China claims these economic corridors will not only build infrastructure in countries that cannot afford to do it themselves but also boost global trade. The reason: it found China's conditions exploitative.Experts have warned CPEC is China's colonial ploy to create a permanent foothold in Pakistan. In the past few years, China gave Sri Lanka big loans to build infrastructure. Part of the money it gets by leasing out the Hambantota port will go into repayment of Chinese loans. Incidents in Sri Lanka, Nepal and Pakistan have cast serious doubts over China's project to dominate the world through investments in infrastructure.

Source: Economic Times November 17, 2017 10:18 UTC