China is pretty clever, unlike US aid, the so-called funds coming from China to pakistan are all loans which are spent almost entirely on "CPEC" projects, only chinese companies are building the CPEC projects so all those loans coming from China are paid to Chinese companies for CPEC projects so money once again moves back to China, so China money/dollars come to pakistan only to go back to china through chinese companies working on CPEC. And in the mean time pakistan becomes indebted to China without even that money being in any control of state bank of pakistan. That is also the reason why we have to go to IMF, World Bank, GCC countries, float dollar/euro bonds so that we can pay the interest of the loans as well as maturing loans. Because chinas's so-called funds/money/loan cannot be used to pay off anything other than CPEC projects. Pakistan is in a perpetually deep debt sh1t.