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Showing posts from April 26, 2018

First Belt and Road graduate school to open in September

2018-04-27 08:47 China Daily Editor: Li YanThe first graduate school in China named after the Belt and Road Initiative will welcome its first international students in September, its founder said on Thursday.Founded by Beijing-based Renmin University of China, the school aims to cultivate high-end international talent and future leaders from countries and regions involved in the Belt and Road Initiative who are passionate about Chinese culture and have a deep understanding of China's development path, models and experiences, the director of the university's development planning branch, Zhu Xinkai, said.The Belt and Road School, at the university's Suzhou campus in Jiangsu province, plans to enroll 50 to 100 students from Belt and Road countries and regions in September, Zhu said, adding enrollment numbers will gradually increase.The two-year program will offer master of laws degrees to international students, who will be exempt from tuition, accommodation and medical insur…

ECNEC approves Gwadar drinking water, Mohmand Dam Hydropower projects

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) Thursday approved three major projects, including supply of drinking water to Gwadar, a hydropower project at Mohmand Agency and Metro Bus service for the new Islamabad International Airport.The meeting, chaired by Prime Minister Shahid Khaqan Abbasi here, accorded approval to these projects.The ECNEC gave approval for the Rs 309.558 billion multi-purpose Mohmand Dam Hydropower Project.Besides producing 800 mv electricity, it would also have a storage capacity of 1,594 million cubic meters of water that could be used for irrigation, flood mitigation and supply of drinking water to Peshawar and FATA.The ECNEC gave approval for the construction cost of infrastructure and allied works for Metro Bus Services from Peshawar Morr interchange to the New Islamabad International Airport. The Central Development Working Party had recommended the review of the project by the ECNEC.The 25.6 km long project, which was still…

Balochistan to get better 3G and broadband services, MoIT

By Aqsa Khunshan on April 26, 2018Ministry of Information Technology and Telecommunication (MoIT) is fully committed to providing ultra-high frequency internet services to Balochistan to bring the tech evolution and prosperity in the province.Ministry of IT has started various projects of worth Rs 26 billion to provide 3G service to the people of Balochistan. This broadband service will make the communication easy with more reliability and security. This is one of the biggest investment in the history of the Balochistan that aims to connect different villages via 3G broadband service.Ministry official told, an un-served population of about 196,177 people, covering 269 un-served villages and an un-served area of 39,434 sq km will get modern broadband facilities through this project. The project would cover Awaran, Jhal Jao and Mashkai tehsils/sub-tehsils of Awaran district and Bela, Lakhra, Liari, Uthal, Dureji, Hub, Sonmiani and Kanraj of Lasbel district, he added. After the successfu…

EU-China FDI: Working towards reciprocity in investment relations

17/04/2018
EU-China FDI: Working towards reciprocity in investment relationsA report by Rhodium Group (RHG) and the Mercator Institute for China Studies (MERICS)By  and Key findings and recommendationsEurope continues to be a favorite destination for Chinese investors. China’s global outbound investment declined in 2017 for the first time as Beijing enacted capital controls. Chinese FDI in the EU followed the global trend and dropped to EUR 35 billion, a 17% decline compared to 2016. However, the pace of Chinese deal making in Europe is more resilient than in other advanced economies, and state-related investors are staging a comeback. European FDI in China remains lackluster because of slowing growth and persistent market access hurdles. The level of European FDI in China has hovered around EUR 10 billion per year in the past five years before 2015 and has further declined in 2016 and 2017 to EUR 8 billion per year. Despite promises to level the playing field, European companies conti…

IHC disqualifies Foreign Minister Khawaja Asif for holding foreign work permit

The Islamabad High Court (IHC) ruled on Thursday that Foreign Minister Khawaja Asif stands disqualified from Parliament for holding an Iqama(work permit) of the United Arab Emirates. 
By Azam Khan
Thursday Apr 26, 2018ISLAMABAD: The Islamabad High Court (IHC) ruled on Thursday that Foreign Minister Khawaja Asif stands disqualified from Parliament for holding an Iqama(work permit) of the United Arab Emirates. The court announced its verdict on a petition stating that Asif did not mention his foreign employment in his nomination papers. A three-member bench headed by Justice Athar Minallah announced the verdict and ruled that Asif is not 'honest' and 'truthful' as per the Constitution.The three bench members unanimously ruled that Asif was not qualified to contest the 2013 general election from NA-110 as he did not fulfil the conditions described under Article 62(1)(f) of the Constitution, read with Section 99(1)(f) of the Representation of People Act 1976. The Supreme Co…

India must reject Trump’s Iran policy with the contempt it deserves

Exaggerated media accounts have sought to portray commercial glitches in India’s Chabahar port project, such as attracting a private partner for the operation of marine facilities there and an excise-duties dispute, as emblematic of its eroding influence in southern Asia. Some have seized on the Iranian foreign minister’s statement in Islamabad that Chinese and Pakistani investment in Chabahar was welcome as evidence of India’s declining strategic reach. India’s biggest Chabahar-related challenge comes from US President Donald Trump’s policy to squeeze IranHindustan Times
Updated: Apr 26, 2018 15:48 IST
By Brahma ChellaneyExaggerated media accounts have sought to portray commercial glitches in India’s Chabahar port project, such as attracting a private partner for the operation of marine facilities there and an excise-duties dispute, as emblematic of its eroding influence in southern Asia. Some have seized on the Iranian foreign minister’s statement in Islamabad that Chinese and Pakis…

Chinese project financing will dip to $906m in FY2018-19

Project financing from China is expected to dip by more than half to only $906 million during the next fiscal year due to completion of work on some major China-Pakistan Economic Corridor projects and a snail’s pace progress on other schemes.By Shahbaz RanaPublished: April 26, 2018
Some major projects of CPEC are almost near completion while there are problems in other schemes. PHOTO: REUTERSISLAMABAD: Project financing from China is expected to dip by more than half to only $906 million during the next fiscal year due to completion of work on some major China-Pakistan Economic Corridor projects and a snail’s pace progress on other schemes.“As against revised estimates of slightly over $2 billion Chinese project loans for CPEC and non-CPEC projects in the outgoing fiscal year, the government has estimated receiving only $906 million in the next fiscal year,” said sources in the finance ministry.The estimates for FY2018-19 are $1.12 billion or 55.4% less than the receipts in the outgoin…

China flexes muscles with 'Guam killer' missile; new drills near Taiwan

Philip WenBen BlanchardBEIJING (Reuters) - China confirmed on Thursday that it had put into a service a new missile that Chinese media has dubbed the “Guam killer” for its ability to hit the U.S. Pacific Ocean base with a conventional or nuclear weapon.China is in the midst of an ambitious modernization program for its armed forces, developing stealth fighters, aircraft carriers and advanced missiles as it strives to become a world class military by the middle of the century.That, along with an increasingly assertive stance in the disputed South China Sea and around Taiwan, claimed by China as its sacred territory, has rattled nerves around the region and in Washington.Speaking at a regular monthly news conference, Defense Ministry spokesman Wu Qian said that the military had begun putting into service the DF-26 intermediate range ballistic missile - called the “Guam killer” by media and defense experts.Wu gave few details, aside from that it can carry conventional as well as nuclea…

Australia should host US nuclear subs: CSIS

The report from Washington's Center for Strategic and International Studies (CSIS), written by former director of Asian Affairs for the National Security Council under George W. Bush, Michael Green, and Andrew Shearer, a former national security adviser to Tony Abbott, said the establishment of nuclear support infrastructure in Australia would be one of the best ways to "push back" against increased efforts from China to project its military power in the region.
Los Angeles-class attack submarine, USS Oklahoma City (SSN 723), sails into Fleet Base West as part of its Western Pacific deployment in 2017. Image via Commonwealth of Australia, Department of Defence.MARITIME AND UNDERSEA WARFARE | 26 APRIL 2018 | AMELIA MCMAHONA report from a United States think tank has said that basing US nuclear attack submarines in Australia would boost the strengths of the US and its allies in the South Pacific.The report from Washington's Center for Strategic and International Studies…

When Modi And Xi Meet In Wuhan, Investment Is Likely To Drive The Agenda

Hot on the heels of a European tour, India's wildly popular Prime Minister Narendra Modi will travel to China this weekend for an informal summit with China's newly reconfirmed paramount leader President Xi Jinping. With both leaders at the height of their powers, expectations are running high. The two-day get-together in Wuhan is being billed as "unprecedented" and "the most important since 1988" by both the Chineseand the Indian press, even though the agenda (if there is one) is shrouded in secrecy.
Salvatore Babones , .Narendra Modi, India's prime minister, leaves number 10 Downing Street following his meeting with UK Prime Minister Theresa May in London on April 18, 2018.  (Simon Dawson/Bloomberg)Hot on the heels of a European tour, India's wildly popular Prime Minister Narendra Modi will travel to China this weekend for an informal summit with China's newly reconfirmed paramount leader President Xi Jinping. With both leaders at the height of…

China’s OBOR obsession: Will India join Belt and Road initiative? Issue may be on agenda during Modi-Xi meet

Narendra Modi-Xi Jinping summit: Ahead of Prime Minister Narendra Modi's ice-breaking visit to China for an informal meeting with Chinese President Xi Jinping, Beijing is keen on taking India on board its ambitious Belt and Road initiativeBy: FE Online | Updated: April 26, 2018 2:44 PM
Narendra Modi, Xi Jinping to meet on Firday, Saturday. (PTI file)Narendra Modi-Xi Jinping summit:Ahead of Prime Minister Narendra Modi’s ice-breaking visit to China for an informal meeting with Chinese President Xi Jinping, Beijing is keen on taking India on board its ambitious Belt and Road initiative (also referred to as One Belt, One Road – OBOR). China has, however, failed to get India’s support for the initiative. In the recently concluded bilateral foreign ministers’ meeting ahead of Modi-Xi Summit, Beijing failed to win India’s support for the landmark Chinese project.India’s main objection to OBOR is that one of the key Belt and Road projects, the $57 billion China-Pakistan Economic Corridor,…