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Showing posts from April 9, 2018

CPEC most visible part of Belt and Road Initiative: PM CPEC most visible part of Belt and Road Initiative: PM                    PARVEZ JABRI  APR 10TH, 2018   0   BEIJING: Prime Minister Shahid Khaqan Abbasi Monday said the China-Pakistan Economic Corridor (CPEC) was the most visible part of the Belt and Road Initiative (BRI) announced by Chinese President Xi Jinping, which had also helped overcome energy deficit in Pakistan. “The CPEC is most visible part of BRI towards the West today, which has helped Pakistan grow. It has helped overcome the energy deficit that we have,” he said in an interview with China Global Television Network (CGTN) on the sidelines of Boao Forum for Asia. The prime minister is currently in China to attend the Boao Forum for Asia annual conference being held in the southern island province of Hainan. He said the connectivity was improving as “we are building over 1,700 kilometers of multi-lane motorway as wel

CESC Announces Key Findings Of Belt And Road Research Reports And Introduces CES Belt And Road Index CESC Announces Key Findings Of Belt And Road Research Reports And Introduces CES Belt And Road Index China Exchanges Services Company Limited (CESC) today (Monday) hosted a media conference and investment forum where it announced the key findings of its Report on Participation in Belt and Road Initiative by Listed Companies Tradable under Stock Connect (the Report) and the CES Belt and Road Index (CES OBOR), an index designed to reflect the stock price performance of listed companies actively participating in the Belt and Road Initiative. The Belt and Road Initiative sees the "Five Principles of Peaceful Coexistence" as the main pillar to strengthen multilateral cooperation and exchange among countries along the Belt and Road routes. Based on the principles that can be measured quantitatively, Facilities Connectivity, Unimpeded Trade and Finan

Is the Australian economy too reliant on China? Australia must warm to China or face economic punishment, expert claims APRIL 10, 201810:45am Is the Australian economy too reliant on China? Ben Graham AUSTRALIA can either stop expecting China to become something it is not and embrace its superpower neighbour or face dire consequences. That is the warning from Australian National University associate professor Jane Golley, who has studied the Asian powerhouse for 25 years. “China is not a rising power, it’s a risen power,” said Dr Golley. “They’ve grown strong, they’ve grown rich and they’ve done it all using their own unique approach — which is making many people increasingly uncomfortable.” From the massively ambitious trillion-dollar  “One Belt, One Road” (BRI)  trade and development project (dubbed by some as the “New Silk Road”) to the  pro

Chinese economic interests and the threat to EU cohesion Chinese economic interests and the threat to EU cohesion      by Niall Walsh , April 9, 2018 Today, some of Europe’s poorest countries are critical to China’s global economic development strategy. Under the 16+1 sub-regional  framework , which includes eleven countries from central and eastern Europe and five from the Balkans (CEEC), China is pursuing investment opportunities in infrastructure in order to enhance its connectivity with the European region. Thus far, Chinese interests have been universally  welcomed by the sixteen nations with political elites keen to boost their fragile economies in post-recessionary times. However, as economic cooperation grows between China and its former socialist allies, the political implications are becoming more apparent. As the EU strives to sustain  its ‘One-Europe’ policy with China, how some of its members and potentially future members embrace China’s global ambitions

Australia should embrace China's 'belt and road' initiative Infrastructure Australia should embrace China's 'belt and road' initiative ANALYSIS: Australia's government should embrace the prospect of increased Chinese investment to deliver a much-needed longer term boost to the country's infrastructure.09 Apr 2018 Commercial   Strategic alliances and collaboration Infrastructure   China   Asia Pacific   Australia Through its Silk Road Economic Belt and 21st Century Maritime Silk Road Initiatives, China has set out a strategy to finance and deliver projects along land routes to Europe, across Asia and the Middle East, and across trade routes over the South China Sea, South Pacific Ocean and Indian Ocean. The particular focus of policy, known more commonly as  China's 'belt and road' initiative , is on energy and transport infrastructure projects. For Australia, the 'belt and road' plans offer a ch

Is China making a trillion-dollar mistake? Is China making a trillion-dollar mistake? By Jonathan HillmanApril 9 at 1:59 PM A Chinese surveyor at the site of a bridge project in Kazakhstan. Sept. 16, 2015. (Adam Dean/The Washington Post) Jonathan E. Hillman is a fellow at the Center for Strategic and International Studies, where he directs the Reconnecting Asia Project. China’s $1 trillion push to build infrastructure across Asia evokes romantic comparisons to the ancient Silk Road, but there is a more recent chapter of history that urges caution. More than a century and a half ago, the United States was a rising power racing westward, building transcontinental railways that delivered limited benefits and exacted a high cost from society. Today, China has taken on that role. The parallels are striking — and troubling. Mixing economic and strategic aims, America’s transcontinental railways became an unquestionable national imperative. Their

Maritime Silk Road initiative applauded Maritime Silk Road initiative applauded By Ma Jingjing in Boao Source:Global Times Published: 2018/4/9 20:38:39 Free flow of goods and capital releases growth potential Workers see a ship into Zhoushan port, East China’s Zhejiang Province File photo: VCG   International representatives on Monday praised China for its pursuit of the 21st Century Maritime  Silk Road , which facilitates investment in island countries, while building networks between these distinctive economies. At the ongoing  Boao  Forum for Asia Annual Conference 2018 held in South China's Hainan Province, representatives from countries and regions along the Maritime Silk Road recognized that the Road would improve connectivity and bring huge opportunities. "In the modern computer age, trade and investment benefit much from software - which is trade and investment … But aside from the software, we also need hardware and that is the  Belt and Road  [B&

Snapshot of Chinese Language penetration in Pakistan via CPEC 🔴 *Snapshot of Chinese Language penetration * Learning Chinese key to success of CPEC By Zamir Ahmed Awan Source:Global Times Published: 2018/4/9 22:43:43 Illustration: Luo Xuan/GT The China-Pakistan Economic Corridor (CPEC) is a flagship project of the China-proposed Belt and Road(B&R) initiative. The B&R is the largest initiative of its kind in recent history. It involves more than 60 countries and regions and more are expected to join. It caters to more than half of the world's population and includes six planned economic corridors connecting several countries. The CPEC is one of the six, and as the first, has been declared a flagship project. Both China and Pakistan are giving it the highest priority and commitment so it can be a role model the rest of the corridors can follow.  Pakistan has taken several measures to ensure smooth execution of the CPEC. One is Chinese language study. There are currently four Confuci

CPEC being extended to Afghanistan CPEC being extended to Afghanistan BEIJING: The China-Pakistan Economic Corridor -- the flagship project of China’s ambitious Belt and Road Initiative (BRI) -- is being extended to Afghanistan, a study report said on Sunday. The BRI has injected “fresh vitality” to Asia’s economic cooperation and helped the continent reshape its international relations, said the Asian Competitiveness Annual Report 2018 released here on the sidelines of China’s Boao Forum for Asia (BFA) annual conference. China in December had unveiled its plans to extend the USD 50 billion CPEC to Afghanistan. Chinese Foreign Minister Wang Yi during his meeting with his Pakistan and Afghan counterparts had offered to extend CPEC to Afghanistan. “China and Pakistan are willing to look at Afghanistan, on the basis of win-win, mutually beneficial principles, using an appropriate means to extend the China-Pakistan Economic Corridor to Afghanist

What have Balochistan ministers done for people in last four years, asks CJP What have Balochistan ministers done for people in last four years, asks CJP By Nadeem Kausar   Monday Apr 09, 2018   Chief Justice of Pakistan Justice Mian Saqib Nisar. Photo: File Chief Justice of Pakistan Justice Mian Saqib Nisar on Monday questioned what the three chief ministers of Balochistan who governed over the province in the last four years did for the welfare of people during their time. Summoning the ministers, Justice Nisar said, “They should come here and explain what they did for the people of the province.” The comments came during a hearing at the Supreme Court’s Quetta Registry regarding the state of hospitals in Balochistan. A three-judge bench headed by Justice Nisar and comprising of Justice Sajjad Ali Shah and Justice Mansoor Ali is taking up cases of public interest in the province. Provincial chief secretary, secretary of health and secretary education appeared before the court for the hearin