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Showing posts from August 22, 2017

Gwadar port to be fully operational in three to four years — Pakistan envoy to China A power plant is being set up there to provide electricity to the city APP 17:41 August 22, 2017 Deep sea port of Gwadar Pakistan. Image Credit:Supplied Beijing/Islamabad: Pakistan’s Ambassador to China, Masoud Khalid, on Tuesday said work was well in progress on Gwadar port and he had confidence it would be fully operational in three to four years. A power plant is being set up to provide electricity to the city and port, and the existing airport and highways are being expanded. “In three to four years, Gwadar will become a different city, and Gwadar port will be fully operational,” he said during an exclusive interview with “In fact, ships have now started arriving and they are bringing cargo and equipment for the work on the port. All in all the progress is good. We need to work faster on the airport. We need the airport as s

Is CPEC a Trade Deal or a Military Alliance against India? Posted by  New Delhi Times Bureau China Pakistan economic corridor is a deal or an agreement between China and Pakistan to increase the volume of trade. The deal covers one of the largest overseas projects which will connect Kashgar’s Xinjiang in China with Balochistan’s Gwadar in Pakistan. This project is of international importance. How the project is going to impact India and other neighbouring countries would be great to observe. But before that, it is imperative to understand the importance of CPEC and what it exactly is. The project signed between China and Pakistan is aimed not only to revive ancient time silk route to maritime silk route but also hold strategic trade importance. This $46 billion trade deal will give China direct access to Indian Ocean, which will reduce its 12 days oil import to 36 hours. The project will also benefit Pakistan in emerging as one of the strongest South As

The nexus of CPEC and digital transformation By  Zulfiqar Qazilbash Published: August 22, 2017 A truck drives along the China-Pakistan Friendship Highway before the Karakorum mountain range near Tashkurgan in China's western Xinjiang province. PHOTO: AFP The CPEC loans to fast track much-needed improvements in power and transportation infrastructure have the potential to massively impact many areas of Pakistan’s economy. Assuming we can manage the security issues, it will create the enabling environment that along with the economic zones and regulatory reforms will attract Chinese and other large investments into the country. Many of them will avail our large and cheap labour force to serve both the international market as well as the large domestic market. This will increase Pakistan’s connectivity with the global economy. It will also create the need and absorb a skilled workforce which will increase per capita income. If all goes well, the increa

To fight terrorism by Pakistan, India should deepen ties with both US & Russia By  Dipanjan Roy Chaudhury , ET Bureau | Updated: Aug 22, 2017, 08.18 AM IST The panel echoed the government’s worries over China's role in building infrastructure in Pakistan-occupied Kashmir. NEW DELHI: The parliamentary standing committee on external affairs has recommended that  India  should “deepen and widen” its engagement with both the United States and  Russia  to fight terrorism abetted and exported by  Pakistan . “The international community need to realize that the use of terrorism as a state policy by a nuclear-armed Pakistan is not only India's problem, but also a grave global concern,” the committee said in its latest report. The committee, headed by Congress MP and former minister of state for external affairs, Shashi Tharoor , submitted its report on India-Pakistan relations to the Lok Sabha earlier this month. The

Scary glimpse into BRA By ECONOMICTIMES.COM | Aug 22, 2017, 02.57 PM IST What has happened in Sri Lanka is a dire warning for small countries against China's colonial advances wrapped in benign global treaties. Four years ago,  Sri Lanka  built Mattala Rajapaksa International Airport (MRIA) in Hambantota, 250 km south from Colombo, with Chinese assistance of $190 million, more than 90 per cent of the total cost. Today, MRIA is running into losses and Sri Lanka is unable to pay back dues to China’s EXIM Bank. Ironically, Sri Lanka has now decided to hand over the airport to  India  so that it can repay the Chinese loan. Expect this scenario to unfold in dozens of small countries in Asia and Africa if  China 's ambitious On Belt One Road (OBOR) project 

Duterte won’t fight China over Sandy Cay Dharel Placido , ABS-CBN News Posted at Aug 22 2017 01:48 AM | Updated as of Aug 22 2017 05:55 AM Save Facebook Twitter GPlus LinkedIn President Rodrigo Duterte talks to the Malacañang Press Corps at the Malago Clubhouse, Malacañang Park in Manila on Monday night.  Robinson Niñal , Jr, Presidential photo/handout MANILA – President Rodrigo Duterte on Monday said he would not confront China over the reported presence of Chinese ships in Sandy Cay, a geological feature near the Philippine-held Pag-asa Island (Thitu Island) in the West Philippine Sea. Supreme Court Senior Associate Justice Antonio Carpio earlier said that Sandy Cay, located some 2.5 miles off Pag-asa Island, was being “seized – to put it mildly – or being invaded – to put it frankly – by China.” Asked to react on the alarm raised by Carpio, Duterte said he was given assurances by Chinese Ambassador to the Philippines Zhao Jianhua and the

CHINA’S MILITARY BASE IN DJIBOUTI: STRATEGIC IMPLICATIONS FOR INDIA ABHIJIT SINGH AUGUST 21, 2017 For special access to experts and other members of the national security community, check out the new  War on the Rocks  membership . Facebook Twitter Google + LinkedIn Editor’s Note: This is the third installment of “Southern (Dis)Comfort,” a new series from War on the Rocks and the Stimson Center. The series seeks to unpack the dynamics of intensifying competition—military, economic, diplomatic—in Southern Asia, principally between China, India, Pakistan, and the United States. Catch up on  the rest of the series here .  The early morning hours of July 11, 2017, marked a watershed moment for the People’s Republic of China. In an official  ceremony  at the port of Zhanjiang, the commander of the People’s Liberation Army Navy (PLAN), Shen Jinlong, “read an order for the construction of China’s first replenishment base in Djibouti, and conferred mili

Singapore and China can share experiences and best practices in judicial cooperation: CJ Menon 1 of 2 Chief Justice Sundaresh Menon and China's Supreme People's Court president Zhou Qiang signed a Memorandum of Understanding on legal and judicial cooperation on Monday (Aug 21). PHOTO: THE SUPREME COURT OF THE REPUBLIC OF SINGAPORE PUBLISHED 2 HOURS AGO FACEBOOK1 TWITTER WHATSAPP EMAIL Chong Koh Ping China Correspondent   BEIJING - The courts of Singapore and China can learn from each other through the sharing of experiences and the best practices of both sides. The two judiciaries should also work together to tackle common challenges in an increasingly interconnected world, said Singapore Chief Justice Sundaresh Menon in an interview published in Legal Daily on Tuesday (Aug 22). Chief Justice Menon is leading a delegation of senior judges and legal officials on a two-day visit to Beijing. He co-chaired the inaugural Singapore-China

China Construction Bank raising $15 billion in funding for Belt and Road deals: sources Kane Wu  and  Julie Zhu A customer waits at a counter of a branch of China Construction Bank Corp (CCB) at its headquarters in Beijing, China, March 31, 2016.Kim Kyung-Hoon/File Photo HONG KONG (Reuters) - China Construction Bank Corp (CCB) ( 0939.HK ) is raising at least 100 billion yuan ($15 billion) for a fund to finance investments related to Beijing's Belt and Road initiative, people familiar with the matter told Reuters. The people said China's second-biggest bank by assets was raising cash onshore and offshore, and has already been running roadshows with prospective investors. They could not be identified as they are not authorized to speak to the media. CCB did not immediately respond to a Reuters request for comment. Chinese President Xi Jinping in May pledged a $124 billion funding boost to help his plan to build a modern Silk Road, connecting China with new and old trading partners. He also said C

Modern Silk Road presents investment jewel BY  JAMIE WILLIAMSON   |  TUESDAY, 22 AUG 2017   12:27PM Quantifeed launched a model portfolio for investors looking to capitalise on "the biggest macro-economic story of the century." A 21st century replication of the famed Silk Road, the China-led Belt and Road Initiative will involve the construction of ports, warehouses, and connections to overland transport in strategic locations, and the construction and upgrading of rail-networks. Comprising land and maritime trade routes connecting China with Central Asia, South East Asia, Australia and New Zealand, the Middle East, Africa and Europe, the overall infrastructure investment is expected to reach US$900 billion though only a fraction of this has been pledged so far. Quantifeed's Belt and Road model portfolio consists of Chinese companies that will directly benefit from the BRI, including large businesses in the areas o