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Showing posts from May 3, 2017

China repeating the mistakes made by US in Pakistan By Bloomberg | May 04, 2017, 10.21 AM IST By Mihir Sharma  When President Xi Jinping announced in 2015 that  China  would pump $46 billion worth of investments into Pakistan, the recipients of his largesse seemed less surprised than one might have expected. The military and political elites of the Islamic Republic of  Pakistan  have long extracted aid from outside powers in return for keeping a lid on things at home. As far back as April 1948, barely eight months after independence, Prime Minister Liaquat Ali Khan assured Pakistani military commanders that three-quarters of the new nation's Budget would be devoted to defence -- fully expecting that the US would underwrite the pledge.  China's Silk Road  Xi will no doubt tout the Pakistan investments -- which include a network of road, rail, power and port projects that are collectively known as the  C

China encircles the world with One Belt aa5b -6bb07f5c8e12 One Road strategy Beijing’s $900bn of planned investments include ports and railways across Asia New Silk Road: a truck delivers rocks for the development of Pakistan’s Gwadar port, a terminal point on the China-Pakistan Economic Co 5 HOURS AGO by: Tom Hancock in Shanghai With $900bn of planned investments ranging from ports in Pakistan and Sri Lanka to high-speed railways in east Africa to gas pipelines crossing central Asia, China’s One Belt, One Road project (Obor) is arguably the largest overseas investment drive ever launched by a single country. . The initiative — motivated by concerns about slowing domestic growth and a desire to boost China’s global influence — has the potential to help solve a global infrastructure gap, advocates say. It could also aid growth in developing countries while boosting trade and generating investor returns. Obor be

China's OBOR initiative may create political and economic instability in South Asia: Experts By  Dipanjan Roy Chaudhury , ET Bureau | Updated: May 04, 2017, 01.32 AM IST NEW DELHI:  India  is closely watching  China 's growing influence over Southeast Asian countries. Although India has undertaken infrastructure and capacity building projects in these countries over the past three years, under the  Narendra Modi  government's Act East Policy, experts warn that massive Chinese investments under its 'One Belt, One Road' initiative may create political and economic instability in the region, impacting India.  ✔ Chinese investments are aimed at not only regional connectivity but also ideological hegemony, with countries such as  Cambodia and Laos increasingly getting drawn into its sphere of influence, said one of the experts, who did not wish to be identified.  Cambodia, Laos, Indonesia and M

Rejuvenated port to make a splash

By Zhang Yunbi in Islamabad, Pakistan and Chen Yingqun in Beijing | China Daily | Updated: 2017-05-04 07:53 Pakistani soldiers and Chinese staff pose for a photo at Gwadar Port. METIN AKTAS / GETTY IMAGE Editor's note:   This is the seventh in a series of reports focusing on the development of the Belt and Road Initiative, China's proposed trading route linking Asia, Europe and Africa. Four years ago, an outdated Gwadar was in decline. But Chinese companies and cash have changed things. Zhang Yunbi reports from Islamabad, Pakistan, with Chen Yingqun in Beijing. Gwadar Port, in Southwest Pakistan, occupies a great location, according to experts, because its proximity to the Arabian Sea gives China and Central Asian countries access to the Persian Gulf and the markets of the Middle East. Yet, only four years ago, the port was rundown. The facilities were in great need of new equipment and repairs, some Chinese scholars visiting there recalled. Since then, Chinese companie

The dragon beckons P.S. Raghavan  MAY 04, 2017 00:00 IST UPDATED: MAY 04, 2017 03:34 IST India should ask China if it’s willing to address its concerns so as to enable participation at the BRI meet On March 17, the United Nations Security Council adopted a resolution on security in Afghanistan. It includes a reference to regional development initiatives such as China’s Belt and Road Initiative (BRI). China promptly announced that this reference (possibly inserted at its instance) reflected a global consensus on the BRI. This is part of an intensifying campaign to mobilise high-level attendance at a summit — the Belt and Road Forum for International Cooperation (BRF) — being hosted by China in mid-May. The declared purpose is to review progress of the BRI, obtain perspectives of stakeholders and plan new trajectories of cooperation. The grand design The BRI originated from two speeches by President Xi Jinping in

Scoping CPEC In February 2015, the Asian Development Bank (ADB) and the Government of United Kingdom Department for International Development (DFID) agreed upon a Pakistan Economic Corridors Program (PECP) to support the government's strategy to strengthen regional connectivity and trade, accelerate economic growth, and create jobs. The program comprises (i) significant investment in transport, (ii) investment and technical assistance (TA) to promote public private partnerships (PPPs), and (iii) TA to support transport sector policy and economic corridor planning. DFID will contribute up to GBP 262 million of grant co-financing for ADB's operations in these areas. ADB will act as administrator of the 5-year program from March 2015 to March 2020.

As Japan adapts to China's rise, ADB wrestles with relevance by Reuters Wednesday, 3 May 2017 12:02 GMT (Refiles to fix formatting) By Tetsushi Kajimoto TOKYO, May 3 (Reuters) - The Asian Development Bank's 50th annual meeting is supposed to be a celebration of Japan's economic leadership in Asia over the half-century - instead, it takes place in the shadow of China's bid to increasingly assert itself as the regional powerhouse. The ADB is coming off a record year for lending and is the region's major financier for development, but its four-day meeting in Yokohama starting on Thursday could quickly fade as attention turns to China's high-profile "One Belt, One Road" (OBOR) summit the next week. Many OBOR projects are supported by China's state-owned banks and its fledgling regional lender, the Asia Infrastructure Investment Bank (AIIB), which could become a potential rival of the Manila-based ADB but for now is much smaller. "Politically, the AIIB is

Overall economic growth in OBOR countries is likely to be modest

The Edge Markets According to the economists, the Asian Development Bank (ADB) estimates that OBOR would need an annual infrastructural investment of US$1.7 trillion until 2030. “ Even the combined annual financing flows likely to be generated by these and other international multilateral institutions (such as the World Bank and ADB) are modest compared to infrastructure spending and needs in the vast OBOR region,” s ay He and Kuijs. “However, this also implies that the short-term impact on total investment and overall economic growth in OBOR countries is likely to be modest.” In addition, He and Kuijs say OBOR is also not expected to have a major impact on mopping up excess capacity in China’s heavy industry, despite Chinese construction firms likely to benefit significantly from new opportunities for overseas infrastructure construction due to OBOR. Excess capacity in China’s steel industry ranges from 250 to 450 million tonnes per year, while the economists estimate that total a

Don’t rebuff the new silk road initiative One Belt, One Road or Belt and Road Initiative, will encompass 100 nations representing 70% of world’s population, 55% of GDP, 24% of global trade Ajit Ranade Xi Jinping announced Obor, the new silk road initiative, in 2013. Photo: Reuters The India-China economic relationship is one of the most dynamic relationships of this century. The two neighbours house two-fifths of humanity and their combined economic weight is close to one-fifth of the global gross domestic product (GDP) and rising. Cooperation and competition, trust and occasional distrust, admiration and disdain, friendly embrace punctuated by aloofness, are the ongoing yin and yang characteristics of their relationship. The rise of the two nations is inevitable, although the global, especially Western, perception of their rise is markedly different. The rise of China causes anxiety whereas India’s rise is seen as benign

Pakistani View: CPEC and peace building in Kashmir Muhammad Adil Sivia DISPUTE resolution mechanisms anchored on economic interdependence and developing mutual economic vulnerabilities has delivered even in case of worst enemies that repeatedly fought for territory. Germany and France twice went to war over mutually contested territory during the first half of 20th century. Both states claimed Alsace-Loraine as theirs and employed military power to settle the dispute. Control over disputed territory switched hands between the two parties depending on the outcome of war. The defeated state that lost territory would prepare for next war to win back and gain territory. This bloodbath for disputed territory between Germany and France continued until leaders and people in both states realized such territory grabbing approach through military means was not going to settle the dispute forever. The United States helped building peace in post World War II in Europe and developed the Western

President stresses IT skills to benefit from CPEC May 3, 2017 Gives away gold medals, shields to students President Mamnoon Hussain said on Tuesday that skill development in IT is part and parcel of China-Pakistan Economic Corridor (CPEC) project in country. He stated this while speaking as a chief guest at 8th annual convocation of Virtual University of Pakistan, Lahore. He said that significant interest of new generation in IT sector would be helpful for the development of the country. The president said that in the past years education and industry were nationalised which created intense negative impact on the human development sectors. Realising the need of IT and skill development education, universities like Virtual University have been serving the students, he said. Mamnoon Hussain lauded the services rendered by this university in country where a large number of students cannot afford higher education. However, he said the countr

Balochistan to digitalise land record By  Mohammad Zafar Published: May 3, 2017 QUETTA :  In a first formal and serious move to end the centuries’ old Patwari System, the Balochistan government has decided to implement it ambitious reform plan to digitalise land and revenue record in a phased manner . In the first phase of the project, the provincial government will digitalise the revenue and land records in four important districts – Quetta, Jaffarabad , Pishin and Gwadar , the future commercial and finance capital of Balochistan. The project – called the Land Revenue Management Information System – has been launched to computerise the land and revenue records in all parts of Balochistan in a phased manner. Talking to The Express Tribune, officials dealing with the project said it would be based on the Geographical Information System (GIS) which will provide automated platform for land transactions, ensuring transparency and efficiency. The

The Indiaakistan media on the Jadhav ‘’spy’’ case BY  ANKITA PANDEY |  IN  MEDIA MONITORING  |  03/05/2017 The media stood by the ‘’national interest” of their respective countries instead of critically examining the case ANKITA PANDEY compares five newspapers Express Tribune, April 14, Editorial page   Kulbhushan Jadhav, an alleged Indian spy, has been convicted and condemned to death in Pakistan. The sudden announcement took everyone by surprise.  Pakistan claimed that Jadhav was arrested in Balochistan over charges of terrorism and spying for India's external intelligence agency, the Research and Analysis Wing (R&AW). India accepted that Jadhav was a retired Indian navy officer, but denied his links with R&AW and raised objections against the conviction. This article analyses the coverage of Jadhav’s conviction between April 11 and April 17, 2017 in three Indian newspapers -  The Times of India  (TOI),  The Hindu  a