war&peace
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China because it is in that particular location..if any other country was in the similar location and relations with Pakistan...it would do something like that. Do you want to say Chinese govt is investing in loss?If it is so profitable, who else would invest $50 billion assuming China pull out of CPEC? China One belt One Road covers all Central Asia and Russia, not just Pakistan. The major trade route and oil pipeline are via Central Asian states and Russia. Just putting things into perspective.
Ideally, we are all want clean energy, but how many countries can afford it? 33% of US electricity still comes from coal alone. Another 30% from natural gas.
No developed country is installing new coal power projects...They are using because they already have but at the same time, they are closing them down gradually and replacing them with renewables. However Pakistan is starting now so it must begin on right footing. The impact of the coal powered plants on environment will be devastating for local ecology and it will be net loss....People suffering with different respiratory diseases will outdo any benefits from the coal powered electricity. Also the myth of coal being cheaper has been busted. Coal and fossil power plants, in developed countries, have been heavily subsidised from the beginning and they have recovered their investment so they are cheaper for them but still due to the impact and CO_2 emissions, the developed countries are closing them down gradually and by 2030 Europe will be free of coal powered plants.
China's investment in CPEC has both dimensions, its friendship but also it is a good business proposition and don't try to force us in believing otherwise.
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