CHINAS DEBT DIPLOMACY AND CHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC): IMPLICATIONS FOR PAKISTAN

Abstract

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