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China-Pakistan Economic Corridor (CPEC) as a Flagship of Chinese Belt and Road Initiative

Author

Listed:
  • Elena Aleksandrovna Egorycheva
  • Nataliya Valerievna Dyuzheva
  • Andrey Vladimirovich Girinskiy
  • Ekaterina Petrovna Makarova Korobeinikova

Abstract

Purpose: The article deals with China-Pakistan economic corridor (CPEC), which is considered to be a flagship corridor under Chinese “The Belt and Road Initiative” (BRI), also known as “One Belt One Road” or “New Silk Road”. Design/Methodology/Approach: The theme of this research allows to use a combination of various widely used methods and approaches. Classical scientific research methods such as: comparative method, statistical, system approach, structural and dynamic analysis form the methodological basis of the research. Content analysis and synthesis methods were applied to identify the ideological content and essence of China-Pakistan economic corridor. Findings: The authors identify the advantages and benefits that both Pakistan and China will gain. Further promoting of «westward» strategy, which facilitates the economic and social development of Western China, boost in export of capital, technology, production capacity are considered to give a new impulse of Chinese economy development. Practical implications: The authors investigate China-Pakistan economic corridor to be Beijing's most ambitious project so far and mark, that despite possible concerns and challenges, CPEC will succeed. Originality/Value: Analysis of China-Pakistan cooperation provides the understanding of China’s interests in CPEC. The current achievements of CPEC prove it to be a flagship of Chinese Belt and Road Initiative.

Suggested Citation

  • Elena Aleksandrovna Egorycheva & Nataliya Valerievna Dyuzheva & Andrey Vladimirovich Girinskiy & Ekaterina Petrovna Makarova Korobeinikova, 2020. "China-Pakistan Economic Corridor (CPEC) as a Flagship of Chinese Belt and Road Initiative," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 353-363.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:special1:p:353-363
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    References listed on IDEAS

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    1. Yousaf Ali & Muhammad Sabir & Muhammad Bilal & Mehnab Ali & Arshad Ali Khan, 2020. "Economic viability of foreign investment in railways: a case study of the China-Pakistan Economic Corridor (CPEC)," The Engineering Economist, Taylor & Francis Journals, vol. 65(2), pages 158-175, April.
    2. Maxim Vasilyevich Chernyaev & Irina Aleksandrovna Rodionova, 2017. "Analysis of Sustainable Development Factors in Fuel and Energy Industry and Conditions for Achievement Energy Efficiency and Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 16-27.
    3. Saranjam Baig & Mir Qasim & Li Xuemei & Khalid Mehmood Alam, 2020. "Is the China-Pakistan Economic Corridor an Opportunity or a Threat for Small and Micro-Entrepreneurs? Empirical Evidence from Northern Pakistan," Sustainability, MDPI, Open Access Journal, vol. 12(5), pages 1-1, February.
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