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ID:
159912
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| Summary/Abstract |
Intense interest in the China–Pakistan Economic Corridor (CPEC) was stimulated when US$46 billion of investment agreements were signed in April 2015, a sum which two years later increased to US$62 billion. A major focus of CPEC is on developing overland transportation and pipeline links from the port of Gwadar to the Chinese province of Xinjiang as a land-based alternative to the maritime ‘chokepoint’ of the Straits of Malacca. This article assesses the viability of pipelines connecting China to the Indian Ocean through Pakistan via a close analysis of evidence obtained from both primary and secondary sources. It concludes that the overland connection is beset with difficulties because of geographical, economic and security problems, and that China’s long-term motivations for maintaining a presence in Pakistan are likely to be chiefly geopolitical rather than geo-economic. In fact, China’s primary aim with CPEC and other investments is to hedge against India by establishing a physical presence in the Indian Ocean Region (IOR), a strategy which is herein referred to as geo-positional balancing.
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| 2 |
ID:
183366
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| Summary/Abstract |
The China–Pakistan Economic Corridor (CPEC) has been touted as the centrepiece of China’s Belt and Road Initiative and the key to its strategic partnership with Pakistan. Notwithstanding claims about the CPEC’s economic potential, however, Islamabad’s economy continues to be dire. This article attempts to better understand the ramifications of Pakistan’s economic viability and its consequences for China. It does so by examining China–Pakistan relations from the lens of Pakistan’s civil–military relations, paying attention in particular to what the Pakistan Armed Forces (PMA)’s domestic dominance means for China’s interests, including economic interests, in Pakistan. We suggest that PMA preponderance and its attendant influence on the country’s economic performance bring another dimension to interpreting Sino-Pakistani relations. As Beijing’s most trusted political partner in Pakistan, the PMA’s local dominance has considerable benefits for China, particularly in the security and political aspects of its interests. However, this dominance also entails a number of complications for Chinese economic interests, a factor that has implications for the future of China’s CPEC investments and their financial sustainability.
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