CPEC
CEPEC stands for china Pakistan economic corridor. It's actually a 3000km framework, development corridor between china and Pakistan to reduce energy transport passway for china and economic development in Pakistan. In 2013 , an economic corridor development was announced by China President Xi Jinping . After the visit of Chinese President in states of Pakistan, they decided to create a project named CPEC. Finally, both Pakistan and China signed an agreement of $46 billion investment for this project in 20th April 2015 . Aim of CPEC (Some report that It's $58 billion Project) Now the question arises what is the purpose of CEPEC? The main objective of this project is to strengthen economic conditions of both countries. Basically, China import oil and other energy resources from Central Asia or Africa which shows two kinds of demerits. First one is it take too long distance, expenses and other transport issues for china to import oil. Second reason is that import system h...