Socio-Economic Impact of China Pakistan Economic Corridor (CPEC): Comparative Study between China and Pakistan

Abstract :

This research paper focus on the China-Pakistan Economic Corridor (CPEC) whereby it involve a comparative study between China and Pakistan, regarding social, economic development of the two countries and the region. The Gwadar port is the heart of the CPEC project, whereby China heavily depends on it to transport their products to the India Ocean and Gulf of Persia. It means that the two countries would benefit from the Gwadar port directly and expand their social and economic activities and would ultimately intensify their bilateral trade. The study focuses on the “One Belt. One Road” initiative and enhancement of co-operation by win-win model. In the CPEC corridor, the amount of investment amounting to $ 4.5 billion was injected into the project, and it is expected to become the ray of light to the people of Gwadar to boost their social-economic part of their lives as well as the China’s trade activity, hence, enhancing their trade. The Qualitative and quantitative techniques were applied and the primary data relied on to gather the information through the structured open-ended questions from the 50 participants of the study who were from the local area. The result of the primary data was analyzed with SPSS and showed that the CPEC would immensely have a positive contribution in Gwadar in the ground of social-economic.