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Showing posts from September 10, 2018

China’s belt and road projects ‘narrow economic inequalities within countries’

Chinese development finance corresponds to rises in subnational GDP, suggests report by US researchers Kinling Lo UPDATED : Tuesday, 11 Sep 2018, 2:44PM Chinese infrastructure projects do help narrow economic inequalities within host countries even if they risk tempting them into possible debt traps, according to US researchers. Beijing’s trillion-dollar “Belt and Road Initiative”, which aims to expand China’s trade routes around the globe, has attracted accusations of “white elephant” projects that are politically motivated and economically unsustainable. In Sri Lanka, the indebted government has handed over its southern port of Hambantota to China on a 99-year lease, while the newly elected Malaysian government has dumped a Chinese high-speed rail plan that connects it to Singapore after saying it could not afford the cost. Sri Lanka hands over running of Hambantota port to Chinese company However, amid international scrutiny of how cost-effective the Chinese projects are, Aid

Kerry Logistics adds subsidiary in Pakistan under Belt-Road initiative

Nina ChamlouSeptember 10, 2018  Logisitics ,  News ,  Subscriber Only Content ,  Trade Today, Hong Kong-based 3PL Kerry Logistics said it will expand its forwarding network to include Pakistan with a new subsidiary company, in a move that will address demand for South Asian trade stimulated by the China-Pakistan economic corridor (CPEC). Kerry will offer block train and trucking services along the route, through Lanzhou Pacific Logistics, of […]

Dr. Allah Nazar welcomes US decision to canel Pakistan aid

(Sangar News) Baloch leader Dr Allah Nizar Baloch has welcomed the US military’s decision to cancel 300 million dollars’ aid to Pakistan for the latter’s failure in fighting terrorism. “Pakistan never fought terrorism and never will. In fact Pakistan wants to fight the US with these terrorists,” said the Baloch leader in a statement. He paid rich tribute to the martyrs of Jahoo, Moheem Baloch, Rashid Baloch, Aurangzeb Baloch and Gul Sher Baloch. Dr Allah Nizar Baloch said Baloch youths were resisting the imperial powers and exploitations of natural resources, and they are giving invaluable sacrifices and playing a vital role in the national struggle for freedom, which is only possible through commitment and conscious attachment with the movement.  “And this is the reason, after passing of two decades, Pakistan, despite of reaching the pinnacle of atrocities, has and would be failed to suppress the Baloch national movement,” he said, adding: “Freedom is the national right and dest

Pakistan rejects report on BRI renegotiation, says committed to CPEC

The CPEC, launched in 2015, is a planned network of roads, railways and energy projects linking China's resource-rich Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea. By:  PTI  | Islamabad | Published: September 11, 2018 1:17 AM The two sides had in-depth exchange of views on all issues of mutual interest. (Express) Pakistan on Monday rejected a media report that Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) and said the country remains committed to the successful implementation of the CPEC. The Financial Times report quoted Advisor on Commerce Abdul Razzak Dawood as saying that the multi-billion China-Pakistan Economic Corridor had put local companies at a disadvantage and that parts of the flagship project can be renegotiated or even frozen for a year. The CPEC, launched in 2015, is a planned network of roads, railways and e

China Newsletter: Axios by Bill Bishop, Bill Bishop Here are some of the top issues today: There has still been no announcement yet on the promised tariffs on another $200 billion of Chinese goods, but President Trump did threaten on Friday to put tariffs on all imports from China; Li Zhanshu went to Pyongyang for a fraternal socialist lovefest on the occasion of the 70th anniversary of the founding of the DPRK; The Xinjiang crackdown was literally front and center of the Sunday New York Times. This issue is only going to grow in importance in the US-China relationship, and the possibility of senior PRC officials making the sanctions list under the Magnitsky Act is very real; On the eve of an economic meeting and war games in Russia the PRC Ambassador to Russia says that PRC-Russian relations are the best they have ever been; Jack Ma has announced he will step down as executive chairman of Alibaba one year from today. Alibaba stock sold off but from a political risk perspective his departure from any officia

Xinjiang mass detentions, Bill Bishops   Chris Buckley's article was front and center on page one of the Sunday New York Times.  China Is Detaining Muslims in Vast Numbers. The Goal: ‘Transformation.’ - The New York Times : This camp outside Hotan, an ancient oasis town in the Taklamakan Desert, is one of hundreds that China has built in the past few years. It is part of a campaign of breathtaking scale and ferocity that has swept up hundreds of thousands of Chinese Muslims for weeks or months of what critics describe as brainwashing, usually without criminal charges. Though limited to China’s western region of Xinjiang, it is the country’s most sweeping internment program since the Mao era — and the focus of a growing chorus of international criticism... After a succession of violent antigovernment attacks reached a peak in 2014, the Communist Party chief, Xi Jinping, sharply escalated the crackdown, orchestrating an unforgiving drive to turn ethnic Uighurs and other Muslim minorities into