Advocates of CPEC see it as an economic game changer. Critics say it's a strategic project with an economic facade. The truth is more complex.
In the short-term, CPEC has exacerbated Pakistan's macroeconomic imbalances, contributing to a surge in the current account deficit and helping create another boom-bust cycle.
An assessment of CPEC's progress roughly three years after its formal inauguration.
This is the first comprehensive public study of the China-Pakistan Economic Corridor.