With CPEC, China, Pakistan and Russia are bringing multipolar world order to challenge the U.S.-dominated unipolar world order. No world order is able to withstand the test of time. Washington has controlled the rest of the world for quite a while, so the emergence of a powerful alliance between China and Pakistan – with Russia added into the equation – challenges U.S. global dominance and aims to bring multipolar world order.
Beijing and Islamabad used the China-Pakistan Economic Corridor (CPEC) as a net to catch a giant and elusive butterfly: the U.S. and its global dominance. Through CPEC, which promises to help Pakistan emerge as a major power in Asia within the coming years, China wants to connect Europe, the Arab countries and Africa with the Russia- and China-dominated Shanghai Cooperation Organization (SCO), something that would start a new era for Eurasia and the world as a whole.
How game-changing is CPEC, really?
Pakistan, with its extensive and strong ties to key global and regional players, including the U.S., China, Saudi Arabia and Iran – plays the role of a bridge in CPEC. And this bridge is set to bring major changes to the current U.S.-dominated world order by bringing closer key regional organizations and unions such as the SCO, SAARC, Eurasian Economic Union and others.
Walter Schloss isn’t a name many investors will have heard today. Schloss was one of the great value investors who trained under Benjamin Graham and specialized in finding cheap stocks. His track record was outstanding. In Warren Buffett’s 1984 essay, the Super Investors of Graham-and-Doddsville, he noted that between 1956 and 1984, Schloss’s firm returned Read More
CPEC is expected to significantly boost Pakistan’s global position economically, diplomatically and militarily, will also strengthen the SCO, a Eurasian political, economic, and military organization headed by China and Russia. The project was announced by Chinese President Xi Jinping in 2015, and it is part of China’s Belt and Road Initiative and of particular interest for Beijing.
Earlier this month, China increased its CPEC investment to $62 billion from $55 billion. The multi-billion dollar project connects Kashgar, Xinjiang in China to the southwestern Pakistani port city of Gwadar, which is expected to become the busiest port of the region when CPEC becomes fully operational. Pakistani officials recently revealed that more than 50 counties, including the U.K., Russia and Turkey, expressed serious intentions of joining the project.
Russia, China, Pakistan and CPEC undermine U.S. global dominance
With the emerging superpower triangle between Russia, China and Pakistan, the three countries are set to transform the volatile region both politically and economically. The three allied nations have been actively boosting their trade in recent years, indicating that Russia could be intent on joining CPEC any time soon. Meanwhile, Moscow, Beijing and Islamabad seem equally interested in achieving peace, stability and prosperity in the region by putting an end to the Afghan war.
While Russia, China and Pakistan are inching closer to finalizing their ultimate plan to achieve peace in Afghanistan, their united mission goes far beyond Afghanistan and even the Middle East, as the three nations are poised to bring multipolar world order, ending the U.S.-controlled unipolar system.
Warning to Trump: Russia and China are gaining control over Eurasia
With the development of major regional initiatives such as BRICS and CPEC, China, Russia and Pakistan are inching closer to reforming the world system by decreasing the global role of the U.S. and its allies.
While this paves the way for a multipolar world order, if Russia formally joins CPEC, it would send a clear signal straight to the Oval Office, telling U.S. President Donald Trump that Moscow and Beijing are gaining serious control over Eurasia. With CPEC, China hopes to challenge U.S. strategic interests in East Asia and further expand its strategic reach to Central Asia, South Asia, and the Middle East.
CPEC reshaping Asia and the world
Being a rich source of benefits for every partner and investor of CPEC, the multi-billion dollar project could fundamentally strengthen economic relations in Asia. Pakistan alone – thanks to the massive inflow of foreign investments for CPEC projects – could see a more than 7% GDP growth rate and 2 million direct and indirect job opportunities, according to estimations by Pakistani think tanks. CPEC is also set to act as a bridge for China’s ambitious Maritime Silk Route, which will link 3 billion people in Asia, Africa and Europe.
China, which is the world’s fourth biggest oil producer, although it also greatly relies on oil imports, is intent on investing billions of dollars into CPEC because having access to Pakistan’s Gwadar Port would cut the current 12,000 km journey of oil transported to and from China to nearly 2,400 km.
Russia – the world’s second biggest oil producer – has quite a few oil projects in mind for its strategic partner China, and it is also expected to jump head-first into CPEC’s oil benefits. Moscow and Beijing agreed in 2009 to supply 15 million tons per annum through the East Siberia–Pacific Ocean pipeline.
Pakistan bringing multipolar world order, scratching U.S. global dominance
Meanwhile, Beijing wants to use CPEC as a non-Malacca mainland trade passage.
While China continues to place great importance on the South China Sea, having an alternative mainland trade passage would allow it to trade with its partners in Europe, the Middle East and Africa more freely without the U.S. controlling its trade routes through maritime manipulations. With this goal in mind, China has ambitious plans for CPEC, which is set to significantly improve connectivity in the region and thus reform the unipolar world order controlled by Washington.
With the rapid development of CPEC, Pakistan plays a vital role not only in the region but also in the world as a whole. Not only is Islamabad expected to link several major Eurasian economic blocs but also to function as the driving force to bringing multipolar world order.