CPEC loans not responsible for Pakistan’s economic crisis: China

Posted In: News Date:Oct 15th, 2018

BEIJING: China on Monday said it supported International Monetary Fund (IMF) in carrying out an objective and professional evaluation of Pakistan’s financial situation and assisting it dealing with current difficulties and added, the relevant measures should not affect normal bilateral cooperation between China and Pakistan.

“As a member of the IMF, China supports this organization in carrying out objective evaluation of Pakistan’s financial difficulties and assisting it in dealing with current difficulties and the relevant measures shall not affect the normal bilateral relations between China and Pakistan,” Chinese foreign ministry’s spokesperson Lu Kang said during his regular press briefing.

While rejecting the impression that the loans under China-Pakistan Economic Corridor (CPEC) were the cause of current financial situation of Pakistan, he said, the Chinese side had explained many times that the CPEC was undertaken by the two governments under the principle of consultations and contributions for shared benefits.