Number of Downlaods: 20
Published Date: Feb 2, 2016
China Pakistan Economic Corridor (PB – 48)
Shakeel Ahmad Ramay
Sustainable growth and development in China during the last four decades has assigned the country a special status in the world economy. The financial crisis of 2007-08 not only strengthened the Chinese economy but also enhanced its role and say in global governance. Though China has started re- defining its role in the 1990s, war on terror gave it an ample time to think and devise its strategies in accordance with the new world scenario. During this period when the world was engaged in war on terror and was hit by financial crises, China in- creased its trade and international recognition, revisited its old relations, and ventured in new partnerships and friendships. President Xi Jinping for the first time raised the slogan of constructive engagements across the world.
South Asia, being the neighbour of China, has a special significance in enhancing the agenda of constructive engagements, which is now evident from the active engagement of Chinese leadership in South Asia. Mr. Xi visited South Asian countries, and announced huge investment packages and trade enhancement programmes for them. China has become actively involved in Afghanistan for peace building and development.