Pakistan CEO signs $8.5B deal with China - here's what it means for traders
Key Points
- China invests $8.5 billion in Pakistan to reboot CPEC with 2...
China just handed Pakistan an $8.5 billion check yesterday, and if you're wondering whether this is good news or just expensive déjà vu, you're asking the right questions.
Prime Minister Shehbaz Sharif signed 21 agreements on September 5th to launch CPEC 2.0 - the sequel nobody asked for but everyone's watching. The China-Pakistan Economic Corridor gets a reboot with promises of socio-economic development, which sounds great until you remember how the first movie ended.
When Sequels Don't Always Deliver
CPEC 1.0 wasn't exactly a blockbuster hit. Projects like the Gwadar East Bay Express...
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