ISLAMABAD -- Cash-strapped Pakistan is moving to restructure more than $15 billion in power-plant debt owed to Chinese energy producers, in a move that threatens to dampen Beijing's appetite for future investment.
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A Chinese-backed power plant under construction in Pakistan's southern Sindh province in 2018. © AFP/Jiji
ISLAMABAD -- Cash-strapped Pakistan is moving to restructure more than $15 billion in power-plant debt owed to Chinese energy producers, in a move that threatens to dampen Beijing's appetite for future investment.