China’s New Silk Road Comes to Pakistan
China is lending billions to Pakistan in an ambitious attempt to disrupt global trade
Business Daily · BBC World Service
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Show Notes
China is lending Pakistan billions of dollars as part of an ambitious policy to disrupt global trade. Beijing is six years into a trillion-dollar plan that's been dubbed the new Silk Road. The project – officially known as One Belt One Road – aims to connect Asia with the Middle East, Africa and Europe, through a network of new trade routes.
Vivienne Nunis visits Lahore in Pakistan, where Chinese-funded infrastructure projects are transforming the face of the city. So how do Pakistanis feel about the increasingly close economic ties with their much larger eastern neighbour? Vivienne hears from Rashed Rahman, the former editor of Pakistan’s English language newspaper, the Daily Times. China expert Joshua Eisenman, from the Lyndon B Johnson School of Public Affairs at the University of Texas, explains the thinking behind Beijing’s big-spending plans.
(Picture: Road at Khunjerab Pass on the China-Pakistan border; Credit: pulpitis/Getty Images)