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Showing posts from February 26, 2018

The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017

https://www.cfr.org/blog/belt-and-road-initiative-didnt-quite-live-its-hype-2017

China's balance of payments data doesn't show any material increase in the pace of offshore lending.Blog Post by Brad W. SetserFebruary 12, 2018I admire the public relations push that China has marshaled around the Belt and Road Initiative.It isn’t yet clear if the Belt and Road has any geographic coherence*—or is simply a phrase that China’s bureaucracy has latched onto because of its flexibility. I suspect that the historic Chinese connection to the Artic is rather thin for example.The Belt and Road isn’t (for now) a trading block. The Regional Comprehensive Economic Partnership (RCEP)—China’s big trade initiative—is smaller in scope.  It rather is a set of infrastructure projects that will be financed by Chinese money. Or global money mobilized thanks to a backstop provided by Chinese risk capital.Which means that the balance of payments data provides at least some insight into the Belt and Road…

China's Belt and Road initiative: Q&A with Ben Way, Macquarie

https://googleweblight.com/i?u=https://realassets.ipe.com/infrastructure/chinas-belt-and-road-initiative-qa-with-ben-way-macquarie/10021936.article&hl=en-IN&tg=460&tk=7094004174474386684


NOVEMBER/DECEMBER 2017 (MAGAZINE)EmailCommentAdd to my reading listBen Way is the chief executive of Macquarie Group Asia and co-head of Macquarie Infrastructure and Real Assets Ben WayWhat sort of opportunities does the Belt and Road Initiative present to investors today?“While at the current time the initiative isn’t presenting a lot of investable opportunities for us, we’re taking an active role in being part of the One Belt One Road dialogue. We believe in the initiative and think it makes absolute sense. However, the practical implementation of China’s vision has taken a little longer than anticipated. That’s to be expected when you’re trying to move not just a country but a region to a new phase, on a journey it has never been on before.”Where are we on that journey and, in your view,…

CPEC to further cement Pak-China friendship: Asif

https://nation.com.pk/27-Feb-2018/cpec-to-further-cement-pak-china-friendship-asif


| Says ties based on common agenda

February 27, 2018ISLAMABAD  - Foreign Minister Khawaja Asif yesterday said that China-Pakistan Economic Corridor will further cementthe Pak-China friendship.Addressing a gathering at the photo exhibition on the Chinese New Year at the foreign ministry here, Asif said the friendship between Pakistan and Chinawas based on a common agenda of socio-economic development. “The friendship spans over several decades. CPEC will further strengthen the ties,” he said. He added: “The Belt and Road Initiative is the most significant transformative initiative in recent human history. Through a focus on the connectivity of infrastructure including roads, rail links, sea routes, ports, connectivity of policy, trade and finance, we are observing a phenomenon.”Chinese President Xi Jinping had proposed the BRI in 2013. It provides the important network and platform of cooperation among co…

Pak to be economic giant following completion of CPEC projects

https://pakobserver.net/pak-economic-giant-following-completion-cpec-projects/


PeshawarEconomics and political experts here Monday said the world and asian trade will revolve around Pakistan after completion of CPEC projects and will make the country a prime choice for international investors.
The CPEC projects signed during PML-N Government tenure had not only enhanced the geo-economic and political importance of Pakistan but also made the country a prime choice for local and foreign investors due to establishment of state of the art roads and railways network, establishment of industrial zones and full operationalization of Gawadar Port, the experts said.
Senior economist, Professor Dr. Muhammad Naeem told APP that Pakistan would become an economic and business giant in Asia after completion of CPEC projects as the world’s trade would revolve around it with full operationalization of Gwadar Port.
Pakistan, China, Central Asian Republics, Middle East and Central Asian states, countrie…

CPEC: A DEBT-TRAP FOR PAKISTAN

http://www.dailypioneer.com/columnists/oped/cpec-a-debt-trap-for-pakistan.html

Tuesday, 27 February 2018 | Jai Kumar Verma | in Oped
It is in the interest of Pakistan to study the pros and cons of the CPEC. China has been conveniently using its neighbouring countries to expand its influenceCommunist China, which has hegemonic designs against neighbouring countries, is exploiting Pakistan’s abhorrence towards India. Pakistan, which was carved out from India on the basis of a failed two-nation theory, wants to take revenge from its eastern neighbour, as it alleges that it was dissected because of India.China, which views India as a potential rival, assists Pakistan militarily, financially and diplomatically. Pakistani authorities projected the China-Pakistan Economic Corridor (CPEC) as an extremely advantageous project which will end all its economic tribulations and the country will move rapidly towards the path of economic prosperity.Islamabad, which claims that “China is Pakistan’s irr…

Difficulties of young engineers in Balochistan

http://thebalochistanpoint.com/difficulties-of-young-engineers-in-balochistan/

By: Engr Saeed JattakEngineers are known as the key pillar of any developing nation not only in infrastructure but also in other fields. They have innovative solutions to increase the capability of country in various departments with their economical mind setup through technological growth with creative approach. The engineers are the only humans know the art of dealing with modern technological globe as every department has been modernized by latest gadgets for the use of minimizing work load and to bring the quick result reliable. Hence every spare of the digital universe has been digitalized by the engineers by providing new solutions to complex and full of efforts projects. The creativity of engineers has brought more comforts in present world by giving new approach to reduce the human errors, effortless and stress through technological machinery by doing some simple steps.All eyes of the world capturing…

Numbers Matter: China's Three 'Navies' Each Have the World's Most Ships

http://nationalinterest.org/feature/numbers-matter-chinas-three-navies-each-have-the-worlds-most-24653?page=show


Numerical superiority allows China’s second and third sea forces to flood the maritime gray zone in ways that its neighbors, as well as the United States, may find very hard to counter.Andrew S. EricksonFebruary 26, 2018TweetShareShareAs a friend’s five-year-old puts it, “China has three navies: the regular navy, the police navy and the sneaky navy.” Each of these three sea forces is the world’s largest of its type by number of ships—at least by some measures. China is truly a maritime power in its own right, and its sea forces’ numbers matter in important ways. In maritime “gray zone” operations, Beijing employs its enormous coast guard and maritime militia to further its disputed Yellow, East and South China Sea sovereignty claims using coercion short of warfare. This article, which is part one in a series, will focus on these quantitatively superior second and third sea f…

What old Silk Road’s terminus, Quanzhou, tells us about new one, Xi Jinping’s ‘Belt and Road Initiative’

http://m.scmp.com/lifestyle/travel-leisure/article/2134741/what-old-silk-roads-terminus-quanzhou-tells-us-about-newTRAVEL & LEISURE

The city of Quanzhou was the eastern terminus of the historical sea trade route between China, the Middle East and Europe. Looking around, it’s not hard to see that it was shaped by multicultural openness and religious toleranceStuart HeaverUPDATED : Tuesday, 27 Feb 2018, 7:46AM 1A kebab shop in Quanzhou’s busy Zhongshan Road may seem like an unusual place to seek insights into the origins of China’s modern-day strategy to play a greater role in global affairs.However, the coastal city in the southern Chinese province of Fujian was once described by Italian explorer Marco Polo as the largest port in the world. It is widely regarded as the eastern terminus of the ancient Maritime Silk Road and has applied to obtain Unesco World Heritage status in 2018.Life in a Chinese treaty port: Eurasian traces great-grandparents’ journey from London slum to Hong Kon…

Chinese expansion a challenge for EU

https://www.irishexaminer.com/breakingnews/business/chinese-expansion-a-challenge-for-eu-829846.html

Monday, February 26, 2018 - 08:30 AMChina’s ambitious One Belt, One Road plan aims to extend its influence across Asia, via massive infrastructure investment, particularly in developing countries, and on into Europe, where its New Development Bank will contest the primacy of western institutions, says Kyran FitzgeraldChinese President Xi Jinping who unveiled the ‘One Belt, One Road’ initiative in Kazakhstan back in 2013 which is a strategy aimed at increasing China’s global footprint.The great Brexit political soap opera should not blind us to fundamental changes across the globe, many of them emanating from Beijing.We ignore the changes at our peril. Arguably, the biggest change is the so-called ‘One Belt, One Road’ initiative, launched by Chinese president, Xi Jinping, in Kazakhstan, in 2013.We would be foolish to imagine this was a glorified PR exercise. The plan is nothing like the …