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Belt and Road

China's mood chills on new Belt and Road projects in Pakistan

Cautious amid economic crisis, Beijing defers oil, gas and steel offers

A railway worker in Karachi: China is becoming wary of pouring more money into projects in economically unstable Pakistan.   © Reuters

KARACHI -- When Pakistan and China sat down recently for talks on Beijing's major Belt and Road initiative known as the China-Pakistan Economic Corridor (CPEC), the China side showed a distinct lack of enthusiasm toward pumping more money into new projects. 

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