PAK-CHINA ECONOMIC CORRIDOR China has a great strategic interest in Gwadar. In 2013, the state-owned China Overseas Port Holdings Limited acquired Gwadar port. The port is strategically important for China as sixty percent of China’s oil comes from the Persian Gulf by ships traveling over 16,000 kilometers in two to three months, confronting pirates, bad weather, political rivals, and other risks up to its only commercial port, Shanghai. Gwadar will reduce the distance to a mere 5000 kilometers … [Read more...]