China-Pakistan Economic Corridor
CPEC is a part of the China’s ambitious One Belt One Road (OBOR) initiative. It was an initiative started in the year 2013. It essentially is a collection of projects currently under construction. It aims at rapidly expanding and upgrading the infrastructure of Pakistan as well as deepening and widening economic links between the people’s Republic of China and Pakistan. This project is considered central to China–Pakistan relations. While the economic opportunities and development would largely benefit Pakistan, CPEC is of great geopolitical significance to China. It is a part of China’s 13th five-year development plan.
The concept was in the news recently. To know more click the above link titled ‘Related News’.