CPEC And Its Impact On Pak-China Relationship
It all began in 1950 when rest of the world walked out China walked in, played a role in underpinning Pakistan’s economy and turned out to be an unfeigned shield for Pakistan in its time of recession. This friendship did pass through a rough patch in its early period as it was observed in 1960 which was probably due to the difference between the countries with one being the communist and the other being the capitalist. However, the relationship got bolstered up after the war between China and India and the Pak-Indo war. The Indian currency devalued in 1949 which badly jolted Pakistan’s economy. Despite the fact that the economy faced a setback this devaluation of Indian currency proved to be a blessing in disguise for Pakistan as its trade with China got strengthened up. Mr. Zafarullah being aware of the Chinese mindset played a pivotal role in making Pakistan understood the benefits of having alliance with China. Pakistan had to join hands with China to trade their cotton for coal...