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Showing posts from July 25, 2017

Belt and Road Initiative plays key role in Sino-Philippine ties: FM

http://news.xinhuanet.com/english/2017-07/26/c_136472136.htm


Source: Xinhua| 2017-07-26 00:14:11|Editor: Yang YiChinese Foreign Minister Wang Yi (L) shakes hands with his Philippine counterpart Alan Peter Cayetano during their bilateral meeting in Manila, thePhilippines, July 25, 2017. (Xinhua/RouelleUmali)MANILA, July 25 (Xinhua) -- The Belt and Road Initiative will play a key role in the cooperation between China and the Philippines, Chinese Foreign Minister Wang Yi said on Tuesday.Wang said the Philippines is an important part of the ancient Maritime Silk Road, as the Southeast Asian country was the first stop of the Chinese commercial ships from Fujian province.Like in history, the Philippines will once again be a vital part of the 21st Century Maritime Silk Road, he said.Wang said under the framework of Belt and Road, China will help the Philippines strengthen its infrastructure like bridges and roads that can facilitate connectivity in the region.Wang made the remarks at a joint …

Allaying Indian concerns, Sri Lanka limits China's role to commercial operations at Hambantota port

http://m.economictimes.com/news/defence/allaying-indian-concerns-sri-lanka-limits-chinas-role-to-commercial-operations-at-hambantota-port/articleshow/59753952.cms



By Reuters | Jul 25, 2017, 06.37 PM IST

COLOMBO: Sri Lanka's cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public anger in the island nation.The port, close to the world's busiest shipping lanes, has been mired in controversy ever since state-run China Merchants Port Holdings , which built it for $1.5 billion, signed an agreement taking an 80 percent stake.Under the new deal, which Reuters has examined, the Sri Lankan government has sought to limit China's role to running commercial operations at the port while it has oversight of broader security.
Chinese control of Hambantota, which is part of its modern-day "Silk Route" across Asia and beyond, as well as a plan to acquire 15,000 acre…

China’s Maritime Provocations Are Nothing Next To America’s Adventurism A Century Ago

http://m.huffpost.com/us/entry/us_5975f525e4b09e5f6cd0b1fd

The message from the U.S. is that China should be more like us. But Americans should be careful what they wish for.07/25/2017 12:28 pm ET | Updated 7 hours agoHOANG DINH NAM VIA GETTY IMAGESA Vietnamese Coast Guard officer takes a picture of a Chinese Coast Guard ship near Vietnam’s central coast. May 14, 2014.On May 24, for the first time in Donald Trump’s presidency, a U.S. Navy destroyer conducted a freedom-of-navigation operation in the South China Sea, cruising within 12 nautical miles of Mischief Reef, a disputed island in the Spratly archipelago. The operation, the fifth in the last two years, contested Chinese claims to territorial waters in the South China Sea, which an international tribunal had ruled in 2016 to be in violation of international law. As U.S. Secretary of Defense James Mattis argued earlier this year, “China has shredded the trust of nations in the region. … the point behind a rules-based international …

Not just land disputes, China has been unilaterally changing maritime boundaries

http://m.timesofindia.com/india/not-just-land-disputes-china-has-been-unilaterally-changing-maritime-boundaries/articleshow/59766874.cms



Dipanjan Roy Chaudhury | ET Bureau | Updated: Jul 26, 2017, 09.04AM IST

There appears to be a pattern in Chinese behaviour when it is simultaneously challenging sovereignty of its neighbours – Japan, SE Asia, India abd Bhutan. China pushing the envelope on the territorial disputes comes amid uncertainty over US role in Asia-Pacific under the Trump administration.NEW DELHI: Unilaterally changing disputed boundaries with neighbours has been hallmark of China’s external policy in recent years. In the context of the dispute at the India-Bhutan-China tri-junction, it will be interesting to note that Beijing is engaged in changing maritime boundaries with Japan in East China Sea and host of SE Asian nations in South China Sea (SCS).There appears to be a pattern in Chinese behaviour when it is simultaneously challenging sovereignty of its neighbours – Japan, …

Sri Lanka approves revised China Merchants port deal

http://www.thestandard.com.hk/section-news.php?id=185537&sid=2
Business | Reuters and Janice Huang 26 Jul 2017
Sri Lanka has cleared a revised agreement on its Chinese-built southern port of Hambantota with China Merchants Port Holdings (0144). Under the new deal to be signed on Saturday, the Sri Lankan government has sought to limit China's role in running commercial operations at the port while overseeing broader security.The port, close to the world's busiest shipping lanes, has been mired in controversy ever since state-run China Merchants, which built it for US$1.5 billion (HK$11.7 billion), signed an agreement taking an 80 percent stake.China Merchants has agreed to invest up to US$1.12 billion in the port, and it will take an 85 percent stake in Hambantota International Port Group that will run the port and its terminals, with the rest held by Sri Lanka Ports Authority, with a capital of US$794 million.Hambantota International Port Group Services Co, with capital of U…

China-India cooperation helps promote open global trade, counter protectionism

http://news.xinhuanet.com/english/2017-07/25/c_136471919.htm
Source: Xinhua| 2017-07-25 21:16:49|BEIJING, July 25 (Xinhua) -- For China and India -- the world's two biggest markets, their strengthening of trade cooperation and advocacy of open trade policy will definitely contribute to promoting open global trade and containing protectionism.Firstly, India's open foreign economic policy is an important force for the current world where protectionism is on the rise.The South Asian nation has adopted a positive and open foreign economic policy and has been an important supporter for the open foreign trade policy.Under the leadership of Prime Minister Narendra Modi, India has implemented an active foreign policy, has reformed foreign investment policy and encourages domestic enterprises to go on the international market.India has been actively attracting foreign investment, has created a favorable investment climate and has been the largest destination for foreign direct investmen…

Update: $1.5b China Loan for Iranian Rail Project

https://financialtribune.com/articles/economy-domestic-economy/68986/update-15b-china-loan-for-iranian-rail-project

Wednesday, July 26, 2017

China signed a contract with Iran to finance the electrification of a 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province with a $1.5 billion loan.As per the agreement signed between the two sides in Tehran on Tuesday, the guarantee for the loan, which is to be granted by Exim Bank of China, will be provided by Iran’s Bank of Industry and Mine, IRIB News reported.Ali Ashraf Afkhami, CEO of the Iranian bank, was quoted as saying by IRNA that the contract was signed after 16 months of negotiations.The electrification project will be carried out by China National Machinery Import and Export Corporation, otherwise known as CMC.A subsidiary of China General Technology Group, CMC is an international engineering contractor in transportation infrastructure, industrial facilities and power plants. In 2014, the company cons…

Central Asia’s Catechism of Cliché: From the Great Game to Silk Road

http://www.eurasianet.org/node/84491

July 25, 2017 - 12:53pm, by Alexander Morrison

Troops of the Russian Empire take the ‘Silk Road’ city of Samarkand in 1868 as part of the ‘Great Game.’ The ideas of both the ‘Great Game’ and ‘Silk Road’ as they are generally understood today are inaccurate, Alexander Morrison argues. (Painting by Nikolai Karazin, public domain)When people ponder the history of Central Asia, they tend to have two ideas in mind – that the region has long been the subject of great power rivalry, known since the 19th century as the ‘Great Game,’ and that prior to that, for over 2,000 years, the region was at the heart of a major trade route connecting China and Europe, known as the ‘Silk Road.’

Both of these ideas, as they are generally understood today, are inaccurate. They have become clichés that are sometimes used in absurd ways. In early 2017, for example, the ‘Mega Silk Way,’ the largest shopping mall in Central Asia, opened its doors across the road from my univer…

China and India torn between silk roads and cocked guns

http://www.atimes.com/article/china-india-torn-silk-roads-cocked-guns/

The current stand-off at Doklam, or Donglang, is little more than a sideshow in the bigger picture as South Asia's tectonic plates shift in a direction that makes New Delhi's resistance to China's Belt and Road Initiative (BRI) look increasingly futileBy PEPE ESCOBARJULY 25, 2017 5:38 PM (UTC+8)9316So, once again it’s down to a face-off in the Himalayas. Beijing builds a road in the disputed territory of Doklam (if you’re Indian) or Donglang (if you’re Chinese), in the tri-junction of Sikkim, Tibet and Bhutan, and all hell beaks loose. Or does it?The Global Times blames it on an upsurge of Hindu nationalist fervor, but selected Indian officials prefer to privilege ongoing quiet diplomacy. After all, when Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana last month, they struck a gentleman’s agreement; …

Balochistan: Fresh offensives of Pakistani forces continue in Harnai

http://balochwarna.com/2017/07/25/balochistan-fresh-offensives-of-pakistani-forces-continue-in-harnai/

about 16 hours agoQUETTA: Pakistan forces carried out fresh offensives in surroundings areas of Harnai and Shahrag and abducted several people including women and children.According to details Pakistan military and FC conducted attacks in Neshpa and Kost area of Shahrag and set many houses of innocent people on fire. The forces also looted houses and terrorised the residents including women and children.Pakistani forces opened intense firing on house of abducted Mir Hazar Marri in Neshpa and burned down his house whereas in Kost Pakistani forces abducted women and children of Mozho Marri.The attacks against innocent people in the region continued until the filing of the report

CPEC: Why India is Opposing the Project?

http://pakobserver.net/cpec-india-opposing-project/



Col (R) Muhammad HanifCHINA-Pakistan Economic Corridor (CPEC) is a $ 52 billion project (China’s investment in Pakistan) being implemented since 2015, when both Pakistan and China signed an agreement to construct this Economic Corridor. This is a huge project comprising the construction of about a dozen power projects, a grand road and Railway network connecting the Kashghar city of the Xiang Autonomous Region of China with the Gwadar port city of Pakistan. The project also includes construction of 11 industrial zones and laying of fibre optic from Kashghar to Islamabad. While the Corridor would connect China and Pakistan, it would also connect South and Central Asian countries and China with each other and with the outer world and vice versa for trade and travelling, saving their precious time and cost since it would be a shorter and cheaper route. This facility would be equally available to all South Asian countries including, India…