CPEC loans not behind Pakistan's current financial difficulties: China
China said that CPEC makes up a very small proportion of Pakistan's debt composition.
BEIJING (Dunya News) – Chinese foreign ministry spokesman Lu Kang on Monday said that debt incurred by CPEC makes up a very small proportion of Pakistan s debt composition and it is not to blame for the current financial difficulty in Pakistan.
Reacting to the move by its all-weather ally Pakistan to approach the IMF for the bailout package, Chinese foreign ministry spokesman Lu Kang said, "As a member of the IMF, China supports the organisation having cooperation with Pakistan in objectively and professionally evaluating the situation on the ground in Pakistan."
"Also, we support the IMF (helping Pakistan) in coping with the current difficulties. Their measures shall not affect normal bilateral cooperation between China and Pakistan," he said, adding the CPEC projects have been undertaken by the two governments under the principle of "consultation and contribution for shared benefits".
China today said the global lender IMF should "objectively and professionally" evaluate its planned investments in Pakistan to ensure that any financial package does not affect close ties between Beijing and Islamabad.
