Asia Sentinel

Asia Sentinel

Pakistan’s Costly Plunge into China Debt

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Asia Sentinel
Sep 30, 2017
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Wherever China’s One Belt, One Road initiative goes, it appears that the Chinese lenders including the Bank of China – the government’s flagship bank – aren’t far behind, and that Beijing is using the financial power of the government-owned banks to its advantage, along with Chinese President Xi Jinping’s Asian International Investment Bank.

Chinese bank…

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