Posted on November 12, 2018 at 01:00 PM
China and Pakistan have announced $64 billion projects called China-Pakistan Economic Corridor. Pakistan and China proposed to connect the Chinese city Kashgar with Pakistan's Gwadar port, extensive developments of the Gwadar port and construction of oil refinery with the investment of Saudi Arabia will connect these regions with each other. Gwadar port will be fully operational till 2025 and different countries like China, Pakistan, Iran, India, Afghanistan and Central Asian states will benefit.
Pakistan and China have focused on infrastructural development like the development of roads, new international Gwadar airport and, number of wind, solar, coal and hydropower projects.
Pakistan and China made an agreement of Gwadar port for 43 years lease. China and Pakistan agreed on defence agreement and provide eight attack submarines. It is the best example of Chinese investment in different countries.
Instead of trying sanctions on different countries and demoralizing its value like the USA is doing, China focused on trade with different countries. China offers projects of mutual interest with other countries but under Chinese control.
The benefit of Gwadar port development to China is that it will directly access to Iranian oil instead of using Strait of Malacca and south of China sea, where it can be interrupted by Japan, India or USA. The route is 6000 miles shorter than the sea route. Iran can access direct oil pipeline without going through Sea.
China Pakistan Economic Corridor passes through Gilgit Baltistan which is a disputed territory of occupied Kashmir, which means China thinks its more important project to demoralize India.