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China-Pakistan Economic Corridor: 10 Years On

In celebration of the 10th anniversary of signing CPEC, the Pakistani prime minister hailed the tangible socio-economic benefits brought by the projects under the CPEC and had high hopes for further enhancing China-Pakistan cooperation.

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This photo taken on March 21, 2023 shows the view of the Thar Coal Block-I Coal Electricity Integration project under the framework of the China-Pakistan Economic Corridor (CPEC) in Sindh province, Pakistan. (Xinhua/Ahmad Kamal)

Pakistani Prime Minister Shahbaz Sharif said on Wednesday that the China-Pakistan Economic Corridor (CPEC), a flagship project of the China-proposed Belt and Road Initiative (BRI), has been playing a pivotal role in transforming Pakistan’s economic landscape.

The implementation of a number of multi-billion-dollar development projects under the CPEC has brought socio-economic benefits to Pakistan and helped the country progress in the region and beyond, Sharif said while addressing a ceremony to mark a decade of the signing of CPEC.

Launched in 2013, the CPEC is a corridor linking the Gwadar port in southwestern Pakistan with Kashgar in northwest China’s Xinjiang Uyghur Autonomous Region, which highlights energy, transport, and industrial cooperation.

Over the past 10 years, the CPEC has gathered momentum unheard of in Pakistan’s economic history with complete support from the Chinese leadership, the prime minister said.

“The CPEC is all about a story of hard work and untiring commitment between the leadership of Pakistan and China,” he said, adding that Pakistan ushered in a new era of development with the completion of hundreds of projects under the umbrella of CPEC, including energy and infrastructure projects.

Highlighting the tireless efforts made by the Chinese and Pakistani staff working on the CPEC projects, Sharif said that thousands of Chinese workers along with their Pakistani counterparts worked day and night and completed many projects ahead of schedule, reflecting unparalleled commitment and exuberance of the two sides.

He said that the pace of work on the CPEC projects will be further expedited in the coming days, and the cooperation between the two countries is being enhanced in various areas including agriculture, special economic zones, information technology, and exploration of mineral resources.

The prime minister also thanked the Chinese government for supporting Pakistan during the financial crisis, underlining the financial support by China including the rollover of its loans.

Xinhua News Agency

Founded in 1931, Xinhua News Agency is one of the largest news organizations in the world, with over 10,000 employees across the globe. As the main source of news and information for China, Xinhua plays a key role in shaping the country's media landscape and communicating its perspectives to the world. The agency produces a wide range of content, including text news articles, photos, videos, and social media posts, in both Chinese and English, and its reports are widely used by media organizations around the world. Xinhua also operates several international bureaus, including in key capitals like Washington, D.C., Moscow, and London, to provide in-depth coverage of global events.

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