China lavishes aid on Pakistan town in bid to extend maritime reach
Beijing has built a school, sent doctors and pledged about US$500 million in grants for an airport, hospital, college
Gwadar, Pakistan
CHINA is lavishing vast amounts of aid on a small Pakistani fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy.
Beijing has built a school, sent doctors and pledged about US$500 million in grants for an airport, hospital, college and badly-needed water infrastructure for Gwadar, a dusty town overlooking some of the world's busiest oil and gas shipping lanes.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin