, and through this China has wishes to connect various countries and regions. This way Pakistan will also participate in this global scheme and will have new trading markets.

China-Pakistan Bilateral Trading& Economic ties:

Over the year both countries have made strong ties, and have established bilateral economic and trading ties. Pakistan and China have been cooperating over the years in many fields with each other. China is in fact one of Pakistan’s biggest partner for the exporting and importing of goods.

Now the CPEC project will maximize the trade in the country and expand sustainable development scope of Pakistan. The various investments being made by China will increase the $ 247 billion GDP of Pakistan by at least 15%. This will prove to be very advantageous for Pakistan in the future.