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Showing posts from August 28, 2020

Et tu, Brute? Chinese banks looking to end investments in CPEC due to political instability in Pakistan

DNA Web Team  | Updated: Aug 28, 2020, 02:21 PM IST File Photo (Representational image) The multi-billion-dollar project has grabbed eyeballs with China looking to expand its influence in another country, and Pakistan looking for economic modernization In what comes as a blow for Pakistan, the dream project of the country-China Pakistan Economic Corridor (CPEC) seems to be in a fix as many financial institutions and banks of China are showing reluctance in investing in the project. The matter was discussed with the Chinese authorities when Pakistan Foreign Minister Shah Mehmood Qureshi visited the country last week. The multi-billion-dollar project has grabbed eyeballs with China looking to expand its influence in another country, and Pakistan looking for economic modernisation. However, the project has attracted a fair share of controversies Advertising India has been boycotting the BRI to protest over the CPEC being laid through the Pakistan-occupied Kashmir. Meanwhile, many Baloch p

Bill Bishop: MSS goes with "People's Leader 人民领袖"; Dual circulation; US South China Sanctions; Missile tests; TikTok

Bill Bishop Aug 26 The 5th Plenum is just about two months away, and the period before a Plenum tends to be fertile rumor season. The Financial Times published an interesting article speculating on whether or not Xi would add another title, perhaps the “Party Chairman 党主席” that Mao once held -  Xi Jinping sets stage to resurrect ‘chairman’ title created by Mao : An intensifying purge of disloyal Chinese Communist party law and order officials is setting the stage for President Xi Jinping to become party chairman and hold on to power beyond his second term, experts have warned… The latest stage in his multiyear, anti-graft battle could play a similar role in concentrating his considerable power in the lead-up to the 20th Party Congress in 2022, said Wu Qiang, a Beijing-based independent political commentator.  “It’s preparation to establish Xi’s total authority over the party,” Mr Wu said. “We cannot rule out that there will be further changes to the party charter or that Xi will get a