CPEC being extended to Afghanistan, says report
PTI | Updated: Apr 8, 2018, 19:56 IST
BEIJING: The controversial China-Pakistan Economic Corridor, the flagship project of China's ambitious Belt and Road Initiative (BRI), is being extended to Afghanistan, a study report said on Sunday.
The BRI has injected "fresh vitality" to Asia's economic cooperation and helped the continent to reshape its international relations, said the Asian Competitiveness Annual Report 2018 released here on the sidelines of China's Boao Forum for Asia (BFA) annual conference.
China in December had unveiled its plans to extend the $50 billion CPEC to Afghanistan which has sparked concerns in India.
Chinese Foreign Minister Wang Yi during his meeting with his Pakistan and Afghan counterparts had offered to extend CPEC to Afghanistan.
"China and Pakistan are willing to look at with Afghanistan, on the basis of win-win, mutually beneficial principles, using an appropriate means to extend the China-Pakistan Economic Corridor to Afghanistan," Wang had said at the trilateral foreign ministers' meeting.
The BFA was formed by China in 2001 on the lines of the World Economic Forumin Davos, and holds its meeting every year.
This year's forum to be held till April 11 has opened at Boao today a coastal town in the southern island province of Hainan. President Xi is due to address the conference.
"China-Pakistan Economic Corridor (CPEC), a flagship project under the Belt and Road Initiative, has not only improved local infrastructure but also is extending toward Afghanistan, reducing poverty, the hotbed of terrorism, and bringing better prospects for local people's lives," state-run Xinhua news agency quoted the report as saying.