重归阴影：中巴经济走廊的命运.docxVIP

Table of Contents 3 Executive Summary 8 Introduction 13 CPEC’s Genesis 28 CPEC in Motion 41 CPEC Is Dead, Long Live CPEC 54 Returning to the Shadows: 2020 and Beyond September 2020 | No. 16 EXECUTIVE SUMMARY The CPEC Slowdown The troubles faced by the China Pakistan Economic Corridor (CPEC)—the flagship of China’s Belt and Road Initiative (BRI)—are perhaps the most conclusive demonstration that the BRI model that has been in place for the last few years is no longer sustainable. Even before the coronavirus pandemic, CPEC had stalled. Not only are the figures commonly cited for the total packa