Abstract
China and Pakistan celebrated the 10th anniversary of the launch of the China–Pakistan Economic Corridor (CPEC) in 2023. Over the past decade, the CPEC has been developed amid controversies and challenges, and has achieved notable successes, especially in large-scale infrastructure construction, which has laid the foundation for Pakistan’s economic development in the long term. However, the ever-changing domestic and international environment has not alleviated the challenges and risks facing the future development of the CPEC. Domestic instability in Pakistan, as well as intensifying strategic competition between the United States and China, could affect the future of the CPEC.
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