LeGenD
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Oh sir. Please stop this joke.
First. China sends free money to Pakistan. Xi does not require Pakistan to repay.
Then. India mainly relied on robbing Chinese companies and technology to develop its economy.
China's Honor stages India return with local manufacturing plans in early 2024
Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters.www.reuters.com
China is the biggest victim.
Pakistan's economy has contracted after the fall of PTI-led GOP and there was not enough cash in the State Bank to meet requirements of the IMF bailout package. China, Saudi Arabia, and UAE put cash in the State Bank to make it possible for Pakistan to meet requirements of the IMF bailout package. ----[1]
CPEC is different from the above. Do you think Pakistan can finance CPEC projects? Pakistan is borrowing from China to finance CPEC projects. This is similar to taking house-building loan from a bank to construct a house.
Pakistan to pay China $40b on $26.5b CPEC investments in 20 years | The Express Tribune
Repayments of debt and dividends to be made against $26.5 billion Chinese investment under CPEC
tribune.com.pk
Pakistani leaders should have committed to organic growth instead of taking so many loans and launching so many projects. But Pakistani leaders, particularly the PML(N) variety, are infatuated with big budget / white elephant projects to show development to the masses. PML(N) leaders think that people are stupid and will appreciate them for what they are doing, they are wrong.
China does not understand Pakistan's problems well enough. Do not judge me and others for venting on a forum.
US was providing funds to the Establishment during the War On Terror saga. These funds stimulated Pakistan's economy but Trump administration stopped these funds due to tensions with the Establishment. PTI-led GOP found a way to revive Pakistan's economy by giving the post of finance minister to the economist Hafeez Sheikh but PDM made its move with support of the Establishment, and this led to situation [1].
The bottom line is that Pakistan needs to create a sustainable economy for growth. How this is possible, is the question.
China should also look at financial aspects of any country when it provides loans. This is what a bank does.