News Analysis India is preparing to fight a war on two fronts, while Pakistan is discovering that the cost of the China-Pakistan Economic Corridor (CPEC) includes crippling debt, loss of U.S. alliance, and potential conflict with India. In 2018, the World Bank warned countries participating in China’s Belt and Road Initiative (BRI) that the project has been known to cause debt risks, social risks, corruption, and stalled or frozen infrastructure projects. Add in increased terrorism, political interference by the military, and China’s tensions with India and the United States—this describes the impact of CPEC on Pakistan. Former U.S. Ambassador Alice Wells, head of the South Asia and Central Asia Bureau, told the Wilson Center that the Chinese regime is exploiting Pakistan. At that time, Pakistan’s debt to China had already risen to $15 billion, not including an additional $6.7 billion of commercial debt. Projects were being quoted at inflated prices, …