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Showing posts from August 8, 2018

Does Drilling For Oil In Balochistan Bother Iran?

Syed Fazl-E-Haider  December 4, 2017 Strategically located Balochistan is surrounded by the countries like Afghanistan, Iran, and Arabian Gulf states, which are rich in oil and gas reserves. While on one hand it is located in midst of oil and gas reserves and on the other the most important international sea routes pass by the Balochistan coast. By virtue of its geographical location, it is considered a strategic part of trans-national pipeline corridors, which are currently in the planning stage. The province has the country’s extensive oil and gas reserves. According to an estimate, out of the Pakistan’s estimated 25.1 trillion cubic feet (Tcf) of proven gas reserves, 19 trillion are located in Balochistan. According to another estimate, out of the country’s proven oil reserves of 300 million barrels, largely are located in the province. Other sources place its oil reserves at an estimated six trillion barrels of oil reserves both on-shore and off-shore. ▶ If Balochistan has prove

China and India need to talk, navy to navy, to prevent Indian Ocean hostilities

OPINION Zhou Bo says formal confidence-building measures to reduce fear of attack between the navies of China and India are something both sides should consider, as Beijing’s large investment in its navy may lead to more encounters in the Indian Ocean in… Zhou Bo UPDATED : Thursday, 9 Aug 2018, 11:50AM  2 Should  China  and  India  talk about confidence-building in the Indian Ocean? On the face of it, this shouldn’t be an issue. The Indian Ocean is not India’s ocean. And unlike the Line of Actual Control in the border areas between China and India in the state of Jammu and Kashmir, which has yet to be verified, the two countries have no maritime disputes in the Indian Ocean. But the waters in the Indian Ocean are getting warmer, in part because China’s full-fledged  maritime Silk Road initiative  has attracted India’s small neighbours (to whom India usually takes a “big brother” attitude) and in part because China has taken a strong foothold in the Indian Ocean with a  military s

China faces roadblocks entirely of its own making

BY DAVID VON DREHLE The Washington Post August 08, 2018 08:33 PM In this age of uncertainty, few things are as sure as the inevitable rise of China. We hear about it everywhere we turn. How orderly and efficient China’s government is compared with the Washington clown show. How its airports gleam and its bullet trains whoosh. How its hundreds of millions of rising consumers promise a future of perpetual growth. But what if we were to size up China’s future with the same critical eye we train on America and the West? We’d see a nation rich in cultural heritage and newly robust in its ambitions — but with some daunting challenges ahead. Start with China’s ambitious Belt and Road Initiative, a long-range plan to create an infrastructure for transportation and trade throughout Asia and Europe. It’s a bold attempt to undo the damage of China’s great Ming Dynasty mistake. Seven hundred years ago, an Italian trader named Marco Polo dazzled Europe with what he claimed were true stories o

Pompeo’s Indo-Pacific Plan Is Compatible with Belt and Road

Aug. 7, 2018 (EIRNS)—China’s Global Times today published an article positively responding to the policy announced by Secretary of State Mike Pompeo at the Indo-Pacific Business Forum on July 30. Pompeo announced a new U.S. push for investments in Asian infrastructure, which, although the program has been analyzed as a counter to the Belt and Road Initiative, was welcomed by Prof. Long Xingchun, a senior fellow at the Charhar Institute and director of the Center for Indian Studies at China West Normal University. Professor Long writes: “While the geopolitical connotation of the strategy may lead to regional tensions and conflicts and thus put countries in the region on alert, the geoeconomic concept will promote regional economic development and should be welcomed.” He further states that “geoeconomic cooperation is better than geopolitical struggle. As U.S. and Chinese investments can both facilitate Indo-Pacific development, the two can synergize to create a complementary eff

CPEC ushers Pakistan into new industrialization phase: China Daily

BEIJING : Pakistan, under China-Pakistan Economic Corridor (CPEC), has entered the industrialization phase and with renewed conviction, the country can rely on the successful experience of China in the establishment of special economic zones Even though in the past, Pakistan wanted to establish such zones and tried to set up special economic zones but the attempts were not particularly successful back then, according to an article published by China Daily on Wednesday. Nonetheless, Pakistan already has some successful industrial clusters and estates in Sialkot: surgical goods cluster; Gujarat: ceramic/pottery industrial cluster; Faisalabad: readymade garments manufacturing cluster; Khyber Pakhtunkhwa (KP): marble cluster; Hattar Industrial Estate (KP): food and beverage and industrial cluster. However, this time with renewed conviction, Pakistan can rely on the successful experience of China in the establishment of special economic zones under the ambit of CPEC. China’s own speci

Pakistan's Khan faces tough choice: Help from IMF or China

Whoever provides financial support, spending cuts and tax hikes lie in wait YUJI KURONUMA, Nikkei staff writerAugust 08, 2018 22:36 JST Pakistan’s new Prime Minister Imran Khan will have to choose whether to turn to the International Monetary Fund or to China for financial support.(Getty Image) NEW DELHI -- Soon after next week's inauguration, a tough decision awaits Pakistan's new Prime Minister Imran Khan, as he will have to choose whether to turn to the International Monetary Fund or to China for financial support to rescue the country from its balance of payments crisis. But the decision will be difficult for the former cricket star, as assistance from either camp will likely mean the prime minister will have to break his election campaign promises. "We need to take this decision in a matter of weeks, not months," Asad Umar, who is expected to take the post of finance minister in the Khan administration, told foreign media and diplomats last week. Umar ment

Imran Khan's priority will be to get the economy back on track.

Pakistan's Hope Anilesh S. Mahajan | New Delhi, Edition:August 26, 2018 Pakistan's economy is in doldrums" bureaucrats making a beeline for Prime Minister designate Imran Khan's palatial Islamabad home are initiating conversations with this sentence. ADVERTISING They can hardly be blamed. How else would they describe the economy of a nation that is at the International Monetary Fund's doorstep for a bailout to avert an ongoing currency crisis? This is the 14th time in the last 40 years that our neighbour has asked the IMF to rescue it and in the last 60 years it has been to the IMF 21 times. This time round, however, it isn't going to be as easy and Khan knows that only too well. Khan's party, Pakistan Tehreek-e-Insaf, emerged as the single largest party in the recently concluded general elections there, and these days is piecing together support from smaller parties and independents to stitch his majority. His party won 115 seats in the lower house

Taking forward industrial cooperation

By Samaira Nazir Siddiqui The Secretary, Board of Investment believes that by leveraging the CPEC opportunity, Pakistan will be able to achieve massive growth. Consequently, the board of investment has developed a plan to improve the investment climate with the focus on nine special economic zones. AFTER being the frontline state in War on Terror for the last 15 years, Pakistan has faced many a challenge in the form of political instability, rising security concerns and stagnant economy. Luckily, things are changing now due to the geostrategic advantage of the country’s global positioning and implementation of various projects under the umbrella of CPEC. Pakistan is situated at the crossroads of South Asia with an easier access route to the Central Asian Republics (CARs) and China through the western border. Increased Chinese investment in Pakistan has been a confidence booster for the European and other Western countries wishing to invest in Pakistan who were previously uncertain

CPEC won’t create debt burden’

AGENCE FRANCE PRESSE ISLAMABAD, AUGUST 09, 2018 00:00 IST UPDATED: AUGUST 09, 2018 03:40 IST Pakistan on Wednesday defended its economic partnership with China, amid fears that the terms of opaque multi-billion dollar investments by Beijing could be exacerbating Islamabad’s economic woes as it considers a fresh IMF bailout. “We have noted recent media reports questioning the viability of China-Pakistan Economic Corridor (CPEC), claiming that it would create an unbearable debt burden for Pakistan,” the government said in a statement. “Such media reports are often one-sided, distort facts, and are based on irresponsible statements by individuals who either have no understanding of CPEC or are driven by ulterior motives,” the statement continued. Opaque funding terms The opaqueness of the CPEC terms has led to concerns as Pakistan faces a looming balance-of-payments crisis, with analysts saying it will need to take urgent action, potentially seeking a bailout from the Internationa

Current Balochistan: Conflict updates from the ground

08/8/2018 JAFFAR'ABAD:- Unknown armed man opened fire on a Police  Check'post due to which a policeman got Killed. 8/Aug/2018 Kech Last night in Absor bazaar of district Turbat an unknown dead body was discovered, For identification it was shifted to civil Hospital. 8/8/2018 NUSHKI:- General secretary of Balochistan National party Dr Jahanzaib Jamaludins Brother in law Qudratullah Jamaludini got released after 6 months of extreme torture today from military camp of Nushki.

China’s Next Step in the Belt and Road Initiative: Establishment of the International Commercial Courts

Winston & Strawn LLP China  August 6 2018 On 1 July 2018, the Supreme People’s Court of The People’s Republic of China (the SPC) enacted the Provisions of the SPC on several issues regarding the Establishment of the International Commercial Courts (Fa Shi [2018] 11) ( the Provisions ). The Provisions set forth detailed rules governing the two International Commercial Courts ( the IC Courts ) to be established in Shenzhen and Xi’an. According to the Provisions, the IC Courts are established to serve and safeguard,  inter alia , the construction of the Belt and Road Initiative. As outlined below, the Provisions contain innovative ideas that may bring international experience to the operation and adjudication practice of the IC Courts. However, it remains to be seen how widely the parties to the Belt and Road Initiative will use the IC Courts. The full text of the Provisions in Chinese is available  here . Level and Jurisdiction According to Article 1 of the Provisions, the I

From silk threads to fiber optics: The rise of China’s digital silk road

KESHAV KELKAR Shanghai Highway Source:  Whiz-ka/CC BY 2.0 The Silk Road calls to mind an image of the distant past, where traders traversed the vast expanse of Eurasia in pursuit of silk, spices and various other commodities. Today, China is attempting to revive these once forgotten routes as part of Xi Jinping’s signature Belt and Road Initiative (一带一路倡议: BRI). However, while much ink has been spilled on the subject of China’s growing network of port, pipeline, rail, and road infrastructure projects, there is one overlooked component of the BRI that deserves greater attention: the Digital Silk Road (数字丝绸之路). This article examines the origins of this lesser known road, its gradual inclusion into the mainstream Belt and Road discourse, and the underlying forces pushing Beijing to promote greater digital connectivity. The broad policy outline for today’s Digital Silk Road can be traced to a joint white paper released in 2015 by China’s National Development and Reform Commission, M

The Hole at the Heart of China’s Silk Road

A seething and repressed Xinjiang can’t become a hub for trade. By  Mihir Sharma August 8, 2018, 3:30 AM GMT+5:30 The western province has become a police state.  Photographer: Kevin Frayer/Getty Images Mihir Sharma is a Bloomberg Opinion columnist. He was a columnist for the Indian Express and the Business Standard, and he is the author of “Restart: The Last Chance for the Indian Economy.” Read more opinion Follow @mihirssharma on Twitter Nobody pretends the People’s Republic of China is an entirely benign power, least of all its leaders in Beijing. Yet, even by the standards of what continues to be a remarkably repressive state, the stories that are emerging from behind the Great Firewall about the crackdown on Xinjiang’s Uighur Muslim population are deeply disturbing and deserve more of the world’s attention. The one country on earth which should best  understand  the danger and futility of such efforts has reportedly  set up “reeducation centres” across the length and br

Dan Simpson: China has a game plan; we don’t 

As the U.S. dabbles in wars abroad and distractions at home, China invests in the world and grows more powerful   DAN SIMPSON Pittsburgh Post-Gazette Columnist A fundamental problem for the United States is that, while President Donald J. Trump engages in antics such as threatening to shut down the government if he doesn’t get money for his border wall and floating the idea for a further $100 billion tax cut for the rich, China is well on its way toward eating our lunch on the global economic and strategic level. The problem is that China has a game plan and we don’t. Chinese President Xi Jinping, tiring of trying to do business with the erratic American president, just keeps pushing along his Belt and Road Initiative (BRI), comprised of investment in infrastructure between China and Europe by way of the Middle East and Africa. It’s been described as the Pacific Silk Road, the Silk Road on Ice (through the Arctic) and the Digital Silk Road (think: cyb

TRIVIUM CHINA: The Tip Sheet on China

HEARD IN BEIJING "Listen to the Party's command." - Party secretaries of various provincial tax authorities . Context:  That's a phrase we used to only hear from China's armed forces. But now the Party wants more control over the tax system. More in the Tip Sheet below. Listen to Trivium's command and forward the Tip Sheet to friends and colleagues who can  click here to subscribe. And let us know what you think by replying to this email! THE TIP SHEET FINANCE & ECONOMICS 1. PBoC addresses herd behavior The central bank (PBoC)  is gradually upping its intervention game in currency markets. On Friday, the PBoC announced that it would raise reserve requirements for forward FX purchases  (see Monday’s Tip Sheet). Yesterday, we flagged  that the PBoC was likely to re-introduce its countercyclical element to the morning fixing rate. But we didn’t think it would happen this fast  (Bloomberg): "The People’s Bank of China made another move to sta