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Pakistan and Egypt are pivotal states in volatile regions. For this reason, the world’s major powers and multilateral financial institutions essentially regard them as ‘too big to fail.’ But the short-term outlook for both economies is grim. Islamabad and Cairo have their hopes pinned on securing IMF support and short-term refinancing and rollovers from friendly countries, notably the Gulf States. How Pakistan and Egypt manage their current crises, and whether their leaders can muster the political will to shift decisively from seeking a respite to enacting meaningful reforms are matters of some importance to China. For, as China’s capabilities and ambitions have grown, so too have its economic stakes in both Pakistan and Egypt, and in their surrounding regions.  

Red seaDjibouti generalSuez canalAs suwaysAr riyaSaudi arabiaUnited arab emiratesSri lankaAl qahirahAbu dhabiAbuz abyQin gangGulf statesShehbaz sharifChina development bankMachinery engineering corporation