Dear MEL School’s Topic Readers,
Is China-Pakistan 'silk road' a
game-changer?
It’s not just the enemy of my enemy is my
friend. China’s announcement of investing $46bn to build an economic corridor
from Gwadar in Pakistan to Kashgar in the Chinese region of Xinjiang and other
infrastructure developing projects surprised the region and beyond. The amount
of the investment is far larger the ones Pakistan has received from the U.S.
since 2002.
This newly announced China-Pakistan
Economic Corridor (CPEC), a combination of transport and energy projects, also
aims to develop a major deep-sea port that will offer direct access to the
Indian Ocean and beyond. Since China is heavily depending on oil import from
Middle East, it seems vital to secure logistic lines to the region and also
faster access to ship goods to Africa and Europe.
And probably as usual, China will send many
of its workforce for the construction which could benefits their own people in
a short run as well.
Enjoy reading and learning this historical
long-term investment that could reverse the role in and around the Indian Ocean
regions.
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