Trump outburst deepens Sino Pak ties
Context
Central bank has already announced that it will use Yuan to settle bilateral trade
What has happened?
After Mr. Trump’s tweet, Pakistan’s Central Bank swiftly announced that it would use the Chinese Yuan to settle bilateral trade and investment with China
China: A more reliable ally
The rise in anti-American sentiments in Pakistan appears to be conflating with the perception of China as a more reliable ally. This is notwithstanding the recent differences between Beijing and Islamabad regarding some of the financial aspects of a hydropower project under the omnibus $57-billion China- Pakistan Economic Corridor (CPEC)
- The Hafiz Saeed-led Jamaat-ud-Dawah (JuD) demanded the expulsion of the U.S. Ambassador during street protests in Lahore
Support to Pak continue
China, it said, will continue its economic support to Pakistan, which is its prime partner. China sees Pakistan as a prime partner “under the Belt and Road initiative, with land and sea projects worth billions of dollars (known as the China-Pakistan Economic Corridor) under construction,” it observed.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
