Clearing the misconceptions on CPEC: Chinese research fellow

News Image

MG News | July 24, 2018 at 11:25 AM GMT+05:00

The China-Pakistan Economic Corridor (CPEC) has become one of the earliest, fastest-moving, and most effective projects under the Belt and Road initiative.

Of the 43 projects confirmed at the beginning of the corridor, 20 are under construction or have been completed. “Another 157 projects in the corridor will be gradually completed in the next 12 years,” Zhou Rong, a senior research fellow with the Chongyang Institute for Financial Studies at the Renmin University of China told Global Times on Tuesday.

As a major pilot project of the Belt and Road initiative, the corridor has been lauded by the Pakistani government. Driven by the corridor construction, Pakistan's rate of economic growth rose to 5.97 percent last year from 3.5 percent in 2013, ranking top in Asia. As long as the corridor projects advance smoothly, economic growth can rise up to 9 percent, he added.

He said the corridor construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families. Many Pakistani employees have been sent to China for further study by Chinese-funded enterprises and will soon become the leading figures of the new generation seeing Pakistani industrialization.

On the other hand, although the Pakistani government and the military have been doing their utmost to protect the security of the CPEC, there are reports discrediting it by West-driven English language media, he added. Zhou Rong said there have been rumors, such as those saying that the corridor will follow the old road of the British East India Company and lead to a new colonization of Pakistan; China has sent a large number of prisoners to Pakistan to work on the construction in order to save labor costs; China only focuses on Punjab province; China won't offer preferential trade policy to Pakistan; the industrial park has become a special economic zone exclusive to Chinese capitals. All these rumors have had a negative impact. China has responded to the rumors on several occasions.

All Chinese engineers and technicians working in Pakistan have obtained the consent of the relevant departments of both governments. Beijing has never sent a person with a criminal record to work in Pakistan and has called back all Chinese people who have violated discipline in Pakistan. China did not send any soldier to Pakistan, nor build any military base in the country. 

The research fellow said that China respects Pakistan's social and economic development and has never insisted on completely equivalent reciprocity. It continues to provide Pakistan with preferential treatment in terms of trade. China has not stopped non-Chinese companies from entering the China-Pakistan economic free zone and has no reason to do so. And China prefers certain provinces in Pakistan because they have a good development record with a high degree of safety.

China and Pakistan should work together to curb the false reports on the CPEC through in-depth and multifaceted cooperation and build a good media corridor in between. Writers and intellectuals from both countries should also join hands to explore positive stories in the corridor. “I strongly agree with the China-Pakistan Life Rescue Corridor that is being built. We can also build corridors on employment and industrial parks so as to increase cooperation between bilateral enterprises and interaction between Pakistani and Chinese people,” he added. He opined the rapid construction and development of the corridor is not possible without the full protection and support of the Pakistani government and army.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 178,262.34
385.16M
4.23%
7241.13
ALLSHR 107,837.44
1,028.26M
3.85%
4001.05
KSE30 53,347.67
160.21M
4.70%
2395.68
KMI30 251,510.37
142.71M
4.52%
10876.50
KMIALLSHR 69,173.86
484.44M
3.91%
2601.11
BKTi 51,064.73
51.74M
4.91%
2391.50
OGTi 35,248.42
10.48M
4.59%
1546.17
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 65,285.00 66,075.00
63,875.00
1070.00
1.67%
BRENT CRUDE 90.66 93.60
87.55
-6.12
-6.32%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-1.55
-1.44%
ROTTERDAM COAL MONTHLY 120.00 120.00
120.00
-0.25
-0.21%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 84.02 86.20
82.12
-5.29
-5.92%
SUGAR #11 WORLD 14.60 14.75
14.54
-0.17
-1.15%

Chart of the Day


Latest News
July 27, 2026 at 04:39 PM GMT+05:00

Gold price in Pakistan rises Rs4,000 per tola


July 27, 2026 at 04:33 PM GMT+05:00

PSX Closing Bell: Good Times Roll


July 27, 2026 at 04:32 PM GMT+05:00

PKR holds firm, extends winning run against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg