Pakistan and China define their friendship as “higher than the heights of the Himalayas and deeper than the depths of the Arabian Sea.” To make it even stronger, President Xi Jinping of China visited Pakistan in April 2015, with a multibillion-dollar investment plan – the China-Pakistan Economic Corridor (CPEC), the main plank of Xi’s Belt and Road Initiative (BRI).
China has always defined the BRI as a win-win situation, implying that both China and host countries would enjoy the resultant economic prosperity. The truth, however, is completely different.
Basically, “win-win” probably meant that China would “win twice.” Unfortunately, the CPEC has burdened Pakistan’s economy with a lot of debt and trade deficits, and pushed the country on to the brink of bankruptcy. As well, China did not provide Pakistan with industrial technology to help it boost exports, nor did it create many jobs in the country – because the project has mostly hired Chinese laborers.
Basically, ‘win-win’ probably meant that China would ‘win twice’