More countries refuse loans from China in effort to maintain control

Pakistan and Nepal have been added to the list of countries refusing Chinese money for government projects.

Pakistan and Nepal have decided to stop seeking funds from China for two large-scale development projects. Both are part…

Pakistan announced in mid-November of this year that they have decided to build the $14 billion Diamer-Basha dam on the Indus River without the help of Chinese loans. They cited that China's conditions for financing the project "were not doable and against (their) interest". The project was supposed to be part of the roughly $60 billion China-Pakistan Economic Corridor.

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