A few days ago, the Chinese Communist Party officially announced that it would provide $1.5 billion to help Pakistan pay its debts. The land media then posted an article saying that $1 billion had been given previously. The news sparked outrage among netizens at a time when the lives of China’s underclass are in dire straits. The story has now been removed.
On December 14, the official website of the Ministry of Commerce of the Communist Party of China (CPC) released a news release saying that the authorities intended to provide a $1.5 billion loan to Pakistan to help the country repay its $2 billion debt to Saudi Arabia.
On the same day, Sina Finance posted an article saying that Pakistan’s debt to Saudi Arabia is about to expire and the country’s economy is in trouble due to the epidemic, so China is reaching out to help.
The article also said that Pakistan owes a total of $3 billion to Saudi Arabia for this debt, and has previously repaid $1 billion, also provided by the Beijing government, to prevent Pakistan’s financial collapse.
The above news provoked the anger of Chinese netizens. People are asking: Does Pakistan need to pay back these “loans”? Others blamed the authorities: why didn’t they lend a helping hand to the countless Chinese people who are also in dire straits due to the epidemic?
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