China has made this claim at a time when according to the IMF report, China has a loan of more than $ 30 billion on Pakistan. China has given billions of dollars to Pakistan in the name of CPEC and loans. These loans are at a very high rate of interest. Alam is that China has the largest share in the total foreign loan on Pakistan. Recently, China has given a loan of 700 million dollars so that Pakistan can be saved from default. However, even after this, the risk of default of Pakistan is very high.
America had given advice, that’s why China is angry
China’s Foreign Ministry spokesperson Mao Ning said, ‘It must be noted that the financial policies of some developed countries are mainly responsible for the economic troubles of many developing countries including Pakistan.’ Mao Ning said that the Western-led commercial lending countries and multilateral financial institutions have been the main lenders to developing countries. He said, ‘China and Pakistan have been evergreen strategic allies and iron brothers. Both the sides have helped each other.
Mao said, ‘China has always carried out economic and financial cooperation with Pakistan and helped Islamabad in economic development, raising the standard of living.’ Chinese spokespersons may claim anything, but experts believe that China has a major role in Pakistan’s economic ruin, which has burdened Pakistan with debt in the name of its Belt and Road project. He says that if Pakistan is not able to overcome the economic crisis, then it will become a slave of China. America has warned Pakistan to ask China to restructure its debt. China is enraged by this statement of America.