The announcement on April 12 that China has approved additional financing for infrastructure projects in Pakistan under the China Pakistan Economic Corridor (CPEC), taking the total investment to $62 billion, has been largely ignored by the Indian media, even though it has serious implications for Pakistan, China and the region.
The CPEC, a collection of infrastructure projects originally valued at $46 billion in 2014, has seen a cost escalation of nearly 40 per cent. The CPEC aims to develop the port of Gwadar in Baluchistan and link it with a network of highways and railways to western China passing through the
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