Most loans under CPEC at commercial rates: report

KARACHI: A substantial chunk of Chinese development financing under the China-Pakistan Economic Corridor (CPEC) consists of loans that are at or near commercial rates as opposed to grants, according to a report released on Wednesday by AidData, a US-based international development research lab. Shedding light on Beijing’s global development programme, the report said Chinese loans under CPEC constitute 95.2 per cent and 73pc of total … Continue reading Most loans under CPEC at commercial rates: report