Energy projects won’t add to debt: China

BEIJING: A Chinese Foreign Ministry’s Spokesperson said on Wednesday that power projects under China-Pakistan Economic Corridor (CPEC) did not incur debt burden on the Pakistani side because they were investment projects.

“I can say this with good authority that these energy projects are commercial investment where Chinese companies invested in Pakistan. They do not incur debt burdens on the Pakistani side because they are investment projects,” Zhao Lijian said during his regular briefing in response to a question that Pakistan had requested China to reschedule their debts to the tune of around a US$22 billion in power projects which China has funded.

“We have responded to similar questions many occasions. I don’t know how you got your specific figure,” he questioned.

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