Pakistan and China Enter New Phase of CPEC

Tue Feb 27 2024
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BEIJING: Pakistan and China have agreed to embark on a new phase of the China Pakistan Economic Corridor (CPEC), focusing on industrial cooperation, agriculture, mining, and energy sectors. This decision comes on the heels of the 10th anniversary of CPEC, a flagship project under the Belt and Road Initiative.

In an interview with China Daily, Pakistani officials expressed their enthusiasm for the next phase, emphasizing the importance of high-quality development and sustainability in project implementation. Both countries aim to leverage existing infrastructure and align future projects with their shared interests and priorities.

China’s global vision, including the Belt and Road Initiative and the concept of a community with a shared future for mankind, resonates with Pakistan’s goals of universal prosperity. Pakistani officials lauded President Xi Jinping’s emphasis on win-win cooperation and highlighted China’s commitment to innovation, open economies, and adherence to international standards.

At the third Belt and Road Forum for International Cooperation, President Xi outlined eight major steps to support high-quality Belt and Road cooperation, signaling China’s dedication to building a multidimensional connectivity network and fostering an open world economy.

The concept of a community with a shared future holds particular significance in today’s era, as China shares its development experiences and best practices with the developing world. China’s Global Development Initiative (GDI), aligned with the UN’s Sustainable Development Goals, presents a concrete vision and action plan for sustainable development.

The China International Development Cooperation Agency focuses on “small yet smart” projects that directly impact people’s lives, enhancing livelihoods and addressing key areas such as health, education, and water management. These projects, prioritized under the GDI and Belt and Road Initiative, demonstrate China’s commitment to inclusive and sustainable development.


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