China is defending its billions of dollars of historic investment in Pakistan, dismissing allegations the economic development program is pushing the cash-strapped South Asia ally into a “Chinese debt trap.”Visiting Chinese State Councilor and Foreign Minister Wang Yi made the remarks Saturday in Islamabad after talks with his Pakistani counterpart, Shah Mehmood Qureshi.The massive bilateral program, known as the China-Pakistan Economic Corridor (CPEC), is the fastest-moving and flagship part of President Xi Jinping’s global Belt and Road Initiative (BRI).The CPEC aims to construct and upgrade the transportation network, energy projects, a deep-water port at Gwadar and special economic zones to eventually support Pakistan’s industrial development
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