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It is now for think tanks sitting in South block to have clear policy on this nexus, I have already stated few a times that even Pakistan's nuclear weapon program is an extension of China's.Are we underestimating the significance of this aid? I doubt we are! Don't just laugh it off or write it off.
China is not known to provide such budgetary supports, with the exit of the PPP government, the aid comes in immediately, says a lot of what is going to happen between Pak-Sino over the next 5 years, and remember, this is what is being officially reported and we have no idea about the deals being chalked out in the closed doors.
If this is how the PML-N is starting of with their relations with China, expect this relationship to further get pretty strong, something that the PPP was hardly ever able to do for Chinese were ever suspicious about their real intentions.
Pakistan is being developed into a satellite state, I wonder if ever there will be a pay back. On the surface they might report it as a loan, but on papers, it should be a grant.
We have to plan against this easy sell off neighbor, a poly-client state of anyone who places higher bid. When the bidder is someone who is at traction with India, is icing on the cake for them.