When was CPEC formally launched and what was its initial value?
A. 2010, $10 billion
B. 2013, $20 billion
C. 2015, $46 billion
D. 2018, $50 billion
Correct Answer: C (2015, $46 billion)
Explanation:
CPEC, which stands for China-Pakistan Economic Corridor, was formally launched in 2015 with an initial value of $46 billion.
- Option A, “2010, $10 billion,” is incorrect. CPEC was not launched in 2010, and the initial value was higher than $10 billion.
- Option B, “2013, $20 billion,” is also incorrect. While CPEC discussions and planning began around 2013, it was formally launched in 2015, and the initial value was higher than $20 billion.
- Option D, “2018, $50 billion,” is incorrect. CPEC was launched in 2015, and the initial value was $46 billion, not $50 billion.
CPEC: China-Pakistan Economic Corridor
Therefore, the correct answer is C, “2015, $46 billion,” representing the year of formal launch and the initial value of CPEC. The China-Pakistan Economic Corridor (CPEC) was formally launched in 2015 with a total value of $60 billion up to now. CPEC is a significant development project that aims to enhance connectivity and promote economic cooperation between China and Pakistan. It involves the construction of infrastructure, energy projects, industrial parks, and other initiatives to foster economic growth and regional integration.