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Showing posts from October 20, 2019

Pakistan’s General Problem.

An article by a Pakistani, about Pakistan Army. An impressive and telling Govind
-------------------- -How Pakistan’s Generals turned the country into an international jihadi tourist resort BY Mohammad Hanif(Mohammed Hanif is the author of A Case of Exploding Mangoes(2008), his first novel, a satire on the death of General Zia ul Haq)What is the last thing you say to your best general when ordering him into a do-or-die mission? A prayer maybe, if you are religiously inclined. A short lecture, underlining the importance of the mission, if you want to keep it businesslike. Or maybe you’ll wish him good luck accompanied by a clicking of the heels and a final salute.On the night of 5 July 1977 as Operation Fair Play, meant to topple Zulfiqar Ali Bhutto’s elected government, was about to commence, then Army Chief General Zia ul Haq took aside his right-hand man and Corps Commander of 10th Corps Lieutenant General Faiz Ali Chishti and whispered to him: “Murshid, marwa na daina.” (Guru, don’…

India's finance minister: ‘We made our position very clear’ on China's new Silk Road

Aarthi Swaminathan and Akiko FujitaOctober 20, 2019, 2:36 PM UTCAs China continues to court more countries to join its massive Belt and Road Initiative (BRI), India has made its position “very clear” that it won’t be participating because of a territorial dispute, Indian Finance Minister Nirmala Sitharaman told Yahoo Finance.Indian neighbors Nepal and Pakistan recently deepened their relationships with China by signing on to the country’s massive trillion-dollar infrastructure plan dubbed the new Silk Road.But BRI has been a thorn on India’s side. China has been courting partnerships with several of India’s neighbors — from Maldives to Bangladesh. And India has taken offense at one specific project in particular: The China Pakistan Economic Corridor (CPEC).The CPEC is a $60 billion infrastructure program that China launched as part of the BRI that’s supposed to link China’s Xinjiang region to Pakitan’s Gwadar port.Map locating the route of the China-Pakistan Economic Corridor. (Source…

China's Belt & Road Initiative gaining more overseas popularity: survey

Source: Xinhua| 2019-10-18 15:33:50|BEIJING, Oct. 18 (Xinhua) -- The China-proposed Belt and Road Initiative (BRI) is gaining more overseas popularity, according to the 2018 China National Image Global Survey released Friday.About 20 percent of the overseas respondents have heard of the BRI and the ratio reached 40 percent or higher in India, Japan and Italy, the survey showed.The top five countries with the highest awareness of the initiative were India (50 percent), Japan (43 percent), Italy (40 percent), the Republic of Korea (30 percent) and Russia (30 percent).The BRI, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aimed at building trade and infrastructure networks connecting Asia with Europe, Africa and beyond.The initiative's positive impacts were widely affirmed, the report said, noting that the respondents in developing countries thought highly of the impacts on themselves as individuals, on their countries, and …

China's worldwide investment project is a push for more economic and political power

Amitrajeet A. Batabyal, Rochester Institute of TechnologyOctober 17, 2019 7.39am EDTInspired by the ancient Silk Road, China is investing in a massive set of international development projects that are raising concerns about how the country is expanding its power around the world.Initially announced in 2013 by Chinese President Xi Jinping, the so-called “Belt and Road Initiative” has China planning to invest in economic development and transportation in more than 130 countries and 30 international organizations. Projects range across Asia, but also include places in Africa, the Caribbean, Europe and South America.With a projected cost of more than US$1 trillion, it may be the most ambitious infrastructure project undertaken in human history. The country hopes it will all be completed by 2049, the 100th anniversary of the founding of the People’s Republic of China. My research in international economics with particular reference to China shows that Beijing has both economic and politic…

OCEAN OF DEBT? BELT AND ROAD AND DEBT DIPLOMACY IN THE PACIFIC

ANALYSES | 21 OCTOBER 2019

China has not been engaged in debt trap diplomacy  at least not yetROLAND RAJAHALEXANDRE DAYANTJONATHAN PRYKEKEY FINDINGSChina has not been the primary driver behind rising debt risks in the Pacific, although a continuation of business as usual would risk future debt problems in several countries.There is scope for a new Australian infrastructure financing facility to provide loans to the Pacific without causing debt problems, particularly as it has adopted key sustainable lending rules.Pacific nations have an opportunity to obtain more favourable financing from official development partners but care must be taken to avoid overly geopolitical aid.EXECUTIVE SUMMARYChina’s Belt and Road Initiative has raised important questions about the risk of debt problems in less-developed countries. The risks are especially acute for the small and fragile economies of the Pacific. Our analysis, however, finds a nuanced picture. The evidence to date suggests China has …