China's new Silk Road hits political, financial hurdles
BEIJING: China's plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan.
Pakistan's relations with Beijing are so close that officials call China their "Iron Brother." Despite that, plans for the Diamer-Bhasha Dam were thrown into turmoil+ in November when the chairman of Pakistan's water authority said Beijing wanted an ownership stake in the hydropower project. He rejected that as against Pakistani interests.
China issued a denial but the official withdrew the dam from among dozens of projects being jointly developed by the two countries.
Aam Aadmi-India-16 hours ago
What is the surest way to turn a friend into an enemy?
Loan him a large sum of money.
That is exactly what China has done to Pakistan.
It is a matter of time before all-weather friends will turn into all-weather enemies.
Anil-18 hours ago
All that glitters is not gold. There is no such thing as win-win situation. Chinese give rosy pictures to entice countries into projects and those countries' realize later they have been taken for a ride.
Sajan Sahu-16 hours ago
Atleast they understood china''s intention in this case. Everyone outside knows that it is just China''s plan to own small countries like Sri lanka, pakistan, Nepal etc. . Create and own project, give the money as loan for self owned project and finally ask the money back with interest, which countries like pakistan and Srilanka are not capable of.
Caamanolawyer-Delhi-15 hours ago
Soon India will have only 1 enemy neighbor to deal with. the place today known as pakistan will be Indus Province of China.
Kameswaran-15 hours ago
Hence in its own interest, Pakistan has to set relationship right with India, for in an economic war, only India can resist China ! Obviously therefore, China is always worried about India's outreach to the smaller countries of Asia and Fareast !
Om One-Bharat-14 hours ago
If congress would have been ruling India then India would have been part of this scheme OBOR.
Ajay Varma-15 hours ago
It is just the beginning there will be many more hurdles not just political, financial which will affect Chinese new silk road and they will Start feeling the heat soon