Getting on the road to economic development with Karakoram Highway
Beijing hopes to create growth, abate separatism, establish bridge-head
Khunjerab Pass, Pakistan
AT an elevation of more than 15,000 feet (4,500 m), yaks far outnumber cargo trucks crossing over Pakistan's border with China. A lone border agent stands guard on the Pakistan side, when he has not ducked into a steel shelter to avoid wind-whipped snow.
But here in the mountains, and all the way down to the sea, China is now pouring in billions of dollars in investment, as part of a bigger project to re-create the fabled Silk Road.
Beijing hopes in doing so to bolster China's economy, discourage separatism in its mostly Muslim west…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators