Wednesday, September 18, 2019
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Chinese Trade Juggle

India’s annual trade deficit with China is $62 billion and Beijing has promised to invest $60 billion in the CPEC projects in Pakistan. So would it be fair to assume that China is investing the surplus from its trade with India in Pakistan? It does look like that although the buzz is China could actually end up investing less than $30 billion. The catch is Pakistan will have to pay up around $40 billion over 20 years to meet its debt and dividend obligations to Beijing.