China’s US$46 billion Gift to Pakistan

The one thing to take away from the visit of President Xi Jinping to Pakistan is that both are in trouble diplomatically if they have to regard each other as their closest friends in Asia. Even by its standards of official largesse, China’s offer of US$46 billion for road, rail, energy and other investments in Pakistan is stunning. Unsurprisingly, much of the Pakistan media has responded with glee, seeing at last the kick-start money which can make Pakistan a new Asian Tiger, or at least give India some economic competition in the South Asian growth contest.

Read →

Comments on this post are for paying subscribers