China, Pakistan aim to revamp economic corridor, Gwadar port
China and Pakistan have agreed to enhance their strategic partnership to develop a joint economic corridor and establish Gwadar port as a regional hub. This agreement was made during Pakistani Prime Minister Shehbaz Sharif's visit to Beijing, where both nations welcomed third-party participation in the China-Pakistan Economic Corridor (CPEC). They also emphasized the importance of security measures to protect Chinese investments in Pakistan amidst ongoing regional tensions.
- ▪China and Pakistan aim to deepen strategic ties to develop a joint economic corridor.
- ▪The Gwadar port is being positioned as a regional connectivity hub.
- ▪Both nations agreed to promote high-quality development of CPEC and enhance road and port links.
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China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbours said on Tuesday (May 26, 2026).The remarks came in a joint statement as Pakistan's Prime Minister Shehbaz Sharif wrapped up a visit to Beijing at a time when Islamabad is seeking investment while navigating tension with Afghanistan and mediating in the Iran war."Both sides welcomed third parties to participate in the development of the China-Pakistan Economic Corridor under the model agreed," they said in the statement, issued after Mr. Sharif met Chinese President Xi Jinping and Premier Li Qiang.
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