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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

http://m.gulfnews.com/news/asia/pakistan/gwadar-port-to-be-fully-operational-in-three-to-four-years-pakistan-envoy-to-china-1.2078434



A power plant is being set up there to provide electricity to the cityAPP17:41 August 22, 2017Deep sea port of Gwadar Pakistan.Image Credit:SuppliedBeijing/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 China.org.cn.“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 soon as possible, and…

Is CPEC a Trade Deal or a Military Alliance against India?

https://www.newdelhitimes.com/is-cpec-a-trade-deal-or-a-military-alliance-against-india/


Posted by New Delhi Times BureauChina 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 Asian pl…

The nexus of CPEC and digital transformation

https://tribune.com.pk/story/1487505/nexus-cpec-digital-transformation/

By ZulfiqarQazilbashPublished: 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: AFPThe 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 increase in domes…

To fight terrorism by Pakistan, India should deepen ties with both US & Russia

http://m.economictimes.com/news/defence/to-fight-terrorism-by-pakistan-india-should-deepen-ties-with-both-us-russia/articleshow/60167897.cms



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 panel echoed the gover…

Scary glimpse into BRA

http://m.economictimes.com/news/defence/a-scary-glimpse-into-how-chinas-obor-can-ruin-small-countries/articleshow/60173526.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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

http://news.abs-cbn.com/news/08/21/17/duterte-wont-fight-china-over-sandy-cay


DharelPlacido, ABS-CBN NewsPosted at Aug 22 2017 01:48 AM | Updated as of Aug 22 2017 05:55 AMSaveFacebookTwitterGPlusLinkedInPresident Rodrigo Duterte talks to the Malacañang Press Corps at the Malago Clubhouse, Malacañang Park in Manila on Monday night. Robinson Niñal, Jr, Presidential photo/handoutMANILA – 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 Chinese Foreign Minist…

CHINA’S MILITARY BASE IN DJIBOUTI: STRATEGIC IMPLICATIONS FOR INDIA

https://warontherocks.com/2017/08/chinas-military-base-in-djibouti-strategic-implications-for-india/


ABHIJITSINGHAUGUST 21, 2017For special access to experts and other members of the national security community, check out the new War on the Rocks membership.FacebookTwitterGoogle+LinkedInEditor’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 hereThe 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 military flag on the fleets.”…

Singapore and China can share experiences and best practices in judicial cooperation: CJ Menon

http://www.straitstimes.com/asia/east-asia/singapore-and-china-can-share-experiences-and-best-practices-in-judicial-cooperation

1 of 2Chief 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 SINGAPOREPUBLISHED2 HOURS AGOFACEBOOK1TWITTERWHATSAPPEMAILChong Koh PingChina CorrespondentBEIJING - 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 Legal and Judicial Roundtabl…

China Construction Bank raising $15 billion in funding for Belt and Road deals: sources

https://www.reuters.com/article/us-ccb-fundraising-idUSKCN1B20ER

Kane Wu and Julie ZhuA 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 PhotoHONG 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 China would enco…

Modern Silk Road presents investment jewel

http://www.financialstandard.com.au/news/modern-silk-road-presents-investment-jewel-102627630

BY JAMIEWILLIAMSON  |  TUESDAY, 22 AUG 2017   12:27PMQuantifeed 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 of infrastructu…