A $6 billion loan approved from the International Monetary Fund this week will ease Pakistan’s debt problems, for now. But it won’t stop China from turning the country into the next Sri Lanka.
China has been very close to Pakistan in recent years, for a couple of reasons. One of them is that Pakistan is a “natural” ally in Beijing’s long-time efforts to contain India.
The other reason is that Pakistan offers a “natural corridor” between western China and the Indian Ocean, and, therefore, an alternative route to Middle East oil supplies and the riches of Africa.Read More…
