China may not fund USD 60 billion BRI project as Pakistan's burgeoning debt rises

Beijing is backing away from Pakistan`s USD 60 billion commitment to the global Belt and Road Initiative. The CPEC's future is not only clouded by China`s apparent new, more conservative lending policy but also Pakistan`s overborrowing, which is fast driving the country toward a debt crisis.

from Zee News :World https://ift.tt/3aG69NO