In the first half of 2022, China's funding in Pakistan for China-Pakistan Economic Corridor (CPEC) reduced by around

Correct option is C

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China’s funding in the China-Pakistan Economic Corridor (CPEC) decreased by 56% during the first half of 2022. The reduction reflects China's cautious approach towards investments in Pakistan due to economic uncertainties, political instability, and concerns about security risks for Chinese nationals working on CPEC projects.

Information Booster

1. CPEC is a flagship project under China’s Belt and Road Initiative (BRI).
2. It aims to improve infrastructure, energy, and trade routes in Pakistan.
3. Total funding was initially estimated at $62 billion but faced frequent delays and revisions.
4. Security concerns heightened after multiple attacks on Chinese workers.
5. The Gwadar port is a key project under CPEC.
6. The funding cut has raised concerns about the future of the initiative.

Additional Knowledge

• 36% and 46%: Indicative of moderate reductions but not accurate for the period.
• 66%: Too high, not supported by data.
• Pakistan is a strategic ally for China, but the funding cut highlights underlying economic challenges.
• CPEC is a major source of debt for Pakistan, contributing to its economic crisis.