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Politics

Pakistan wrestles with growing 'Chinese corridor' debt

Analysts say burden of economic agreement with Beijing may be unsustainable

A Chinese truck convoy last November opened the overland route through Pakistan to the Indian Ocean port of Gwadar. (Courtesy CRS Public Relations)

ISLAMABAD -- Two international lending institutions and Pakistan's central bank have raised concerns about the debt burden of a huge China-led infrastructure program on the country's improving but fragile finances.

Surging Chinese imports for the initiative, known as the China-Pakistan Economic Corridor program, have complicated Pakistan's balance of payments problems during its second year of economic recovery following a decade of conflict with Taliban insurgents and their al-Qaeda allies.

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