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Showing posts from February 21, 2019

The day's top China business headlines

Daily News Update
Today's briefs 1. US, China get to work on trade deal outlineThe two sides have begun to hash out a trade agreement addressing the most sensitive issues that have hampered progress so far, sources told Reuters, as the March 1 deadline fast approaches.
Last week’s meetings in Beijing were celebrated by representatives from both countries, one of the people said, saying that the process has “become a real trade negotiation”. Up till now, however, details over exactly what has been agreed have remained fuzzy.
Officials are reportedly drawing up six MoUs on key structural issues: forced tech transfer and cyber theft, intellectual property rights, services, currency, agriculture, and non-tariff barriers to trade, according to two of sources who are involved with the negotiations.
Pressure is on both teams to strike a deal before the end of the month, when the US has pledged to raise tariffs on $200 billion of Chinese imports to 25% from 10%. For the Americans, the goal i…

Attack on Pasdaran

Editorial Updated February 21, 2019

DUE to an unfortunate series of events, Pakistan finds itself in a tricky position.While India is ratcheting up tensions in the aftermath of the Pulwama bombing, the targeting of the Iranian Revolutionary Guards, also known as the Pasdaran, in Sistan-Baluchestan province that borders our own Balochistan a day before the incident in India-held Kashmir, has also led to Tehran pointing fingers in this direction.A senior commander of the Pasdaran has said that the suicide bomber that targeted the Guards’ bus was a Pakistani, as were two of the facilitators of the attack. While Pakistan has condemned the targeting of the Pasdaran, Tehran needs to refrain from hurling accusations against Pakistani authorities without solid proof. There needs to be an investigation involving both nations so that the perpetrators of this tragedy can be brought to justice. Iranian military commanders’ talk of ‘hot pursuit’ inside Pakistan is totally unacceptable as this count…

China Fights Back After Pakistan Claims Corruption Loss of $500 Million on Belt and Road Project

AFP/AMELIE HERENSTEIN /20 Feb 2019/
A Chinese corporation in a statement on Wednesday dismissed Islamabad’s accusation of corruption in connection to one of the largest transportation infrastructure projects in Pakistan under Beijing’s ambitious Belt and Road Initiative (BRI) as “groundless.”China State Construction Engineering Corp (CSCEC) refuted media reports this month accusing Pakistani government officials from the former Pakistan Muslim League-Nawaz (PML-N) administration of misappropriating $500 million in the Sukkur-Multan Motorway project, considered the largest infrastructure operation in Punjab under the more than $60 billion China-Pakistan Economic Corridor (CPEC), a component of BRI, also known as the One Belt, One Road (OBOR) initiative.Murad Saeed, the communication minister in Pakistan, leveled the CPEC-linked corruption accusations against the official, the Dawn daily notes.Breitbart TVThe Most Corrupt Big City in America Has Dem. Leadership, Welcomes Illegals - Study

Subsea Rail Link between UAE and India Proposed

BY MAREX 2019-02-20 19:02:40The National Advisor Bureau in the UAE has proposed a futuristic project to build a subsea rail connection to India. The Fujairah-Mumbai Subsea Tunnel Project would involve an ultra speed subsea railway, with the aim of improving the bilateral trade between the two nations.The main expected benefits from the project are:• Transport goods, passengers, tourists and workers between the UAE and other Gulf countries and India
• Export oil and gas from Fujairah Port to India via a pipeline, possibly China and Pakistan as well
• Import water from Narmada River, north of Mumbai, to the UAE (The Narmada River floods during monsoon season creating the opportunity for excess water to be exported to the UAE)
• Supply bunker fuel to ships passing between the floating pontoons via a floating bunker fuel stationFuture expansion may include China's One Belt One Road Initiative, linking the China-Pakistan Economic Corridor at Gwadar Port with the UAE (and other Gulf cou…

The New Silk Railroad Revolution

GEOPOLITICS AND GLOBALISATIONChina is investing billions of dollars in its Belt & Road initiative and that's creating new options for rail transport between China and western Europe. As our new report reveals, this could shake up supply chains, as it's twice as fast as sea freight and up to six times cheaper than airIn this articleNew Silk rail road: Twice as fast as sea, four to six times cheaper than air
Most interesting for higher valued products to inland destinationsCO2-footprint is a growing advantageCentral and Eastern European countries to become gatewaysChallenges ahead, but New Silk road is here to stay
Download article as PDFNew Silk rail road: Twice as fast as sea, four to six times cheaper than airChina is investing billions of dollars in its Belt & Road initiative. As a result, container traffic on The New Silk rail road between China and Europe is growing at a double-digit rate and this is expected to continue in the coming years. The rail connection offer…