The over USD 50 billion China-Pakistan Economic Corridor (CPEC) project appears is a master plan for deep Chinese penetration into Pakistan`s economy, many businessmen in Pakistan have told the Hong Kong-based Asia Times.
According to an article published in the Asia Times, many Pakistanis have lamented that the CPEC will damage rather than benefit the local economy, especially in the agricultural and industrial sectors.
One industrialist was quoted by the Asia Times, as saying that while Chinese manufactured goods are relatively cheap; their export to other countries via the shorter route of Gwadar Port will further reduce import costs in markets that have so far been export destinations for Pakistan. Read More…
Credit By: ZeeNews India
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