Monday, 3 July 2017
Pakistan can’t afford China’s Friendship, by C Christine Fair
JULY 3, 2017
Pakistan's elites think Chinese cash can save the country. They're wrong.
In recent months, the Chinese-Pakistan Economic Corridor (CPEC) has left Pakistanis emboldened, Indians angry, and U.S. analysts worried. Ostensibly, CPEC will connect Pakistan to China’s western Xinjiang province through the development of vast new transportation and energy infrastructure. The project is part of China’s much-hyped Belt and Road Initiative, a grand, increasingly vague geopolitical plan bridging Eurasia that China’s powerful President Xi Jinping has promoted heavily.
Pakistani and Chinese officials boast that CPEC will help address Pakistan’s electricity generation problem, bolster its road and rail networks, and shore up the economy through the construction of special economic zones. But these benefits are highly unlikely to materialize. The project is more inclined to leave Pakistan burdened with unserviceable debt while further exposing the fissures in its internal security.