Deputy Chief of Mission at the Chinese Embassy in Pakistan Lijian Zhao on Thursday defended the China-Pakistan Economic Corridor (CPEC) investment and said it was western countries that had pushed Pakistan in a debt trap.
Rubbishing criticism of the CPEC published in the New York Times, Zhao took issue with the article’s argument that China is ensnaring Pakistan in a debt trap and said CPEC loans constituted only $6 billion of Pakistan’s $95 billion international debt. He also refuted the stated figure of $23 billion owed to China.
1. Joke of the year. An article full of wrong numbers and lies. CPEC loan to Pakistan is only $6billion instead of $23billion. It is only 6% of total debt of Pakistan of $95billion. Is this a debt trap? It was the western countries which pushed Pakistan into that trap. @CathayPak https://t.co/e9X9yovdyl
— Lijian Zhao 赵立坚 (@zlj517) December 20, 2018
In response to a section of the article that says China’s investment in Pakistan comes with “military strings attached”, Zhao said the correct way to phrase the cooperation between the neighbouring countries would be “defence cooperation and technology transfers”.
“Strings are something like Washington Consensus that your master always pulls. BTW, Chinese defence cooperation with Pakistan is not new and has been there since the 1950s,” the Chinese envoy said.
2. Dear Months Study, the phrase you were looking for is defense cooperation & technology transfers, not strings. Strings are something like Washington Consensus that your master always pulls. BTW, Chinese defense cooperation with Pakistan is not new &has been there since 1950s. https://t.co/e9X9yovdyl
— Lijian Zhao 赵立坚 (@zlj517) December 20, 2018