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Showing posts from April 18, 2018

China’s One Belt One Road economic investment also expands military footprint China’s One Belt One Road economic investment also expands military footprint By  Carlo Muñoz  - The Washington Times - Wednesday, April 18, 2018 China  is using its $1 trillion-plus investment initiative in infrastructure projects as a way to expand its military footprint, projecting power and influence around the globe from the Horn of Africa into the Middle East and South Asia, says a report released this week. Speculation over Chinese military expansion tied to the country’s ambitious One Belt One Road initiative, which effectively seeks to mimic  China ’s old Silk Road trade routes and reshape the global marketplace more to  Beijing ’s liking, has dogged  China ’s claims that the program is driven purely by economic factors. But the vast buildup of naval and ground forces, which Chinese leaders say is necessary to provide security for the large number of state-sponsored infrastru

China’s Belt and Road Initiative – A project of trade and diplomacy China’s Belt and Road Initiative – A project of trade and diplomacy China’s ambitious quest to recreate the ancient trade routes into Europe is slowly taking shape. What does China’s growing presence mean for Eastern Europe and the Caucasus? April 18, 2018 -  Mihai Chihaia  -    Analysis Chinese Dragon Lantern Festival in Eastern China Photo: GoShow (cc) China’s Belt and Road Initiative (BRI) is an ambitious project that seeks to connect Asia and Europe with the purpose of increasing trade and generating considerable economic growth. It is gaining momentum recently and becoming more noticeable, as one of its aims is gaining access to the European markets and involves significant investments in infrastructure. At the same time, it offers economic alternatives for countries that are willing to take part in this project. Moving ahead with the BRI also involves more attention t

A route to economic growth – The Belt and Road Initiative 2018 survey A route to economic growth – The Belt and Road Initiative 2018 survey To mark the fifth anniversary of the Belt and Road Initiative (BRI), the IFF – in collaboration with Central Banking – conducted its inaugural Belt and Road Survey of central banks from more than 25 countries and regions. The survey examines BRI achievements, issues and experiences from the perspective of BRI countries. Most respondents expect the BRI to bolster their growth, but more effective co-ordination is required to fully unleash its potential. By Zhang Jizhong and Christopher Jeffery, with research by Emma Glass Silk Route between China and India, Sikkim Zhang Jizhong and Christopher Jeffery18 Apr 2018 China’s Belt and Road Initiative (BRI) has the potential to be the largest development project in modern history. In terms of its scope and scale, there can be little doubt. 

India not on board with CPEC, China now proposes corridor through Nepal India not on board with CPEC, China now proposes corridor through Nepal PTI | Updated: Apr 18, 2018, 15:58 PM IST Beijing: China on Wednesday proposed an India-Nepal-China economic corridor with multi-dimensional connectivity through the Himalayas as it seeks to expand its influence over the new Nepalese government headed by Prime Minister KP Sharma Oli, widely regarded as pro-Beijing. China's proposal came after visiting Nepalese Foreign Minister Pradeep Kumar Gyawali held talks with his Chinese counterpart Wang Yi.  "Let me say China and Nepal have agreed on long term vision of a multi-dimensional cross Himalaya connectivity network," Wang told a joint press briefing along with Gyawali after their talks. Gyawali is on his maiden visit to Beijing after the Oli-led government came to power in recent elections. Wang said China and Nepal have already si

‘Pakistan needs improved GDP growth to get CPEC benefits’ ‘Pakistan needs improved GDP growth to get CPEC benefits’ Islamabad: Former Finance Minister Dr Salman Shah has said that Pakistani establishment and political parties agreed that the country required improved GDP growth to reap huge benefits of China-Pakistan Economic Corridor (CPEC). “Pakistan will have to improve its governance after which the size of the economy could touch $700 to $1000 billion by 2025 from existing size of $300 billion with the help of fate changer CPEC,” Dr Salman Shah, who is also under consideration for incoming caretaker setup, told the participants at a function organised by Switzerland Ambassador at Swiss Embassy on Tuesday night. Dr Shah told the diplomatic corps belonging to European and other countries that the trade volume could touch $700 billion, Foreign Direct Investment (FDI) to $50 billion with 50 percent coming from China by 2025. He went on saying

EU ambassadors band together against Silk Road EU ambassadors band together against Silk Road EU ambassadors to Beijing warn that China’s Silk Road project flouts international transparency norms and is aimed at furthering Chinese interests. The paper reflects Beijing’s strategy to divide the bloc. By Dana Heide , Till Hoppe , Stephan Scheuer and Klaus Stratmann Published onApril 17, 2018 12:00 p No compromises. Source: DPA Twenty-seven of the 28 national EU ambassadors to Beijing have compiled a report that sharply criticizes China’s “Silk Road” project, denouncing it as designed to hamper free trade and put Chinese companies at an advantage. The report, seen by Handelsblatt, said the plan, unveiled in 2013, “runs counter to the EU agenda for liberalizing trade and pushes the balance of power in favor of subsidized Chinese companies.” The unusually biting contents, which only Hungary’s ambassador refused to sign, are part of the EU’s pre

China’s gift to Europe is a new version of crony capitalism Martin Hala My country, the Czech Republic, has bent over backwards for President Xi, with little benefit to citizens or the wider economy Wed 18 Apr 2018 06.00 BSTLast modified on Wed 18 Apr 2018 08.49 BST The scrapping of limits on Xi Jinping’s presidential term last month drew attention to the profound changes the Chinese leader has  imposed on his country’s political system . But the significance of this move is global – and it concerns Europe in many ways. China has identified a “window of historic opportunity” for itself across the world. To make the best of this, so its logic goes, the country must be united and disciplined under a strong leader and supreme commander. Xi has been compared with Mao Zedong in that he’s created an  entirely leader-centric political system  – but to think this has consequences only for China risks missing the wider picture. In my country, the C

Domestic factors underpin China’s silk road economic belt Domestic factors underpin China’s silk road economic belt KETAN MEHTA Silk Road at an elevation of 12000 feet Source:  lensnmatter SILK ROAD THE CHINA CHRONICLES This is the fifty third part in the series  The China Chronicles. Read all the articles  here . Through comprehensive infrastructure development in its neighborhood and in regions as far away as Latin America, China intends to reorient global trade and commerce away from the Trans-Atlantic.  A case can be made that certain features of the current liberal order such as transparency, as well as best market practices including respect for labor rights and minimum wages would have limited scope in a China centric trade order.  Moreover, a China led economic order would be more favorable to authoritarian regimes, which are often condemned and put under sanctions due to their undemocratic governing practices. These fears also u