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Effects of CPEC on the Economy of China and Pakistan
Sadiq Ullah(Sadiq Ullah ),Mumtaz Alam(Mumtaz Alam ),Zulfiqar Ali Baig(Zulfiqar Ali Baig ) 아시아사회과학학회 2022 Jornal of Asia Social Science Vol.8 No.3
CPEC is a huge investment that will bring prosperity and will heal the economic condition of Pakistan. It will also give China the shortest proximity to the rest of the world. It's a project which will benefit both of the countries as well as Europe and the Gulf. Descriptive analysis is used in this research study to investigate the effects of CPEC on Pakistan and China's economy. Diverse literature was found on this topic and is cited in the literature part of this research study. This study shows that Pakistan and China both of the countries will be better off and will achieve good economic results. Pakistan will get the maximum benefit from CPEC because its infrastructure and energy structure is less developed. And by the injection of this massive CPEC project, the Pakistani economy will boost up, and the mutual trade between China and Pakistan will be enhanced. GDP growth and welfare position of Pakistan will take more benefit from CPEC than China. Chinese export of non-agricultural products will increase more than the Chinese export of agricultural products. While in the case of Pakistani exports, the situation is the opposite one. Agricultural exports will be increased more than the increase in non-agricultural exports of Pakistan.
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