FUNDAMENTALS OF CPEC

China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. CPEC is the important consensus reached by the leaders of both countries. The leaders of our two countries have attached great importance as well as rendered active promotion to the construction of CPEC. It has also won across-board support from the political parties and peoples of our two countries, which provided profound and solid public support for CPEC. In May 2013, Chinese Premier Li Keqiang proposed the initiative of CPEC during his visit to Pakistan, which immediately got positive response and support from the Pakistani government. In July 2013, during Prime Minister Sharif’s visit to China, an MOU was signed to start work on CPEC. Up to now, a series of major projects are being implemented in a steady manner, and are under smooth construction in general. CPEC has gradually entered into the state of full implementation from planning, which is playing an increasing role in leading and promoting the bilateral substantive cooperation between China and Pakistan. CPEC is of great significance to the development of China-Pakistan all-weather strategic cooperative partnership and the building of the community of shared destiny between China and Pakistan. CPEC will provide new opportunities, new vision as well as new impetus to China-Pakistan relations. CPEC is facing Pakistan as a whole and will bring benefits to Pakistani people. It will effectively promote the economic and social development of Pakistan. The construction of CPEC will enhance connectivity and integration of development strategies of China and Pakistan, which is in the fundamental interests of our two peoples. Both sides are committed to building CPEC and completing a number of major projects with high quality and on schedule, so as to achieve win-win results and bring benefits to people in China and Pakistan as well as other countries in the region.

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