Nisha Gopalan & Shuli Ren, Columnists

Is Pakistan China's Venezuela?

One Belt, One Road, many debts and a few echoes.
Asim Hafeez/Bloomberg
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Might this be China's new Venezuela?

Beijing's frenzied drive to create a modern Silk Road puts Pakistan front and center, much as Venezuela was once a target of lending by China Development Bank as the nation sought to secure oil supplies.