China-Pakistan Economic Corridor Relaunch
The China-Pakistan Economic Corridor (CPEC) has become a strategic lifeline for Pakistan and a key foothold for China in South Asia.
Phase II of CPEC has faced numerous challenges, including attacks on Chinese personnel, slow loan repayment, and a lack of progress in executing major projects.
Despite these issues, Chinese Foreign Minister Wang Yi's visit to Pakistan in May 2025 suggested China's renewed interest in completing the project.
Phase II of CPEC aims to develop industrial parks, which relies on the availability of energy from Phase I to create jobs, facilitate production, and generate income.
Public pronouncements during Wang Yi's visit indicated China's commitment to CPEC's completion.
- Attacks on Chinese personnel have resulted in several deaths.
- Slow payback of loans has been a significant challenge.
- Lack of progress in executing major projects has hindered CPEC's development.
Author's summary: CPEC's relaunch highlights China-Pakistan interdependence.
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