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Chinas Debt Diplomacy and China-Pakistan Economic Corridor (CPEC): Implications for Pakistan
China has been investing in several countries under the
ambit of BRI and regional economic corridors. The basic
spirit behind such an initiative is to benefit the world from Chinas peaceful
rise. However, the potential implications of the Debt Trap have been
voiced, especially when the issue of Hambantota came to the limelight.
This research article discusses the "potential debt trap", widely being
propagated in popular international media, particularly in the United
States and India that China has other secret plans to fulfill under the cover
of economic support and infrastructure development. They try hard to
establish that the Gwadar port and the China Pakistan Economic
Corridor (CPEC) will follow suit with the Hambantota port as
experienced by Sri Lanka. This article presents a neutral analysis of the
Hambantota Port Agreement and will compare it with Gwadar port and
other mega projects of China Pakistan Economic Corridor
Assistant Professor, Department of IR, National Defence University, Islamabad, Pakistan.
Ministry of Interior, Government of Pakistan, Islamabad, Pakistan.
Lecturer, Department of Political Science, Abdul Wali Khan University, KP, Pakistan.