New Recruit
neither establishment nor china is stalling CPEC , it's the archaic laws , cumbersome processes and inefficient and corrupt bureaucracy slowing down the next phase ...next phase is rapid industrialization .
Never say never. While it won't be rapid, there is a good chance for Pakistan becoming industrialized.
It is a moot question since someone is on the hook for $62 billion
New Recruit
New Recruit
Misleading.
New Recruit
industrialization.......chines were expecting halfway decent capacity to implement the projects , they are a bit disappointed .
Industrial parks are being built. The rolling black outs which stopped Pakistan's current industrial capacity has stopped, and Pakistan is once again on the right track. Pakistan's economy is set to grow 4% next year, which is pretty decent. Pakistan's exports have increased, while imports have remained steady, which is a good sign for Pakistan's massive trade imbalance.
I never said it is a single payment. It could be economic activity over 20 years
No. SEZs are a bit different, as they're out side of Pakistan's tax code for a number of years, inexchange for a number of things such as infrastructure building, job creation, industrialization,...etc. Chinese companies are setting up industrial parks within Pakistan, outside of these SEZs. These WOULD be subject to Pakistani tax code, increasing Pakistan's over all government revenue.Are these the ones you are referring to ?
Industrial Cooperation/Special Economic Zones(SEZs) | China-Pakistan Economic Corridor (CPEC) Authority Official Website
CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Authority 'P' block Pak-Secretariat, Islamabad,Pakistan. China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit...cpec.gov.pk
The Hambantota Port Deal: Myths and Realities
Untangling the truth about Chinese debt and Sri Lanka means cutting through some misleading media narratives.thediplomat.com
What you're stating is a myth.
It does not exist, full stop. You don't get to make things up, because it suits your narrative.
Gwadar port is already in the hands of the Chinese, in an own-operate-transfer deal. China will own and operate the port until 2049, and extract as much profit as it can, and transfer it back to Pakistan once the contract is up, regardless of if the Chinese managed to turn a profit or not.
No. SEZs are a bit different, as they're out side of Pakistan's tax code for a number of years, inexchange for a number of things such as infrastructure building, job creation, industrialization,...etc. Chinese companies are setting up industrial parks within Pakistan, outside of these SEZs. These WOULD be subject to Pakistani tax code, increasing Pakistan's over all government revenue.
You need to educate yourself on the Chinese political system, it is perhaps the most democratic system in the world, a ground roots elected leadership that carries out the wishes of their people which can be seen by their success.
The fact you said that with a straight faced comment tells me all I need tonknow. First, you have no clue with port is (note, its not simply for ships to dock).debt trap is a debt trap. it is a matter of semantics
The Hambantota Port Deal: Myths and Realities
Untangling the truth about Chinese debt and Sri Lanka means cutting through some misleading media narratives.thediplomat.com
Hambantota port is far away from main population centers of Sri Lanka. It is never meant to make a profit Ditto with Gwadar. You have to wonder why the Chinese investment is not happening in Karachi. Karachi has 20-30 times more people than Gwadar. It is never meant to make a profit.
The location of most of the SEZs is not ideal for exports
