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Showing posts from October 12, 2019

Bridging the Belt and Road Divide

CARLA P. FREEMAN,  MIE ŌBAOCTOBER 10, 2019ALLIANCE POLICY COORDINATION BRIEFSource: GettySummary:  The United States and Japan should collaborate with other like-minded countries to uphold suitable standards for infrastructure financing and development.Related Media and ToolsFULL TEXT (PDF)Print Page+This brief is part of the China Risk and China Opportunity for the U.S.-Japan Alliance project.ISSUE BACKGROUNDThe Belt and Road Initiative (BRI), China’s scheme to boost global connectivity and market integration principally through the export of its infrastructure development capabilities, is redefining Southeast Asia’s economic and security environment. Although the BRI risks the usual pathologies of large-scale infrastructure development—corruption, environmental degradation, social instability, and debt—it also promises an array of economic benefits to the region’s diverse economies, not least by addressing the region’s massive infrastructure deficit and potentially jump-starting ind…

Harvard Kennedy School Hosts Lecture on China’s Belt and Road Initiative

Philippe Le Corre, research associate at the Ash Center for Democratic Governance and Innovation and Mossavar-Rahmani Center for Business and Government speaks about the impact of China's Belt and Road Initiatives at the Harvard Kennedy School Tuesday. Photo: Kathryn S. KuharBy Joshua C. Fang and Aisha C. Abdelhamid , Contributing Writers4 days agoHarvard Kennedy School research fellow Phillipe Le Corre led a discussion about China’s Belt and Road Initiative and its impact on Europe Tuesday.The Belt and Road Initiative is a colloquial term for two Chinese infrastructure investments: the Silk Road Economic Belt and the 21st century Maritime Silk Road. Announced by Chinese President Xi Jinping in 2013, the initiatives revolve around investment in railways, energy pipelines, sea ports, and highways stretching across Europe, Asia, and Africa.Le Corre, a research associate in the Ash Center for Democratic Governance and Innovation and the Mossavar-Rahmani Center for Business and Govern…

China slimming down Belt and Road Initiative as new project value plunges in last 18 months, report shows

🔴The value of new projects across 61 countries fell 13 per cent to US$126 billion in 2018, with the figure falling further in 2019, according to Gavekal Dragonomics🔴The project was launched in September 2013 by President Xi Jinping, but China’a access to available funds has since diminishedTopic | China economyCissy ZhouPublished: 8:15pm, 10 Oct, 2019Updated: 8:46pm, 10 Oct, 2019The growth of China’s Belt and Road Initiative slowed significantly over the last 18 months as Beijing’s overseas lending flattened out and the value of new overseas construction projects declined, new private-sector research showed, supporting existing theories about the decline of Xi Jinping’s signature plan.The value of new projects spread across 61 countries involved in the plan fell 13 per cent to US$126 billion in 2018 compared to the previous year, with the figure falling a further 6.7 per cent in the period up to August 2019, according to a report by Gavekal Dragonomics. Existing contracts also dropp…

Work on CPEC’s western route to be expedited

APPISLAMABAD: Following completion of the first phase of the China-Pakistan Economic Corridor (CPEC), the Joint Working Group of China and Pakistan on Infr­a­structure Develop­ment has decided to expedite work on the western route.A delegation headed by the transport minister of China called on Minister for Communications Murad Saeed and discussed the infrastructure development projects in detail, according to a statement issued by the Press Information Depa­rtment on Saturday.The Joint Working Group has signed a memorandum of understanding for transport infrastructure development.The statement said under the CPEC’s second phase, around 1,270km highways would be constructed and the roads from Gilgit to Chitral, Dera Ismail Khan-Zhob, Peshawar-Dera Ismail Khan and Swat Expressway Phase-II would also be developed.The Chinese delegation appreciated the performance of the ministry of communications for timely completion of the first phase projects.Published in Dawn, October 13th, 2019




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‘China Pakistan Eating Corridor’ – PM announces Chinese langar along CPEC route

PakistanToday

BY THE DEPENDENT , (LAST UPDATED OCTOBER 10, 2019)(Disclaimer: this is a work of fiction. Learn to take a joke; you’ll live longer.)BEIJING/ISLAMABAD – After successful talks with Chinese President Xi Jinping in Beijing on Wednesday, Prime Minister Imran Khan has announced a revamp of the China Pakistan Economic Corridor.In their joint meeting PM Khan and President Jinping finalised the restructuring of the CPEC, which will now be known as the China Pakistan Eating Corridor — one of the joint projects of the Chinese government and the Pakistan government’s Ehsaas Programme.According to a statement released by PM Khan’s office in Islamabad, the Pakistani premier thanked Xi and the Chinese government for China’s financial support to Pakistan in difficult times, and confirmed that the multi-billion dollar CPEC will now see Chinese langar throughout its route.“We will never forget China’s culinary cooperation in this regard,” Khan was quoted as saying by Radio Pakistan, addin…