KATHARINE HOURELD
APR. 20, 2015
China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China's economic ambitions in Asia and beyond.
China's President Xi Jinping arrived in Pakistan to oversee the signing of agreements aimed at establishing a China-Pakistan Economic Corridor between Pakistan's southern Gwadar port on the Arabian Sea and China's western Xinjiang region.
The plan, which would eclipse U.S. spending in Pakistan over the last decade or so, is part of China's aim to forge "Silk Road" land and sea ties to markets in the Middle East and Europe.
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