China’s total investment in the China-Pakistan Economic Corridor is pegged at $62 billion[1]. Detailed statistics are available for projects worth $42.6 billion, of which the power sector commands the largest portion, followed by roads, rail and urban infrastructure. So far, projects worth $2.3 billion have been completed and ones valued at $18.4 billion are under execution (November 2017). Some additional projects, such as nuclear power plants, which do not fall under CPEC, represent another $10 billion in Chinese investment.
While China touts the corridor as the flagship project of its Belt and Road Initiative (BRI) and as a bid by President …read more
Pakistan: A Reckless Mortgage
