{"id":402043,"date":"2021-02-25T12:21:43","date_gmt":"2021-02-25T06:51:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402043"},"modified":"2021-02-25T12:21:43","modified_gmt":"2021-02-25T06:51:43","slug":"chinas-debt-trap-diplomacy-pak-to-seek-debt-relief-for-power-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chinas-debt-trap-diplomacy-pak-to-seek-debt-relief-for-power-projects\/","title":{"rendered":"China&#8217;s debt-trap diplomacy: Pak to seek debt relief for power projects"},"content":{"rendered":"<p>In China&#8217;s debt-trap diplomacy, Pakistan is struggling to repay loans for power projects under President Xi Jinping&#8217;s Belt and Road Initiative (BRI) and seeks to reschedule as much as USD 22 billion in outstanding credits.<\/p>\n<p>In recent years, Chinese loans have fueled a massive buildout of Pakistan&#8217;s power generation, financing that has turned a perennial electricity shortfall into a now-massive capacity surplus that the highly indebted nation can increasingly ill-afford, Asia Times reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In China&#8217;s debt-trap diplomacy, Pakistan is struggling to repay loans for power projects under President Xi Jinping&#8217;s Belt and Road Initiative (BRI) and seeks to reschedule as much as USD 22 billion in outstanding credits. In recent years, Chinese loans have fueled a massive buildout of Pakistan&#8217;s power generation, financing that has turned a perennial electricity shortfall into a now-massive capacity surplus that the highly indebted nation can increasingly ill-afford, Asia Times reported.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-402043","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402043"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402043\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}