In the context of CPEC financing, what is the primary instrument used by Chinese state banks to fund Pakistani infrastructure projects?
Q1. In the context of CPEC financing, what is the primary instrument used by Chinese state banks to fund Pakistani infrastructure projects?
Answer: Sovereign-backed commercial loans at concessional rates
Explanation: Chinese state banks such as China Development Bank and Exim Bank of China primarily use sovereign-backed commercial loans at concessional rates to finance CPEC infrastructure, creating long-term debt repayment obligations for Pakistan.