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looking beyond borders

foreign policy and global economy

Pakistan Wrestles With Growing ‘Chinese Corridor’ Debt

Two international lending institutions and Pakistan’s central bank have raised concerns about the debt burden of a huge China-led infrastructure program on the country’s improving but fragile finances. Surging Chinese imports for the initiative, known as the China-Pakistan Economic Corridor program, have complicated Pakistan’s balance of payments problems during its second year of economic recovery following a decade of conflict with Taliban insurgents and their al-Qaeda allies.

Read Here – Nikkei Asian Review

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