Pakistan cozies up to China on trade after Trump tweet

CNN Money
by Rishi Iyengar
January 3, 2018: 8:40 AM ET

Barely a day after being tweet-slammed by President Trump, Pakistan announced new measures that will strengthen its trade ties with China.Pakistan's central bank said it has officially adopted China's yuan as a currency for trade between the two countries, which are neighbors and allies. That means companies in China and Pakistan can now trade directly in yuan instead of having to use currencies such as the U.S. dollar.

The currency move will likely boost China's proposed global trade route -- the One Belt, One Road initiative -- which passes through Pakistan. The China-Pakistan Economic Corridor (CPEC), unveiled by President Xi Jinping in 2015 with a pledge to invest at least $46 billion in Pakistan, has already deepened links between the countries.

http://money.cnn.com/2018/01/03/news/economy/pakistan-china-trump-trade-yuan-dollar/index.html

For every action in foreign policy there are secondary consequences to be faced. Again IQ45s administration creates a power vacuum that China fills. This move dovetails with the premise of the New Yorker article from today.
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