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Showing posts from May 12, 2017

China defends military ties with Sri Lanka after submarine visit blocked

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XChina defended its military relationship with Sri Lanka as good for regional peace and stability after Sri Lanka rejected a request from China to dock one of its submarines in Colombo this month.Sri Lanka last allowed a Chinese submarine to dock in the capital of Colombo in October 2014, a move that triggered fierce opposition from its northern neighbor India, which worries about growing Chinese activity in a country it has long viewed as part of its area of influence.Indian Prime Minister Narendra Modi arrived in Sri Lanka on Thursday for a two-day official visit.China's Defence Ministry, in a statement sent to Reuters, did not directly mention the rejected request for the submarine visit, but said its submarines needed a place to resupply on their way to anti-piracy missions."The stopping to resupply of our military's submarines that are on their way to the Gulf of Aden and Somali waters for protection missions is an inte…

Sri Lanka says no to Chinese submarine visit

http://www.straitstimes.com/asia/south-asia/sri-lanka-says-no-to-chinese-submarine-visit


PUBLISHED6 HOURS AGOFACEBOOK2TWITTERWHATSAPPEMAILCOLOMBO • Sri Lanka refused permission for a Chinese submarine to dock at Colombo next week after similar visits in 2014 angered regional superpower India, a top defence official has said.The Chinese authorities had sought clearance for a port call at Colombo, where a Chinese state-owned company operates a mega container terminal, the official said, requesting not to be named."They have asked for permission, but we have said no," the official told Agence France-Presse on Thursday. "It is a very sensitive matter." He did not elaborate.The rejection came as Indian Prime Minister Narendra Modi was visiting Sri Lanka as chief guest for the country's celebration of Vesak Day, which marks the birth, enlightenment and death of Buddha.Get The Straits Times
newsletters in your inboxSIGN UPYesterday, Mr Modi declared his desire for a &qu…

Nepal Formally Joins China's Silk Road Plan Opposed by India

http://www.news18.com/news/india/nepal-formally-joins-chinas-silk-road-plan-opposed-by-india-1400225.html

News18.comUpdated: May 13, 2017, 8:17 AM ISTNepal's Foreign Secretary Shankar Das Bairagi and China's Ambassador to Nepal Yu Hong (L) exchange documents during a signing ceremony relating to the One Belt One Road initiative in Kathmandu on May 12, 2017. (Image: Getty Images)Kathmandu: Nepal has formally inked a major deal with China to join President Xi Jinping's ambitious 'One Belt One Road' initiative to link Asia with Europe, a move that could raise concerns in India.The long-discussed deal between Nepal and its much bigger neighbour comes just days before China hosts a summit for 28 leaders near Beijing on May 14 and 15, showcasing the ambitious plan.Chinese Ambassador to Nepal Yu Hong and Nepal's Foreign Secretary Shankar Bairagi signed an MoU at the Ministry of Foreign Affairs in Kathmandu. Deputy Prime Minister and Minister of Finance Krishna Bahadur …

China's 'New Silk Road' - perception and reality

http://m.dw.com/en/chinas-new-silk-road-perception-and-reality/a-38818750



China is holding a summit this weekend to showcase President Xi Jinping's ambitious plan to revive ancient Silk Road trade routes by pouring money into rail, maritime and road projects across Asia, Europe and Africa.Four years is not a lot of time for executing one of the most ambitious infrastructure projects of this century.In the fall of 2013, Chinese President Xi Jinping unveiled his gigantic "One Belt, One Road" (OBOR) initiative - more commonly known as the "New Silk Road."Its goal is to improve connectivity between Asia, Europe and Africa by building a web of transport and other physical infrastructure such as roads, railways, seaports and pipelines in various countries along the ancient "Silk Road" route.The project is expected to facilitate increased trade between China and the countries along the route. It could also pull them closer toward Beijing.But any attempt to ex…

U.S., Japan to attend China’s Silk Road summit

http://www.thehindu.com/news/international/indias-silence-grows-louder-as-us-also-enlists-in-the-belt-and-road-forum/article18438498.ece

Atul AnejaBEIJING, MAY 12, 2017 19:13 ISTUPDATED: MAY 12, 2017 22:18 ISTIndia’s decision not to announce an official delegation for the occasion, has become conspicuous.China’s bid to internationalise its Belt and Road connectivity initiative received a shot in the arm with the United States deciding to send a high-level delegation to an upcoming international forum in the Chinese capital.A decision by France and South Korea as well to send delegates to theBelt and Road Forum, which begins on Sunday, has added to the growing international convergence to explore in greater depth, the China-led initiative. Japan is also being represented by Prime Minister Shinzo Abe’s senior adviser, and Secretary General of the Liberal Democratic Party Toshihiro Nikai. The Vietnamese President, Tran Dai Quang is already in the Chinese capital for parleys with the Chine…

Pakistan allocates Rs155-160 billion matching fund for CPEC projects

https://www.thenews.com.pk/print/204213-Pakistan-allocates-Rs155-160-billion-matching-fund-for-CPEC-projects


ISLAMABAD: At a time when Pakistan and China are going to sign $8 billion Mainline (ML-1) rail up-gradation network during the ongoing visit of PM Nawaz Sharif, Pakistan has earmarked Rs155-160 billion as matching financing for executing development projects of energy and infrastructure sectors in the upcoming budget 2017-18 under the $46 billion China Pakistan Economic Corridor (CPEC).During the ongoing visit of PM Nawaz Sharif to China for attending the One Belt One Road (OBOR) conference, both sides are expected to sign the Long Term Plan (LTP- 2015-2030) and finalising grants component for Gwadar development, including construction of Gwadar airport. Some positive outcome is also expected on hydropower generation, including Diamer-Bhasha Dam during the visit of PM to China. The government is also set to allocate funding for the Bhasha Dam in the next PSDP for 2017-18.After s…

HIGHWAY TO SELL: HOW $55B TRADE CORRIDOR REKINDLED CHINA-PAKISTAN LOVE AFFAIR

http://m.scmp.com/week-asia/geopolitics/article/2093736/highway-sell-how-55b-trade-corridor-rekindled-china-pakistan





BY TOM HUSSAIN13 MAY 2017A US$55 billion programme to link the routes of China’s Belt and Road plan through Pakistan has revived a relationship that began with the Karakorum Highway – even if critics blame it for mischief in KashmirThe Karakoram Highway in Gilgit-Baltistan, a precursor to today’s China-Pakistan Economic Corridor. Photo: ShutterstockA young Chinese Muslim named Adam crosses one of the world’s highest borders into Gilgit-Baltistan, a mountainous region that forms the sole land bridge between China and Pakistan. He was just a baby when his father perished, along with hundreds of other Chinese construction workers, while carving the strategic Karakorum Highway into treacherous mountain slopes in the 1960s and 70s.Adam’s father paid the ultimate price to lay the foundations for the present-day China-Pakistan Economic Corridor (CPEC), a US$55 billion infrastru…

U.S. Can Take a Lane on China's New Silk Road

https://www.bloomberg.com/view/articles/2017-05-11/u-s-can-take-a-lane-on-china-s-new-silk-road


For once, Beijing can do the heavy lifting and Americans can reap the rewards.By Jon Finer20May 11, 2017, 9:53 PM GMT+5:30While Washington is preoccupied with talk of a potential trade war with China and real war on the Korean Peninsula, Beijing is preparing for a different conversation about the future of Asia.QuickTakeChina's Silk RoadBanners draping highway overpasses across the city herald the arrival Sunday of more than 100 national delegations -- including at least 28 heads of state -- to discuss the so-called Belt and Road Initiative, President Xi Jinping’s campaign to better link East and West with new sea- and airports, pipelines and broadband internet, railways and paved highways along the old Silk Road.Some analysts here have dubbed Belt and Road -- which refers to the ancient land corridor to Europe and sea lanes to Africa, respectively -- China’s Marshall Plan, and the sures…

Belt and Road Initiative: China Plans $1 Trillion New ‘Silk Road’

http://www.nbcnews.com/news/china/belt-road-initiative-china-plans-1-trillion-new-silk-road-n757756



by ERIC BACULINAOChina hopes to revive the "Silk Road" and is planning the world's largest infrastructure program to connect Asia and Europe, a project that could be worth $1 trillion or more. Paul Cheung / NBC News
BEIJING — China is aiming to re-create Marco Polo's ancient "Silk Road" that connected Europe to Asia.But instead of the camels and caravans that transported spices and silk hundreds of years ago, a $1.4 trillion network of modern trading routes would be built.On Sunday, Chinese President Xi Jinping will host 28 heads of state at the opening of a two-day summit focusing on the so-called "Belt and Road" initiative.Analysts suggest the project could shift the center of global economy and challenge the U.S.-led world order.Chinese President Xi Jinping Peter Klauzer / Pool via EPA, fileBeijing hopes the gathering will rally international suppo…

CPEC project to take formative shape by 2020

https://www.dawn.com/news/1332640/cpec-project-to-take-formative-shape-by-2020

MANZOORALIPUBLISHED PESHAWAR: The China-Pakistan Economic Corridor project is likely to take initial shape by 2020 and start boosting economic growth in both countries, suggests the multibillion dollars initiative’s draft long-term plan.The federal government had recently shared the draft LTP with the provinces for feedback. The LTP will remain operative until 2030 after its approval by both Pakistan and China.The draft LTP, a copy of which is available with Dawn, says the CPEC covers China’s Xinjiang Uyghur Autonomous Region and whole territory of Pakistan and its coverage is divided into core and radiation zones.It says the core and radiation zones present the spatial layout of the ‘one belt, three axes and several passages’.

Draft document says security, geopolitical risks and restraints to economic growth prospects possible challenges to venture🔴“By one belt, we mean the belt area composed of core zone o…

German companies express interest in CPEC projects

https://tribune.com.pk/story/1407615/german-companies-express-interest-cpec-projects/
By Kashif HussainPublished: May 12, 2017
PHOTO: REUTERSFRANKFURTThe strong resolve of the Pakistani and Chinese leadership to implement the China-Pakistan Economic Corridor (CPEC) programme is also sparking interest among other countries in the investment opportunities available in Pakistan.German companies have expressed interest in pouring capital into various CPEC projects and in the country’s special economic zones.‘Around 10 special economic zones to be set up in CPEC’ADVERTISEMENTThe Munich Chamber of Commerce has asked for the list of Pakistani companies so that cooperation with them could be increased and the opportunities for investment in joint ventures can be explored.Nadeem Ahmed, Pakistan’s Consul General, told The Express Tribune that German authorities and private companies were interested in CPEC.He said the Pakistani embassy was spreading awareness among the private sector and invest…

India to be represented by embassy staff at China's new Silk Road summit

http://m.economictimes.com/news/politics-and-nation/india-to-be-represented-by-embassy-staff-at-chinas-new-silk-road-summit/articleshow/58645068.cms

By Reuters | Updated: May 12, 2017, 05.41 PM IST
External Affairs Ministry spokesperson Gopal Baglay said that India had made its concerns regarding the CPEC running through sovereign Indian territory very clear to ChinaNEW DELHI/BEIJING: India is likely to be represented by local embassy staff or academics this weekend at a major gathering of leaders and ministers on China's "Silk Road" initiative, reflecting deep unease in New Delhi about the far-reaching project. India's main objection to China's plan to build ports, railways and power links across Asia and on to Europe is that the $57 billion China-Pakistan Economic Corridor (CPEC), a key part of the plan, runs through Kashmir. The broader worry for India is that the " Belt and Road" initiative involving hundreds of billions of dollars over the coming dec…

Haideri says sustained minor injuries in blast that killed 25

http://nation.com.pk/national/12-May-2017/deputy-chairman-senate-abdul-ghafoor-injured-in-roadside-bomb


May 12, 2017, 2:25 pm/ 1 CommentA bomb exploded next to a convoy of the deputy chairman of Senate on Friday in the violence-plagued province of Balochistan, killing at least 25 people, officials said.At least 35 people were wounded in the blast near the town of Mastung, 50km (30 miles) from the provincial capital of Quetta. Television footage showed a vehicle mangled by the blast.Senator Abdul Ghafoor Haideri, the deputy chairman of the upper house of parliament, said minutes after the explosion he believed he was the target and he had sustained minor injuries."There are many casualties as there were many people in the convoy," he said by telephone.There was no immediate claim of responsibility for the attack from the many militant groups operating in Balochistan.Haideri is a member of Jamiat-e-Ulema Islam, a right-wing Sunni Islamist political party that is part of Prime M…

CPEC will offer militants additional targets: US

https://tribune.com.pk/story/1407854/cpec-will-offer-militants-additional-targets-us/


By News DeskPublished: May 12, 2017
Dan Coats. PHOTO: REUTERSThe United States on Thursday claimed the emergence of the China-Pakistan Economic Corridor in Pakistan would allow terrorist groups more targets for attacks.“The emerging China Pakistan Economic Corridor will probably offer militants and terrorists additional targets,” Daniel Coats, director of National Intelligence, told lawmakers during a Congressional hearing. Coats was testifying before the Senate Select Committee on Intelligence along with other top intelligence officials.Pak Army rubbishes India’s claim of mutilating soldiers’ bodies along LoC‘Pakistan responsible for deteriorating ties’The National Intelligence director also pointed fingers at Pakistan, stating the country was responsible for the deteriorating ties with its neighbour, India.“Islamabad’s failure to curb support to anti-India militants and New Delhi’s growing intoleranc…

Crucial For India To Join This China Initiative

http://m.ndtv.com/opinion/modi-must-send-a-rep-to-attend-chinas-big-summit-1692311

Sudheendra KulkarniBEIJING: In modern times, China has initiated a new connectivity agenda unprecedented in its scope and ambition, and unrivalled in its potential impact on world history. The Belt and Road Initiative (BRI), a combination of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, is envisioned as the modern version of the ancient Silk Road, a network of trade routes that connected the vast stretches of Asia, and also linked Asia to Europe and Africa. Using the ancient Silk Road as the banner, China has proposed a collaborative plan to build a modern network of highways, high-speed railway lines, ports, airports, digital connectivity infrastructure, power grids, gas pipelines and supportive financial mechanisms, linking the three continents and beyond. BRI is expected to generate a new wave of globalisation when it begins to be implemented full speed. Indeed, Globalisation 2.…