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autotldr t1_j9oc0zo wrote

This is the best tl;dr I could make, original reduced by 75%. (I'm a bot)

> China has agreed to loan Pakistan $700m to help it weather its worst economic crisis in a generation, in a development that will intensify concern among western countries about cash-strapped Islamabad's debt burden to Beijing.

> China is wary of taking such a step because of the precedent it would set to its other debtors, says Andrew Small, a senior fellow at the German Marshall Fund of the United States and author of a book on China and Pakistan.

> Small also noted China might be more willing to support Pakistan than other debtors, because it "Needs a strong, capable Pakistan, to continue to function as an effective counterbalance to India."It's important that they're not seen to let Pakistan down, because if they let Pakistan down in this situation, then the message to everyone else is that they can't be relied on.

Extended Summary | FAQ | Feedback | Top keywords: Pakistan^#1 China^#2 loan^#3 debt^#4 Fund^#5

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USSRisgone t1_j9osjj7 wrote

This is a terrible position for Pakistan, it’s like selling your soul taking Chinese money. Maybe a 155mm artillery shell factory needs to be built so Pakistan can generate income. Lots of customers at the minute.

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sleepiestOracle t1_j9q2hs4 wrote

China will mine all of Pakistan because Pakistan is unorganized and can't get infiltration of extremists out.

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Ok-Law-1958 t1_j9q7c72 wrote

The best time for china to influence pakistan

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Pakistani_in_MURICA t1_j9ruqtr wrote

Replying to USSRisgone (#1,939,343)

The fukers in government don't care.

They have $hundreds of millions stashed abroad in Dubai, Switzerland, Paris, London, and New York.

Every upper-middle/rich Pakistani you see in the West, who came in the 2000s, most likely came from corruption money.

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perrinlighteyes t1_jaas3oj wrote

Does anyone remember the early mid 2010s when Pakistanis were talking about China Pakistan Economic Corridor like it would solve all their problems and make Pakistan so economically advanced it would leave India way way behind.

Ther terms "game changer", "checkmating the west and India", "iron brothers" etc were embarrassingly used in every Pakistani news publication.

I have fond memories of arguing on reddit with some Pakistanis that were convinced that CPEC will steal all IT jobs in India. (Like how?)

Anyway, let this be a lesson. If something sounds too good to be true, it's because it is.

Oh found this nugget:

>CPEC's potential impact on Pakistan has been compared to that of the Marshall Plan undertaken by the United States in post-war Europe. Pakistani officials predict that CPEC will result in the creation of upwards of 2.3 million jobs between 2015 and 2030, and add 2 to 2.5 percentage points to the country's annual economic growth.

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