"CPEC is pivotal to success of One Belt One Road initiative of China- The people from all walks of life should benefit from this facility": Analysts
Chinese President Xi Jinping says the Belt and Road Initiative is "a project of the century" that will benefit people across the world. He was addressing the inaugural session of One Belt and One Road Forum for International Cooperation in Beijing this morning. The Chinese President said the project envisions inclusive and sustainable growth and takes into account development needs of different countries and regions for common prosperity.
The Initiative focuses not only on the Asian, European and African countries, but is also open to all other nations. It consist of the 6 corridors: China-Mongolia-Russia Economic Corridor (CMREC); New Eurasian Land Bridge (NELB); China-Central and West Asia Economic Corridor (CCWAEC); China-Indo-China Peninsula Economic Corridor (CICPEC); China-Pakistan Economic Corridor (CPEC); and Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC).
PM arrives in Hong Kong on a three day visit to address One Belt One Road Pakistan Investment Forum. During his stay in Hong Kong, the Prime Minister will address One Belt One Road Pakistan Investment Forum which will be participated by leading business companies of Hong Kong and Mainland China. The focus of the Forum will be to highlight business opportunities emerging from the China Pakistan Economic Corridor.
CPEC’s fast paced progress – CPEC A Flagship Program of OBOR
PM says Pakistan and China are standing together for the prosperity and well-being of their people. While talking to Communist Party Secretary of Chinese province of Zhejiang Che Jun in Hangzhou. Speaking on the occasion, the Prime Minister said that China Pakistan Economic Corridor is the flagship project of Belt and Road Initiative.
Host: Dr. Shoaib Ahmad
Analysts on Telephone:
Dr. Shahid Hassan Siddiqui (Economic Expert):
The Western capitalist system has been exploitative in nature. The global monetary institutions have looted the wealth of developing countries. None of the countries have ever made progress with the help of IMF. Although China is doing all this for its own interests but it will not exploit like western world. Our strategic location is helpful for China. We have to generate economic activity in the country to yield the maximum results from CPEC.
Dr. H. Alia (Economic Expert):
The E-commerce has already been started in Pakistan. Many business transactions are taking place online. The payments of utility bills and economic transactions are also taking place online. Many retailers are using this facility. The people from all walks of life should benefit from this facility. Without proper information about details of OBOR and CPEC, our common people cannot benefit from these initiatives. We need to discuss who common people and our youth can benefit from CPEC.
Dr. Farooq Hasnaat (IR Expert):
There is no denying of the fact that American influence is receding in economic, political and strategic arenas. China is emerging as a new competitor who wants to include everybody in developmental projects. CPEC is opening new avenues of progress throughout Pakistan. China is making investment in Pakistan, which puts a huge responsibility on us as a whole nation. We have to bring efficiency in our projects to join hands with China on the path of development and prosperity. We have a long standing friendship with China and it does not have colonial mentality like Western powers.
Dr. Fazal-ur-Rehman (Economic Expert):
We have to work on internal matters to gain maximum benefits from CPEC. We should bring structural economic reforms and amend our rules to make them attractive for foreign investors. We should make a result based analysis for all projects. We should think for long term projects.