How much China is investing in CPEC?
Under the CPEC project, China has announced financing for $10.63 billion worth of transportation infrastructure so far; $6.1 billion have been allocated for constructing "Early Harvest" roadway projects at an interest rate of 1.6 percent.
China's engagement in the Belt and Road initiative (BRI)
Of this engagement, about US$13.9 billion was through investment, and US$45.6 billion through contracts (partly financed by Chinese loans). China's overall engagement is a steady development compared to 2020, when Chinese engagement was about US$60.5 billion.
The total committed amount under CPEC of $50 billion is divided into two broad categories: $35bn is allocated for energy projects while $15bn is for infrastructure, Gwadar development, industrial zones and mass transit schemes. The entire portfolio is to be completed by 2030.
CPEC is at least 15 year long term project to be completed in phases. Our development goal is to have balance regional development in phases. The US $ 46 Billion is a broad commitment of investment and concessional loans have been principally committed by China in the early harvest phase.
The Chinese people in Pakistan (Urdu: چینی) comprise one of the country's significant expatriate communities. The China-Pakistan Economic Corridor has raised the expatriate population, which has grown from 20,000 in 2013 to 60,000 in 2018.
India has repeatedly registered its protests over CPEC, the flagship project of China's Belt and Road Initiative (BRI), saying it is in violation of its sovereignty as it passes through Pakistan-occupied Kashmir (PoK) - Indian Territory illegally occupied by Pakistan.
The Chinese government's overseas-development policy has been called debt-trap diplomacy because if an indebted country fails to service its loans, it becomes vulnerable to pressure from China to support its geostrategic interests. According to Brahma Chellaney, "It's clearly part of China's geostrategic vision".
China Belt And Road Projects Value Now Exceeds US$4 Trillion.
Key Takeaways. China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019.
China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, Central Asian Republic, and the region.
How CPEC will boost Pakistan's economy?
CPEC investment in transport infrastructure will boost the trade within Pakistan and increase trade and economic cooperation with China. Pakistan will shift the trade routes with China and other countries from sea and air to cheapest land transportation.
CPEC was planned to be completed in three phases. The first phase of CPEC was to remove key economic bottlenecks namely energy and infrastructure. The current phase is about industrialization, socio-economic and agricultural cooperation and promoting business and consolidating developments.
After official announcement of China Pakistan Economic Corridor (CPEC), around 37 zones were proposed as “Special Economic Zones” in all provinces of Pakistan. Out of these 9 SEZs are prioritized to be established in each province and other federal areas of Pakistan.
On 8th September, 1958, Pakistan purchased the Gwadar enclave from Oman; Gwadar officially became part of Pakistan on the 8th of December, 1958. Gwadar is strategically located at the apex of the Arabian Sea and at the mouth of the Persian Gulf.
| Sr.# | Name & Designation with Ministry / Department / Organization |
|---|---|
| 1. | Mr. Abdul Razak Dawood, Advisor to Prime Minister for Commerce & Investment |
| 2. | Chairman, BoI |
| 3. | Lt. Gen (R) Asim Saleem Bajwa, Chairman, CPEC Authority |
| Members | |
There are tiny communities of Chinese who migrated to India during the British Raj and became naturalised citizens of India and there are 189,000 estimated total ethnic Chinese of Chindian or full Chinese ancestry.
Other sources report more with a columnist for the Economic Times stating that the number of Indians in China was 45-48,000 in 2015. Many Indians in China are students, traders and professionals employed with MNCs, Indian companies and banks. There are three Indian community associations in the country.
The current Chinese word for India is Yìndù (印度), first used by the seventh-century monk and traveller Xuanzang. Similar to Hindu and Sindhu, the term Yìn 印 was used in classical Chinese much like the English Ind.
Pakistan-occupied Kashmir, the name used by India for the portion of Kashmir under Pakistani administration.
The Bank of Russia could hold $80 billion of yuan debt, while the National Wealth Fund is estimated to own $60 billion, analysts including Raymond Yeung wrote in a report Wednesday. Together, that represents almost a quarter of foreign ownership in China's domestic bond market, they said.
How much is India in debt?
India's external debt was US$ 570 billion at the end of March 2021. It recorded an increase of US$ 11.6 billion over its level at end of March 2020. The external debt to GDP ratio increased to 21.1% at end of March 2021 from 20.6% an year ago.
Between 2001 and 2018, China loaned approximately $126 billion to African countries. Between 2001 and 2018, China invested $41 billion in FDI. The voting alignment index between African countries and China was -0.085 in 2001, and -0.019 in 2018. Thus, the investments from China resulted in 78% greater voting alignment.
Many of the projects have been successful; for example, one study launched in 2018 by Rand Corporation found that BRI transportation connectivity can boost trade and foreign direct investment, and speed up industrialization and economic growth.
Overall, in China, bank loans have become the major source of funding for infrastructure projects. State-owned commercial banks and policy banks hold around 80 percent of total infrastructure loan portfolios, and bank financing accounts for more than half of total infrastructure financing.
Its top imports are integrated circuits ($207B), crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).
- Vehicles: $108.9 billion (3.6%)
- Toys, games: $94 billion (3.1%)
- Optical, technical, medical apparatus: $88.8 billion (2.9%)
- Articles of iron or steel: $85.4 billion (2.8%)
- Knit or crochet clothing, accessories: $78.2 billion (2.6%)
- Organic chemicals: $73 billion (2.4%)
Exports The top exports of China are Broadcasting Equipment ($223B), Computers ($156B), Integrated Circuits ($120B), Office Machine Parts ($86.8B), and Other Cloth Articles ($60.7B), exporting mostly to United States ($438B), Hong Kong ($262B), Japan ($151B), Germany ($112B), and South Korea ($110B).
Improved access to western China
In addition to its significance to reduce Chinese dependence on the Sea of Malacca and South China Sea routes, the port of Gwadar will provide China an alternative and shorter route for energy imports from the Middle East, thereby reducing shipping costs and transit times.
In May 2018, the Securities and Exchange Commission of Pakistan (SECP) registered 1,094 new companies.
The big disadvantage of this country is corrupted government and due to it there is lack of basic amenities for people like traffic, good food, electricity, management etc. These minor problems cause …show more content… The rich people eat good food as they have money. There needs are fulfilled by money.
What will Pakistan do 2030?
PAKISTAN : VISION 2030. Pakistan in 2030 will be a middle income country with per capita income in 2005 constant US dollars of over 3000. The incidence of poverty will be around 10% and income gender and regional disparities will be lowered by at least one half of the current levels.
| # | Project Name | Length (KM) |
|---|---|---|
| 1 | D.I Khan (Yarik) –Zhob (N-50) | 210 |
| 2 | Khuzdar-Quetta– Chaman Section (N-25) | 431 |
| 3 | Surab-Hoshab (N-85) | 449 |
| 4 | Gwadar – Turbat – Hoshab (M-8) | 193 |
Pakistan, so far, has developed three big ports namely Karachi port, Gwadar port and Muhammad Bin Qasim port. Muhammad Bin Qasim port or Port Qasim is one of the oldest ports of Pakistan whereas Karachi port is the busiest among all.
| # | Project Name | MW |
|---|---|---|
| 2 | 1320MW Coal-fired Power Plant at Port Qasim Karachi | 1320 |
| 3 | 1320MW China Hub Coal Power Project, Hub Balochistan | 1320 |
| 4 | 660MW Engro Thar Coal Power Project | 660 |
| 5 | 1000MW Quaid-e-Azam Solar Park (Bahawalpur) | 400 / 600 |
Beijing, 25 April 2109: Federal Minister for Planning, Development and Reform Mukhdum Khusro Bakhtyar has said that China-Pakistan Economic Corridor is now entering into second phase with focus on industrial Cooperation, trade, agriculture and socio-economic development.
To improve the lives of people of Pakistan and China by building an economic corridor promoting bilateral connectivity, construction, explore potential bilateral investment, economic and trade, logistics and people to people contact for regional connectivity.
The climate of Pakistan is divided into four main climatic regions or zones i.e. Highland Climate, Low land Climate, Desert/Arid Climate, Coastal/Maritime Climate.
The fiscal benefits under the SEZ law include a one-time exemption from custom duties and taxes for all capital goods imported into Pakistan for the development, operations and maintenance of a SEZ (both for the developer as well as for the zone enterprise) and exemption from all taxes on income for a period of ten ...
Gwadar became part of Pakistan by negotiations led by Prime Minister of Pakistan Feroz Khan Noon and his wife Viqar-un-Nisa Noon with the Sultan of Oman. The Sultan of Oman agreed to hand Gwadar over to Pakistan for Rs 5.5 Billion, which was mostly paid by Aga Khan IV.
The Yangshan Deep Water Port is one of the three major constituents of the Shanghai Port, one of the busiest port facilities in the world.
How many provinces are in Pakistan?
The administrative structure of Pakistan presently comprises four provinces at first-order level (ADM1); Balochistan, Khyber Pakhtunkhwa, Punjab and Sindh plus the Islamabad Capital Territory. Additionally, there are the two parts of Pakistan-administered Kashmir: Azad Jammu and Kashmir and Gilgit-Baltistan18.
Khalid Mansoor is the Special Assistant to the Prime Minister of Pakistan on the China-Pakistan Economic Corridor, a position he has held since August 2021. He previously served as the Chief Executive of the Hub Power Company.
