The two countries Pakistan and China who are slyly ganging up against India are all set to strengthen their relations further. China is opening its largest bank in Pakistan ,The Bank of China . The bank will be opened near Pakistan's strategic Gwadar port. The water port has a strategic importance for the Belt and Road initiative of China, a part of which - the $50 billion China-Pakistan Economic Corridor (CPEC) - connects Pakistan's southern region to China's western .