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Showing posts from September 19, 2019

Clingendael China Center: Silk Road Headlines 18 September 2019 

China expands links with SerbiaBRI is bringing China ever closer to Europe. One main of point of entry is Serbia, where China is fast gaining influence.Earlier this month, Serbia announced the intended purchase of nine armed UAVs from China, with the option of buying 15 additional units in the future. The Pterodactyl-1, also known as Wing Loong 1, is an UAV manufactured by the AVIC Chengdu Aircraft Industry Group (AVIC CAC), a state owned combat aircraft maker that also produces the J-20 stealth fighter.The Pterodactyl-1 has a wingspan of 14 meters, a range of 4000 kilometres, and can carry up to 400 kilos of bombs and air-to-surface missiles. The UAV has the potential to seriously alter the balance of power in the entire region, as neighbouring countries pose nothing that comes even close to the range and firepower of the Pterodactyl-1. Serbia is the first European country to get the Pterodactyl-1, but it was previously exported to various other countries, including Egypt, Pakistan, …

End of road for China-Pakistan Economic Corridor? CPEC projects come to a ‘grinding halt’, claims report

Updated Sep 19, 2019 | 12:33 IST | Times Now DigitalThe multi-billion dollar China-Pakistan Economic Corridor was launched in 2015. Nearly four years down the line, the USD 50 billion CPEC projects in Pakistan have run into roadblocks.Photo Credit: APFile imageKey HighlightsProjects under CPEC have run into trouble in PakistanWork on almost all CPEC projects has stoppedCorruption allegations levelled by Pakistani ministers have upset the ChineseIslamabad: The multi-billion dollar China-Pakistan Economic Corridor (CPEC), part of the wider Belt and Road Initiative (BRI), was launched with much fanfare in 2015. The ambitious BRI was launched by Chinese President Xi Jinping with an aim to connect Southeast Asia, Central Asia, the Gulf region, Africa and Europe using a network of land and sea routes.Nearly four years down the line, the USD 50 billion CPEC projects in Pakistan have run into roadblocks. In fact, a report in the Pakistani media on Thursday expressed doubts over the projects&#…

Is new Pakistani PM Khan backtracking on China's economic corridor?

By Shamil Shams | 18.09.2018China is reportedly irked by the new Pakistani government's criticism of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) initiative in the South Asian country. But can Islamabad afford to offend Beijing?Pakistan's army chief General Qamar Javed Bajwa arrived in Beijing on a three-day official visit on Sunday, days after a Pakistani minister raised concerns about China's $57-billion China Pakistan Economic Corridor (CPEC) project.BUSINESS | 01.08.2018Pakistan's bailout becomes a pawn in US-China tensionsAbdul Razak Dawood, Pakistan's minister for commerce, industry and investment in Prime Minister Imran Khan's government, last week suggested that all CPEC projects could be suspended until a review is completed."I think we should put everything on hold for a year, so we can get our act together," Dawood told the Financial Times in an interview. "Perhaps we can stretch CPEC out over another five years or s…

CPEC shelved?

September 19, 2019KARACHI: The $50 billion worth China-Pakistan Economic Corridor (CPEC) projects launched amidst lot of fan fare by the PML-N government and they soon became so expedient that practically all political parties lined to take its credit.Some analysts laid credit of the CPEC projects with the former dictator Gen (retd) Pervaiz Musharraf and the military leadership. It became so sacrosanct afterwards that mere objecting to the project would invite the label of treachery against the country. But then the pendulum swung the other way. After the inauguration of the PTI’s government into the office, the projects first came under scathing criticism of Minister for Trade Razzaq Daud and then Minister for Communication Murad Saeed who accused PML-N’s Ahsan Iqbal of involvement in misappropriations in some CPEC projects and then all of them came to a seemingly grinding halt.Now it has become a forgone conclusion that the CPEC projects have been shelved for all practical purposes.…