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Showing posts from April 15, 2018

Keeping Up with China's PLAN

http://nationalinterest.org/feature/keeping-chinas-plan-25383?page=show
Keeping Up with China's PLANNow that it possesses a large and modern navy, Beijing is determined to advance China’s security in East Asia, necessarily challenging U.S. alliances and security interests.Robert S. RossApril 15, 2018May-June 2018CHINA IS no longer simply a rising power. It is now a maritime power that competes for influence with United States from the Korean Peninsula, through mainland Southeast Asia and to the Strait of Malacca. China challenges U.S. alliances and the U.S. Navy’s dominance of East Asian waters.China’s navy has made significant gains in closing the gap in U.S.-China maritime capabilities. These gains have accelerated the power transition in East Asia, enabling China to advance its interests in East Asia and challenge U.S. security and defense strategy. These developments have undermined regional stability, raised the risk of U.S.-China hostilities and transformed the regional balan…

The new great game: China and the intense maritime contest in Indo-Pacific region

https://www.orfonline.org/research/the-new-great-game-china-and-the-intense-maritime-contest-in-indo-pacific-region/
The new great game: China and the intense maritime contest in Indo-Pacific regionABHIJNAN REJChina’s growing naval force projection has sparked anintense maritime contest in the Indo-Pacific, where traditional notions of spheres of influence are being challenged.Chinese naval ships sailing through Miyako StraitCHINA HEGEMONYINDO-PACIFICQUADOver the past five years or so, China has adopted an increasingly assertive foreign policy that stands to upend, if unchecked, the political and security order in maritime Asia. This has included blatant disregard for international law, construction of artificial islands and other features to reclaim contested waters, weaponising capital and trade, and adoption of a military posture that seeks to keep other powers out from parts of the western Pacific. Coupled to growing authoritarianism at home — President Xi Jinping is now effectivel…

Rewards outweigh risks for Chinese firms involved in Belt and Road projects, say legal experts

http://m.scmp.com/business/global-economy/article/2141791/rewards-outweigh-risks-chinese-firms-involved-belt-and-road

Rewards outweigh risks for Chinese firms involved in Belt and Road projects, say legal expertsState-owned enterprises such as China Communications Construction Company, involved in the US$11b East Coast Rail Link project in Malaysia, expects overseas projects to account for 50 per cent of its business eventuallyLaurie ChenUPDATED : Monday, 16 Apr 2018, 7:42AM
Chinese companies investing heavily in overseas Belt and Road Initiative projects are willing to risk legal disputes arising from cultural misunderstanding and project delays as the rewards outweigh risks, say legal experts.“Generally from a compliance perspective there’s going to be lots of risk – more so than having projects in China, in many ways,” said Ernest Yang, a partner at law firm DLA Piper, who specialises in international trade.Examples of Belt and Road-related disputes given by Yang include late or non-…

Pakistan’s CPEC port in Gwadar has more challenges than advantages: Report

https://www.hellenicshippingnews.com/pakistans-cpec-port-in-gwadar-has-more-challenges-than-advantages-report/
Pakistan’s CPEC port in Gwadar has more challenges than advantages: Reportin Port News 16/04/2018The success of Gwadar Port could be more a strategic project for China than a commercially viable one, a report by a respected US think tank has said. Given its geographical location, Gwadar may help China cut down the total distance that oil has to travel from the Gulf states to the Chinese heartland, but it would be more expensive than existing shipping methods and comes with the risks of travelling through Pakistan.The report also identified other major challenges for Gwadar to even glimpse success – availability of basic resources like water, connectivity the larger rail and road network and the profile and quality of services offered at the port.The report from the Washington-based Center for Strategic and International Studies (CSIS) is titled ‘China’s Maritime Silk Road Init…

Judiciary attaches special importance to CPEC: Justice Irfan

https://pakobserver.net/judiciary-attaches-special-importance-to-cpec-justice-irfan/Judiciary attaches special importance to CPEC: Justice IrfanApril 16, 2018Special CorrespondentKarachiSenior Judge of Sindh High Court, Justice Irfan Saadat Khan has said that Judiciary attaches paramount importance to China-Pakistan Economic Corridor (CPEC) project and special benches have been set up at the level of the Supreme Court and all the High Courts to hear CPEC-related disputes. He said In Sindh High Court bench comprising Justice Muneeb Akhtar and Justice Muhammad Ali Mazhar.He was speaking as the Chief Guest at a seminar on “The China-Pakistan Economic Corridor Related Laws, Importance and Enforcement”, which was organised by the Shaheed Zulfiqar Ali Bhutto University of Law (SZABUL) here at a local hotel. The seminar was presided over by the federal secretary planning and Development Shoaib Ahmed Siddiqui while Secretary Federal Education & Professional Training Akbar Durrani was the …

China Is Moving into the Indian Ocean

http://nationalinterest.org/feature/china-moving-the-indian-ocean-25380?page=show

China Is Moving into the Indian OceanChina is pushing westward in the Indian Ocean while New Delhi is pushing eastward through its Act East and Indo-Pacific strategies.Vivek MishraApril 14, 2018In the past few years, the Maldives has quintessentially exemplified the shortcomings of India’s ‘neighbourhood first’ policy. But there is a larger geopolitical premonition that could be anticipated from the recent crisis in the Indian Ocean islands of the Maldives, one that points to the immediacy with which China and India are approaching towards a conflict in the Indian Ocean Region (IOR). At the heart of this potential conflict lies slipping away of one of India’s important influence centers to the advantage of China. Since the current Yameen government took office, the Maldives has done a volte-face from an ‘India First’ policy, to openly ignoring India’s concerns and to embracing China.The recent constitutio…

The numbers behind China's overseas development loan risks

https://asia.nikkei.com/Spotlight/Datawatch/The-numbers-behind-China-s-overseas-development-loan-risks

The numbers behind China's overseas development loan risksFigures show Belt and Road strategy favors countries with low credit ratingsBEN HEUBL, Data JournalistApril 15, 2018 14:00 JSTLONDON -- Having gone from being mainly a recipient country to one of the world's largest donors of foreign aid, China has built up a complex network of relationships with its development partners around the world.But, according to analysis of one of the most comprehensive studies on Chinese development aid to date, not all partners appear to receive equal treatment.AidData, a research lab at College of William & Mary in the U.S., tracked over 4,000 records of Beijing's official finance projects between 2000 and 2014.Nikkei Asian Review evaluated interest rates attached to the aid packages different countries received based on AidData's figures, and contrasted them with numerical cred…

China's BRI initiative hits roadblock in 7 countries: Report

http://www.zeebiz.com/world/news-chinas-bri-initiative-hits-roadblock-in-7-countries-report-42822

China's BRI initiative hits roadblock in 7 countries: ReportThe Gwadar Port in Pakistan`s Balochistan province is the venue of the USD 63 billion China-Pakistan Economic Corridor (CPEC). China is developing Pakistan`s power plants, airports, highways and other infrastructure under the project. Also, Beijing aims to link its landlocked western region to Gwadar.Despite this, some analysts have expressed concerns such as rising trade deficit of Pakistan with China. There are also doubts on how Islamabad will repay off its debt to Beijing if the former is unable to do so
China-Pakistan Economic Corridor: Construction on a USD 6 billion railway line is running behind schedule, coupled with rising costs. Image source: ReutersBy ANIUpdated: Sun, Apr 15, 2018
06:36 pmANIChina`s Belt and Road Initiative (BRI), which aims to build a trade and infrastructure network connecting Asia with Europe and…