Engaging with China KARACHI: The cadence and mantra of economic development for modern statehood is now globally acknowledged. Restrict government’s role to formulating a policy and regulatory framework and incentivise and regulate the private sector: full-stop. Notwithstanding, the Pak-China relationship has been predominantly about the government and related strategic matters. Surprisingly, the most critical piece of the relationship with respect to trade, economy, investments and business cooperation has been a bit “on the back burner”. The “tidal wave” in the bilateral bond between the two nations, the multibillion-dollar China-Pakistan Economic Corridor (CPEC) megaproject, thus far has also been about building infrastructure.