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CPEC turns into challenge for China; entire One Belt One Road project could be in danger ( Credits- World of Weapons)

December 09, 2017

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CPEC- The opaque view from a Pakistani perspective

Image credits- VOA ( After a break of nearly two months, I am returning to active blogging. To start with, I have decided to deal with CPEC, the most talked about project in South Asia) China Pakistan Economic Corridor (CPEC) is a collection of projects undertaken by China in Pakistan to connect landlocked Western China to the Arabian sea based Gwadar post in Pakistani Baluchistan. This includes rapid development of infrastructure including roads, railways, power generation projects, industrial parks, special economic zones besides developing Gwadar port. CPEC is termed as a game changer by Pakistan. But doubts still linger in the minds of many. The international monetary fund (IMF) in it's report has warned Pakistan of long term consequences that will bring untold misery to the Pakistani economy due to their inability to repay the loan amount back to China with above normal interest rate. There is also concern that China will virtually take over the ...

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