As for the CPEC as a whole, the Chinese government will not terminate or cancel it. However, it is currently subject to significant restrictions.
Analyzing numerous official reports, the Chinese government is taking numerous actions to reduce the functionality of CPEC (by opening more channels to reduce its effectiveness).
In the original CPEC plan, the Chinese government did intend to develop Gwadar into a core node city along the CPEC trade corridor. However, due to certain unforeseen circumstances, they were forced to adjust the plan.
My observation:
During the current Pakistani government (Public government and shadow government):
1. China will not launch any new major long-term investment projects;
2. Already launched major long-term investment projects will be adjusted based on actual conditions. Some will be suspended, while others will continue;
3. Small and medium-sized projects and asset-light projects will not be affected.
There are slight differences between private and state-owned enterprise projects, but the general direction is essentially the same.
I have no intention of interfering in Pakistan's internal affairs, nor do I intend to intervene in the struggles between Pakistan's various political factions. However, China-Pakistan relations are indeed experiencing a continuous decline. This change has absolutely nothing to do with India. This is a matter between China and Pakistan.