| 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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