Trump outburst deepens Sino Pak ties 
Red Book
Red Book

Pre-cum-Mains GS Foundation Program for UPSC 2026 | Starting from 5th Dec. 2024 Click Here for more information

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 For Aspirants

Subscribe to get the latest posts sent to your email.

Print Friendly and PDF
Blog
Academy
Community