Problems and Prospects of CPEC for Economic Development and Regional Integration

Abstract

China is keenly observing the dynamics of world politics and to meet the challenges of the existing world, China is focusing on economic development and industrialization. China is also trying to facilitate other states to overcome their economic problems by providing them with foreign direct investment, loans, development projects, technical assistance, infrastructure building etc. By doing this, it is pursuing the goal of regional integration and connectivity. Almost more than sixty-five countries are going to be linked with this unique project. Specifically, CPEC has the potential to bind tightly the most important regions of the world such as East Asia, South Asia, Central Asia, Middle East, and Eurasia. In this regard, China is facing some serious problems and challenges created by the status quo powers. This research paper highlights the importance of regional integration and the step towards this objective in the shape of CPEC.

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