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Showing posts from May 10, 2017

Why then have some EU member states decided to join the AIIB Why then have some EU member states decided to join the AIIB if China’s initiative represents an effort to promote a distinctive but to some extent post-Western model of global financial governance? Two main reasons stand out. First, China is rapidly recasting itself as a leading player within multilateral institutions. China is still far from overtaking the United States in terms of global economic predominance. But the AIIB is just one among many initiatives supported by China in the field of economic governance. The Belt and Road Initiative, formerly known as One Belt, One Road (Obor), the Silk Road Fund, the Regional Comprehensive Economic Partnership (RCEP) and the BRICS New Development Bank are all representative of a new, sophisticated, and to some extent, alternative approach supported by leaders in Beijing in order to implement China’s multilateral diplomacy and foreign economic policies at the global level. Three silk

Xi’s New Silk Road Forum Sets Chinese Tone for Globalization 2.0 Bloomberg News May 10, 2017, 2:30 AM GMT+5:30 Draft communique promotes China’s trade and economic positions Some diplomats say other countries’ input in draft was limited China's President Xi Jinping.  Photographer: Claudio Reyes/AFP via Getty Images China will ask 28 world leaders to sign on to President Xi Jinping’s signature initiative on globalization, bolstering a range of Chinese foreign policy objectives, according to people familiar with the draft communique. Not everyone is yet in agreement. The Belt and Road Forum is Xi’s cornerstone initiative to connect China with Europe, Asia and Africa through infrastructure projects. Not only is it a showcase for Xi’s globalization credentials that he championed in a  speech  at Davos in January, but the high-profile event will also serve as a counterpoint to America’s inward pivot under President Donald T

Landmine in the Mawand, Kohlu area QUETTA – In a tragic turn of events, three people were left injured in a landmine blast in Balochistan Wednesday morning, according to levies sources. The explosion occurred when a vehicle hit a landmine in the Mawand , Kohlu area . Subsequently, the local administration shifted the three injured persons to District Headquarters Hospital Kohlu, where the condition of two was stated to be out of danger. One of the injured persons whose condition was critical has been sent to Dera Ghazi Khan for further treatment. Landmine explosions have become common in Pakistan’s biggest province by area, Balochistan. This was the third incident of landmine blast in May . Khyber Pakhtunkhwa province has also seen a recent wave of landmine explosions. On Monday, three policemen were left injured in capital Peshawar

Completion of CPEC to usher in new era of development Our Correspondent Karachi The completion of China-Pakistan Economic Corridor (CPEC) will usher in new era of a faster economic development. This was stated by the Governor of Sindh, Muhammad Zubair, here on Tuesday. He was addressing a seminar titled “ Vision 2025” held under the auspices of the Pak-Korea Business Council. Zubair said that under the game-changer CPEC, a network of roads would be laid. Modern highways, airports and seaports would be constructed which would pave the way for faster economic development. He was of the view that CPEC was a project from which all the region could also be benefited. Governor Sindh said that Pakistan was pursuing the mission of peace and prosperity in the region and wanted friendly ties with neighbouring countries like China. He also spoke of the deep friendly ties between Pakistan and China. Zubair said that under the CPCE, China would invest 62 billion dollars and ou

Picture of the day: Muneer Mengal, Claudia, Bilal Baloch

In the EU Parliament , 10th May, 2017

Airport Road Avenue Gwadar to be renamed