Generational Dynamics World View

[John J. Xenakis]

** 26-Dec-2020 World View: China's Pakistan policy

• The Karakoram Highway, also known as the China-Pakistan
  Friendship Highway, is part of China's Belt and Road
  Initiative. (Asia Times / AFP)

Burner Prime" Wrote:> China BRI facing difficulties in Pakistan due to corruption,
> financing difficulties, Baloch resistance and attacks.

> "...Some experts believe that Beijing’s trade war with the US is
> one factor behind the shift in China’s global lending strategy..."

> https://asiatimes.com/2020/12/china-slow...-and-road/

> https://asiatimes.com/2020/12/gwadar-por...ese-firms/

> Trump's strategy toward China may have slowed or weakened her
> substantially. Despite the left's visceral hatred of Trump, seems
> they are not in any rush to knee-jerk reverse his
> policies. Hopefully the same goes with China trade policy.

These Asia Times articles appear to me to be something of a hoax for
two reasons.

One reason is that CPEC is an essential link in China's delusional
grand geopolitical strategy to take over the world, which I summarized in
the following article:

** 16-Dec-20 World View -- China escalates hostility with Australia through threatened coal ban
** http://www.generationaldynamics.com/pg/x...tm#e201216


Without CPEC, the whole plan falls apart. And there is absolutely no way
that China is going to back down from that plan, as it would lead to
Xi Jinping's body being found in a garbage dump.

So the idea that China is ceding control of CPEC to Pakistan's army as
a measure "aimed at reassuring Beijing that their investments will be
more secure" is almost laughable.

So if that's true, then what's really going on? That leads us to the
second reason why the articles appear to be a hoax.

The articles don't once mention the most pressing international
financial issue facing Pakistan: The desire by both China and Pakistan
for Pakistan to get an IMF bailout.

In other words, Pakistan is massively in debt to China, and can't pay
the debt, and so China and Pakistan want an IMF bailout so that the US
taxpayer would be paying off Pakistan's loan to China.

I described this situation early in 2019:

** 13-Jan-19 World View -- India-Iran and Saudi-Pakistan alliances form and strengthen in Asia
** http://www.generationaldynamics.com/pg/x...tm#e190113


The IMF has refused to bail Pakistan out unless Pakistan makes some
major reforms. In other words, the IMF is using the loan as leverage
to force Pakistan to reveal the details of its relationship with
China, and to force China to back out. So let's be clear. China
isn't backing out of the CPEC because of some global change in
strategy. They're presenting a facade of backing out, in order to
trick the IMF into bailing out Pakistan.

In fact, one "detail" that Pakistan has been forced to disclose is
that Chinese companies operating in Pakistan get Rs200 billion or $1.2
billion in tax exemptions. The IMF is demanding that those exemptions
be ended before any further IMF payments.

These facts would all have been well known to the Asia Times writers,
but they were not mentioned at all. Why? Because Asia Times was
obeying its masters in China -- just like CNN, the NY Times and
Washington Post.

That's why the Asia Times articles are a hoax.

That's not to say that the reasons given -- corruption, financing
difficulties, Baloch resistance and attacks -- are not real. But
China doesn't care about any of that crap. Its own people are just
cogs in a wheel to the CCP. The whole issue is overshadowed by
China's scam to get the IMF to pay Pakistan's debt to China.

---- Sources:

-- China slowly retreating from Pakistan’s Belt and Road
https://asiatimes.com/2020/12/china-slow...-and-road/
(Asia Times, 24-Dec-2020)

-- Pakistan / Gwadar port sealed off to protect Chinese firms
https://asiatimes.com/2020/12/gwadar-por...ese-firms/
(Asia Times, 25-Dec-2020)

-- Pakistan inches closer to IMF programme revival
https://www.geo.tv/latest/325991-pakista...me-revival
(Geo.tv, Pakistan, 23-Dec-2020)