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Showing posts from February 26, 2018

The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017 China's balance of payments data doesn't show any material increase in the pace of offshore lending. Blog Post by  Brad W. Setser February 12, 2018       I admire the public relations  push  that China has marshaled around the  Belt and Road Initiative . It isn’t yet clear if the Belt and Road has any geographic coherence*—or is simply a phrase that China’s bureaucracy has latched onto because of its flexibility. I suspect that the historic Chinese connection to  the Artic  is rather thin for example. The Belt and Road isn’t (for now) a trading block. The Regional Comprehensive Economic Partnership (RCEP)—China’s big trade initiative—is smaller in scope.  It rather is a set of infrastructure projects that will be financed by Chinese money. Or global money mobilized thanks to a backstop provided by Chinese risk capital. Which means that the balance of payments data provides at least some ins

China's Belt and Road initiative: Q&A with Ben Way, Macquarie NOVEMBER/DECEMBER 2017 (MAGAZINE) Email Comment Add to my reading list Ben Way is the chief executive of Macquarie Group Asia and co-head of Macquarie Infrastructure and Real Assets  Ben Way What sort of opportunities does the Belt and Road Initiative present to investors today? “While at the current time the initiative isn’t presenting a lot of investable opportunities for us, we’re taking an active role in being part of the One Belt One Road dialogue. We believe in the initiative and think it makes absolute sense. However, the practical implementation of China’s vision has taken a little longer than anticipated. That’s to be expected when you’re trying to move not just a country but a region to a new phase, on a journey it has never been on before.” Where are we on that journey

CPEC to further cement Pak-China friendship: Asif | Says ties based on common agenda February 27, 2018 ISLAMABAD  - Foreign Minister Khawaja Asif yesterday said that China-Pakistan Economic Corridor will further  cement the Pak-China friendship. Addressing a gathering at the photo exhibition on the Chinese New Year at the foreign ministry here, Asif said the friendship between Pakistan and  China was based on a common agenda of socio-economic development. “The friendship spans over several decades.  CPEC  will further strengthen the ties,” he said.  He added: “The Belt and Road Initiative is the most significant transformative initiative in recent human history. Through a focus on the connectivity of infrastructure including roads, rail links, sea routes, ports, connectivity of policy, trade and finance, we are observing a phenomenon.” Chinese President Xi Jinping had proposed the BRI in 2013. It provides the important network and platform of

Pak to be economic giant following completion of CPEC projects Peshawar Economics and political experts here Monday said the world and asian trade will revolve around Pakistan after completion of CPEC projects and will make the country a prime choice for international investors. The CPEC projects signed during PML-N Government tenure had not only enhanced the geo-economic and political importance of Pakistan but also made the country a prime choice for local and foreign investors due to establishment of state of the art roads and railways network, establishment of industrial zones and full operationalization of Gawadar Port, the experts said. Senior economist, Professor Dr. Muhammad Naeem told APP that Pakistan would become an economic and business giant in Asia after completion of CPEC projects as the world’s trade would revolve around it with full operationalization of Gwadar Port. Pakistan, China, Central Asian Republics, Middle East and Central Asian states, co

CPEC: A DEBT-TRAP FOR PAKISTAN Tuesday, 27 February 2018 |  Jai Kumar Verma  | in  Oped It is in the interest of  Pakistan  to study the pros and cons of the CPEC. China has been conveniently using its neighbouring countries to expand its influence Communist China, which has hegemonic designs against neighbouring countries, is exploiting Pakistan’s abhorrence towards India. Pakistan, which was carved out from India on the basis of a failed two-nation theory, wants to take revenge from its eastern neighbour, as it alleges that it was dissected because of India. China, which views India as a potential rival, assists Pakistan militarily, financially and diplomatically. Pakistani authorities projected the China-Pakistan Economic Corridor (CPEC) as an extremely advantageous project which will end all its economic tribulations and the country will move rapidly towards the path of economic prosperity. Islamabad, which claims that “China is

Difficulties of young engineers in Balochistan By: Engr Saeed Jattak Engineers are known as the key pillar of any developing nation not only in infrastructure but also in other fields. They have innovative solutions to increase the capability of country in various departments with their economical mind setup through technological growth with creative approach. The engineers are the only humans know the art of dealing with modern technological globe as every department has been modernized by latest gadgets for the use of minimizing work load and to bring the quick result reliable. Hence every spare of the digital universe has been digitalized by the engineers by providing new solutions to complex and full of efforts projects. The creativity of engineers has brought more comforts in present world by giving new approach to reduce the human errors, effortless and stress through technological machinery by doing some simple steps. All eyes of the world cap

Numbers Matter: China's Three 'Navies' Each Have the World's Most Ships Numerical superiority allows China’s second and third sea forces to flood the maritime gray zone in ways that its neighbors, as well as the United States, may find very hard to counter. Andrew S. Erickson February 26, 2018 Tweet Share Share As a friend’s five-year-old  puts it , “China has three navies: the regular navy, the police navy and the sneaky navy.” Each of these three sea forces is the world’s  largest of its type by number of ships —at least by some measures. China is truly a maritime power in its own right, and its sea forces’ numbers matter in important ways. In maritime “gray zone” operations, Beijing employs its enormous coast guard and maritime militia to further its disputed Yellow, East and South China Sea sovereignty claims using coercion short of warfare. This article, which is part one in a series, will focus on these quantitatively superior secon

What old Silk Road’s terminus, Quanzhou, tells us about new one, Xi Jinping’s ‘Belt and Road Initiative’ TRAVEL & LEISURE The city of Quanzhou was the eastern terminus of the historical sea trade route between China, the Middle East and Europe. Looking around, it’s not hard to see that it was shaped by multicultural openness and religious tolerance Stuart Heaver UPDATED : Tuesday, 27 Feb 2018, 7:46AM  1 A kebab shop in Quanzhou’s busy Zhongshan Road may seem like an unusual place to seek insights into the origins of China’s modern-day strategy to play a greater role in global affairs. However, the coastal city in the southern Chinese province of Fujian was once described by Italian explorer Marco Polo as the largest port in the world. It is widely regarded as the eastern terminus of the ancient Maritime Silk Road and has applied to obtain Unesco World Heritage status in 2018. Life in a Chinese treaty port: Eurasian traces great-grandparents’ journey from London s

Chinese expansion a challenge for EU Monday, February 26, 2018 - 08:30 AM China’s ambitious One Belt, One Road plan aims to extend its influence across Asia, via massive infrastructure investment, particularly in developing countries, and on into Europe, where its New Development Bank will contest the primacy of western institutions, says  Kyran Fitzgerald Chinese President Xi Jinping who unveiled the ‘One Belt, One Road’ initiative in Kazakhstan back in 2013 which is a strategy aimed at increasing China’s global footprint. The great Brexit political soap opera should not blind us to fundamental changes across the globe, many of them emanating from Beijing. We ignore the changes at our peril. Arguably, the biggest change is the so-called ‘One Belt, One Road’ initiative, launched by Chinese president, Xi Jinping, in Kazakhstan, in 2013. We would be foolish to imagine this was a glorified PR exercise. The plan is noth