Step Aside US: Pakistan’s New “Best Friend” China, To Provide Karachi With 50 New JF-17 Fighter Jets On Expedited Basis

Thursday, May 19, 2011
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/19/2011

There was a time when a young Mujahideen commander named Osama bin Laden was a core ally of the US in the fight against Soviet communism and central planning. Well, that particular affair did not end too well for either Osama, nor for the USSR (although one may argue that “communism and central planning” are experiencing a second renaissance courtesy of capitalist central banking). Along the same lines, Pakistan which as recently as 3 weeks ago was considered a core US ally, has very promptly fallen out of favor following the death of that other abovementioned former ally. Yet Pakistan is not wasting time. Two days after Pakistani PM Yousuf Raza Gilani took a direct stab at deteriorating US-Paki relations by saying that China is now his country’s “best friend”, China has retorted in kind by announcing it will provide another 50 JF-17 fighter jets to Pakistan on an “expedited” basis. The WSJ reports that “the agreement to accelerate supply of the jointly developed jets, the first 50 of which are being assembled in Pakistan, came as Pakistan’s Prime Minister Yusuf Raza Gilani held talks in Beijing during a visit that he has used to portray China as an alternative source of military and civilian aid. “We’re getting the 50 jets, on top of the ones we already have. Something has been agreed in Beijing, so they’ll be expedited” he said.” In other words: step aside US, here comes China. As for those billions in USD aid which somehow never ended up being used to buy US Treasurys (Pakistan is nowhere in the listing of US Treasury holders) , it is now clear into whose pocket they are going (at $15 million a pop, those are big pockets). Lastly, this is more than just posturing by China: the country is clearly indicating its latest and greatest sphere of influence. As a reminder, “It was reported in 2008 that Azerbaijan and Zimbabwe had placed orders for the aircraft and nine other countries, including Bangladesh, Myanmar, Egypt, Iran, Lebanon, Malaysia, Morocco, Nigeria, Sri Lanka and Algeria were showing interest.”

The rest…HERE

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