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Showing posts from January 22, 2019

China and Tunisia sign belt and road agreement

China and Tunisia signed an agreement on economic and technical cooperation to enhance their cooperation under the belt and road initiative.22 Jan 2019

The head of China's international development cooperation agency Wang Xiaotao, who was on a two-day visit in Tunisia, signed the agreement with Tunisia's secretary of state to the minister for foreign affairs Hatem Ferjani.The two sides agreed to strengthen their cooperation and increase Chinese investment in Tunisia, especially in infrastructure. Meanwhile, Tunisian foreign affairs minister Khemaies Jhinaoui said that Tunisia will cooperate with China in other economic areas.Infrastrucute specialist Rachel Turner of Pinsent Masons, the law firm behind Outlaw.com, said, "Whilst historically Tunisia and China have maintained strong diplomatic relations this has not translated into significant investment or trade between the two countries.  This is set to change as Tunisia seeks a meaningful engagement with BRI, to develop it…

China proceeds with Belt and Road push, but does it more quietly

WED, JAN 23, 2019 - 7:30 AMEver since President Xi Jinping of China unveiled the Belt and Road Initiative in 2013 to link the economies of Asia, Europe and Africa with highways, rail lines and power plants, Beijing has promoted the program as a centrepiece of its foreign policy. PHOTO: AFP[DAVOS] Ever since President Xi Jinping of China unveiled the Belt and Road Initiative in 2013 to link the economies of Asia, Europe and Africa with highways, rail lines and power plants, Beijing has promoted the program as a centrepiece of its foreign policy.But China has turned down the volume on its plan, even though it still appears to be moving forward.Various senior Chinese government officials are at the World Economic Forum in Davos, Switzerland, including Vice President Wang Qishan, who is to speak on Wednesday. None of them, though, participated in a panel during one of the forum's most prominent time slots Tuesday that was focused on the Belt and Road Initiative and billed as a review …

WEF panel upbeat on benefits of China's Belt and Road Initiative

Project, while involving geopolitics, will create economic opportunities for nationsTan Dawn WeiChina Bureau ChiefGeopolitics cannot be divorced from China's ambitious Belt and Road Initiative (BRI), but the mega project will create plenty of economic opportunities and growth for countries, said panellists at a World Economic Forum discussion in Davos yesterday.And while current tensions between the world's two biggest economies, China and the United States, have rattled the rest of the globe, long-term infrastructural projects that are vital to connecting nations and driving free trade will continue at a rapid clip, they predicted.Launched five years ago, Chinese President Xi Jinping's signature development strategy to revive ancient sea and land trade routes linking Africa, Europe and Asia has won the support of an increasing number of countries eager for China's help.It involves an estimated US$1.5 trillion (S$2.04 trillion) of Chinese investment across Asia alone i…

CPEC’s crucial role in China-Pakistan relationship deserving of respect, not slander

By Zamir Ahmed Awan Source:Global Times Published: 2019/1/22 21:31:59

Illustration: Xia Qing/GT

Pakistan has currently issued around $95 billion of outstanding foreign currency debt. It is a really huge amount and Pakistan's economy may not be able to sustain such a huge debt burden. Pakistan may even experience difficulties servicing this amount of debt, especially as their exports have been declining over the past few years. The other main source for Pakistan's foreign exchange reserves was the remittances from overseas Pakistanis, but this has also declined for the last few years.Many of the loans are from the IMF and other Western nations. Pakistan has accessed IMF funds 16 times in the past. Although, we are thankful to the IMF for bailing out Pakistan so many times in the past, as a temporary relief, but, the IMF has failed to address the core issues of Pakistan indebtedness, and the structures have not allowed Pakistan to stand on its own two feet and begin to develop its…

Pakistan securing its maritime interest and CPEC

January 23, 2019

Qurat HashmiTHE IOR is a major sea route that unites the Middle East, Africa, and East Asia with Europe and America. The excessive economic growth of littoral states of Indian Ocean obliges them to protect their energy needs and interests in order to endure their purchasing power. This has great security implications for the sea line of communication of the littoral states of IOR like Pakistan. Continuing to Pakistan’s interests in IOR the China-Pakistan Economic Corridor (CPEC) has great potential to transmute Pakistan into a central trade platform, which would undeniably gush the enemies, particularly India, to halt it. The development of Gwadar sea-ports as part of BRI in general and that of CPEC in particular has amplified India’s concerns’ and aimed for more sophisticated and advanced naval build-up.Furthermore, India perceives the Gwadar port (that is considered as crown jewel of CPEC) as a hazard to its contesting interests in Central Asia States. The reason bei…

Western parts of Pakistan to be included in 2nd phase of CPEC: Chinese envoy

Parvez JabriJanuary 23, 2019PESHAWAR: Ambassador of China to Pakistan Yao Jing Tuesday visited Area Study Centre for Russia, China and Central Asia, University of Peshawar here Tuesday for a round table Conference on Belt and Road Initiative (BRI), CPEC and Peace Prospects in Afghanistan on Tuesday during day long visit.The conference was attended by General (Rtd) Asad Durrani, Prof. Dr. Azmat Hayat Khan, Rahimulla Yousafzai, Rustam Shah Momand, Brig. (Rtd) Saad, Brig. (Rtd. Mehmood Shah, Mohammad Abid, Pro-VC University of Peshawar, Dr. Zahid Gul Registrar University of Peshawar and many other professors and scholars.The Ambassador of China to Pakistan said that China has comprehensive relations with Pakistan and CPEC is just a part of that. China wants to help Pakistan overcome the socio-economic under-development.Western parts of Pakistan particularly the less developed areas would be focused upon in the next phase of CPEC, the Ambassador said. The CPEC related projects are purely …

Pakistan- Chinese ambassador says work in progress on 22 projects under CPEC

(MENAFN - Tribal News Network) PESHAWAR: Chinese Ambassador to Pakistan Yao Jing said on Tuesday that work is underway on 22 projects under the China Pakistan Economic Corridor (CPEC) in Pakistan.The Chinese ambassador said during his visit to the Area Study Centre at the University of Peshawar that it was unfortunate that the Western media was making baseless propaganda against CPEC. He said some elements are making propaganda that CPEC is a model to control Pakistan, however, this is a baseless assertion. He made it clear that China's foreign policy has no agenda of controlling any other country.Yao Jing said it is important for China that the people of Pakistan understand its policies. He said China showed its interest in Gwadar Port development on the request of Pakistan.The Chinese ambassador said emphasis will be made on development of backward areas in CPEC. He said China wants to see economic development in Pakistan, adding that CPEC is part of initiatives to see a strong…

CSIS EVENT: China's Digital Silk Road

The CSIS Reconnecting Asia Project hostsChina's Digital Silk RoadTuesday, February 5, 201910:30 am - 12:30 pmLaunched in 2013, China's Belt and Road Initiative (BRI) strives to improve infrastructure, trade, financial integration, and people-to-people bonds across more than 80 countries. Its digital dimensions are far-reaching, including fiber optic cables, 5G networks, satellites, and devices that connect to these systems. Please join the CSIS Reconnecting Asia Project for a discussion of these developments and their implications for U.S. economic and strategic interests. Featuring an expert panel discussion withRobert AtkinsonPresident, InformationTechnology and Innovation FoundationJennifer BiscegliePresident & CEO, Interos Solutions, Inc.Emily RauhalaStaff Writer, The Washington PostModerated byKate O'KeeffeReporter, The Wall Street JournalWelcoming remarks by Matthew P. GoodmanSenior Vice President; William E. Simon Chair in Political Economy and Senior Adviser fo…

Feature: Thailand strives to connect Belt and Road Initiative with its Eastern Economic Corridor

Source: Xinhua| 2019-01-22 15:33:35|by Jane LinCHONBURI, Thailand, Jan. 22 (Xinhua) -- As soon as 25-year-old Jin Xiang landed a job at a Chinese steel factory in Thailand's eastern Chonburi Province, he knew he would be part of the growing factor in propelling the Belt and Road Initiative and Thailand's Eastern Economic Corridor (EEC).The Chinese young man said his parent company in central China's Hubei Province will be bringing state-of-the-art steel lathing and molding technology, using artificial intelligence in creating metal spare parts for heavy industries."When I arrived in Chonburi six months ago, I can say that Thailand's steel lathing industry was still lagging behind, compared to that of China," he said. "It was a right decision to move to Thailand."According to the EEC Labor Administration, the fourth quarter of 2018 saw an extra 2,000 skilled Chinese workers flowing into the EEC region, covering Rayong, Chonburi and Chachoengsao provi…