Pakistan recently handed over management of its strategic deepwater Gwadar seaport to China. Both countries insist the deal is a “purely commercial venture.” But critics and financial analysts are skeptical about the remote port’s economic viability and believe it will be used for military purposes.

The Gwadar port lies near the Strait of Hormuz, gateway for about 20 percent of the world’s oil. Beijing provided most of the port’s initial $250 million construction cost, as part of a … [Read More]

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Source: VOA News: Economy and Finance