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Thursday, July 19th, 2018

 

Beijing’s $63bln CPEC investment to enhance debt trap: Nikkei Asian Review

GWADAR: (DNA) – Pakistan’s trade deficit with China has been rising, and there are concerns about what happens if it is unable to repay its debts vis-à-vis $63 billion worth of the corridor projects, Nikkei Asian Review said on Wednesday. “As with other countries that have benefited recently from Beijing’s largesse, some in Pakistan worry that the price of such investment could be a huge debt burden,” the Asian-focused publication said. The Nikkei Asian Review and The Banker examined how Belt and Road (BRI) projects are unfolding in eight countries:Read More