BRICS nation China is planning to build a rail link to Pakistan and reduce reliance on the West for international trade. The railroad would start from the Chinese city of Kashgar and end at Pakistan’s port of Gwadar. The railway initiative between the two trading partners costs $57.7 billion and China aims to move ahead with the decision despite the hefty price tag, reported the South China Morning Post.
The Chinese media outlet reported that many other train systems could connect China to Turkey and Iran moving forward. China, the world’s largest manufacturer of goods, is bypassing the U.S. dollar dominance by improving and promoting the Chinese Yuan’s utility. If the development goes through, it would open direct access for China to trade with other Asian countries.
https://watcher.guru/news/brics-china-build-58-billion-railroad-to-pakistan-reduce-west-dependency
The Chinese media outlet reported that many other train systems could connect China to Turkey and Iran moving forward. China, the world’s largest manufacturer of goods, is bypassing the U.S. dollar dominance by improving and promoting the Chinese Yuan’s utility. If the development goes through, it would open direct access for China to trade with other Asian countries.
https://watcher.guru/news/brics-china-build-58-billion-railroad-to-pakistan-reduce-west-dependency
