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.
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
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