China’s Debt Trap in Pakistan? A Case Study of the CPEC Project

Shaikh, Rizwan S.; Chen, Chien-Kai

doi:10.1177/02627280211040650

Cited by 10 publications

(10 citation statements)

References 33 publications

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“…As it is rooted in the regional geopolitics, its success has been considered to be significant for not only Pakistan but also for China. It has been argued that whatever happens to the Pakistani corridor of BRI will resonate elsewhere in the rest of the Asia with other associated economic corridors (Shaikh and Chen, 2021;Small, 2015).…”

Section: Signage Imaginaries and Ranci Erian Rupturementioning

confidence: 99%

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

Mehmood,

Cousins

2024

Environ Plan D

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The China–Pakistan Economic Corridor is a featured project of China’s Belt and Road Initiative that is creating new resource frontiers in Tharparkar, Pakistan. Centered around coal mining and energy production, these new sites of resource extraction and their infrastructures have sparked dissensus throughout the Desert district of Sindh, Pakistan. Our analysis draws on research on socio-technical imaginaries and Rancière’s thoughts on political change and aesthetics. In doing so, we examine how political dissensus is represented though graffiti and works in contrast to the socio-technical imaginaries represented by the state in public signage. The differences, we suggest, represent socio-technical counter imaginaries that form a politics that disrupts the established socio-political order embedded within the political goals of the China–Pakistan Economic Corridor. These counter imaginaries have important implications for the creation of just and equitable opportunities for people impacted by the emerging coal extraction and power generation complex. Our ethnographic approach provides a street-level analysis of the politicization of imagined socio-technical futures in the Tharparkar desert and emerging energy resource frontiers.

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Section: Signage Imaginaries and Ranci Erian Rupturementioning

confidence: 99%

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

Mehmood,

Cousins

2024

Environ Plan D

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“…The growing Chinese investment and development in Pakistan have also met criticism from different policy and strategic circles arguing that this will reduce Pakistan to a ‘vassal state’ (Krishnan, 2020: 202–5). Fears have been raised that CPEC could land Pakistan in a Chinese debt trap with enormous economic challenges (Shaikh & Chen, 2021). Recent writings (Ali, 2019: 259; Srivastava, 2021: 125) have drawn attention towards the political, social and environmental consequences of the CPEC project for the people of Gilgit-Baltistan.…”

Section: ‘Iron Brothers’ and China’s Growing Interests In Afghanistanmentioning

confidence: 99%

India-Afghanistan Relations in Changing Regional Geopolitics

Yousuf

2023

South Asia Research

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Afghanistan’s recent political transformations starkly confirm the country’s inevitable connectedness to volatile global geopolitics, currently witnessing the transformation of the role of the entire South Asian region within global geostrategic re-alignments. The US disengagement from Afghanistan put India and China into a new competitive scenario of cultivating their respective relations with Afghanistan. Before this complex backdrop, the article focuses on India’s policy options in Afghanistan, but first of necessity engages briefly with the changing regional geo-politics and the emerging new world order. In light of these new geopolitical realities, it becomes evident that despite much distrust and many misgivings, India’s Afghanistan policies have to be robust, focused on defending its geopolitical interests and concerns against China’s expansionist clout, while seeking to promote a multipolar world order, a strategy that appears like a reincarnation of India’s earlier path of non-alignment.

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“…While household debt problems reflect inconsistencies in income and expenditure flows, it is an unavoidable problem for most people in the economy, especially those below the poverty line (Adam & Miller, 2021). The debt trap does not only happen to individuals but can also happen to countries (Shaikh & Chen, 2021). The financial sector plays an important role in driving overlapping revenue streams with expenditure flows more harmoniously (Zhou & Xu, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Economic Challenges And The Potential Threat Of A Debt Trap In Asia

Prabowo¹,

Sasongko²,

Damayanti³

2022

TAJI

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This study attempts to investigate the potential for public debt traps in countries in Asia, especially Southeast Asia, Sri Lanka, and Timor Leste. This study employs a vector panel model using secondary data from annual Reports in a quantitative manner from the world bank. This study investigates samples from 12 Asian countries, namely Sri Lanka, Timor Leste, Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia. we use an annual research time period from 1990 to 2020. We found that economic growth, consumption growth, government spending, total debt arising from bond sales, and interest rates in Sri Lanka, Timor Leste, Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia influence each other significantly. This shows that public debt has an impact on almost all lines of the economic sector. When the public debt is not balanced by the real sector, which is represented by economic growth, consumption growth, and government spending, it will become a threat to the economy when public debt payments are due and state revenues are insufficient to make payments and the real sector is not strong enough to support cash outflows. As a result of the payment of a public debt, there is the potential for a crisis as well as interest rates which have an impact on public debt, where the higher the interest rate, the more burdensome the real sector will be in providing compensation for loans received at the specified interest rate.

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China’s Debt Trap in Pakistan? A Case Study of the CPEC Project

Cited by 10 publications

References 33 publications

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

India-Afghanistan Relations in Changing Regional Geopolitics

Economic Challenges And The Potential Threat Of A Debt Trap In Asia

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