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What Is China Doing To Pakistan? The Same Thing It Did To Sri Lanka |
Source https://www.forbes.com
Every Pakistani is well known that due to fall in foreign currency reserves and foreign capital flows. Economy is worse. Pakistan will request to reschedule its debt to China. when it is done then china will be rightful to takes over CPEC, and end up collecting tolls from every vehicle that passes through.
This model is already applied in rescheduling Sri Lanka’s debt, turning the country’s Hambantota port officially into China’s own port, for 99 years. which gives the Chinese government—70% stake in the Indian Ocean’s prominent outpost.
Same is can be repeated with CPEC, Beijing can convert these loans to equity.
This model is already applied in rescheduling Sri Lanka’s debt, turning the country’s Hambantota port officially into China’s own port, for 99 years. which gives the Chinese government—70% stake in the Indian Ocean’s prominent outpost.
Same is can be repeated with CPEC, Beijing can convert these loans to equity.
A news reported in FORBES regarding CPEC PAKISTAN