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Showing posts from July 6, 2018

Pakistan asks China to give more loans for boosting foreign exchange reserves: Report

Pakistan asks China to give more loans for boosting foreign exchange reserves: Report Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded will have to be shared with them and force it to cancel some of the infrastructure projects already planned. By LAHORE:  As foreign exchange reserves squeeze, Pakistan has reached out to China asking for more loans to avoid a foreign currency crisis. According to a report in the  Financial Times,  Pakistan cautioned China if the loans dry up Beijing’s $60 billion investment in China-Pakistan Economic Corridor could be under threat. In the first ten months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks. Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded

CPEC projects risk widening social divides, heightening political tensions in Pak, says report

China-Pakistan Economic Corridor ANI | Updated: Jul 06, 2018 16:25IST Brussels [Belgium], July 06 (ANI): The  China - Pakistan  Economic Corridor ( CPEC ) project in  Balochistan  is producing a heavily militarised zone, displacing locals and depriving them of economic lifelines, while in  Sindh 's Tharparkar district, coal-based  CPEC  power projects are damaging the environment and displacing locals from their homes, said International Crisis Group ( ICG ) in its latest report. ICG , an international think tank, in its report on ' China - Pakistan Economic Corridor- Opportunities and Risks has said that the project has several issues that need to be addressed on priority by the  Pakistan i government to ensure that new areas of conflict do not emerge out of it. It also mentioned that  Pakistan  government should stop arrests, harassment and other coercion of critics of the project, and consult all stakeholders. It added that the  CPEC  has the potential to deepen friction

RWR Advisory: Belt and Road at a Glance

Belt and Road at a Glance   Top Developments Hambantota Controversy Re-Emerges The June 25 publication of a  New York Times   report  on China’s involvement in Sri Lanka’s  Hambantota Port has re-ignited controversy surrounding the facility. A group of lawmakers linked to former president Mahinda Rajapaksa held a news conference in which they claimed that two Sri Lankan Times journalists were working on behalf of the current government to undermine Rajapaksa, who also denied allegations that he had taken campaign contributions from the Chinese government. State tabloid  Global Times  added fuel to the fire,  commenting : “Instead of the  New York Times demonizing China’s efforts, isn’t it better if it explores how the U.S. can participate in aiding impoverished countries? ” Bank of China Opens Branch in Mexico, Possibly Signaling Increase in Chinese Investment? On June 26,  Mexican  regulator Comisión Nacional Bancaria y de Valores (CNBV) authorized the opening of a new branch o

Trump cannot bring Europe and China together Commentary/ François Godement  / 06th July, 2018 / Donald Trump’s attack on the international trading system is changing the EU's relationship with China US President Donald Trump has proven very effective at alienating friends and partners throughout Europe and beyond. His rants against international institutions, his imposition of tariffs for spurious reasons of “national security”, his tweeted episodes of road rage have all added to the strain. But is it enough to draw China and the EU together on trade? Probably not. Indeed, the two upcoming meetings between top China and European officials will help us understand that more separates the EU and China than just America. Trump’s threats on Chinese exports have created genuine alarm in Beijing. China is making every effort to avoid publicly escalating its trade dispute with America. But it is also rediscovering the merits of a more engaging policy towards Europe. Chinese authorities have sought to demonstrate to Eu

Current Balochistan: Conflict Updates from the Ground

6/July/2018 KHARAN Yesterday Baloch freedom fighters had thrown a hand grenade in a campaign meeting of Abdul qadir, Abdul kadir is worker of Muslim N and a canditate of upcoming elections . 6/7/2018 KHARAN:- Yesterday Baloch freedom fighters had thrown a hand grenade in a campaign meeting of Abdul Qadir, Abdul kadir is worker of Muslim leg N and a canditate of upcoming elections. 6/July/2018 MAND Today pakistani forces started a military operation in different areas of balochistan , including Hazai ,Kallag Dan, Khanik & Tump Malikabad, Nizarabad and konshkalath, Where she Erased chalkings of Baloch activists. 6/July/2018 KECH Today baloch freedom fighters   successfully attacked on conveys of BNP (Awami) leaders ,Hasshan shah and asghar rind in balicha, they are candidates of upcoming election and both were working For upcoming elections in area of Tump. 6/July/2018 MASHKEY On 3rd july local death squads of pakistani army abducted Two 10 years old teenage ,Namely

Quote by Francesco S. MONTESANO on China's BRI

China’s BRI dynamism has not been exempt from scepticism and criticism, especially with regard to its financial sustainability. As illustrated by a timely NYT feature [ *China Taps the Brakes on Its Global Push for Influence* ], five years after the inception of the initiative Beijing seems to have started to introduce more caution into its previously ‘unrestrained’ BRI largesse. In the first five months of 2018, BRI-related contracts worth $36.2 billion were signed, down 6 percent from the year before. Extra caution might also be warranted in light of the currently very turbulent international trade environment: the US’ belligerent approach has –among other things- pushed up short-term interest rates, which is likely to make international borrowing more costly, particularly in emerging markets. Additionally, a more restrained approach could also help Beijing bolster its credentials of a ‘responsible’ actor, hence enhancing its overall profile as a (potential) global leader. Francesco

Chinese inroads in Panama: Transport hubs and BRI in the Americas

By  Jorge Heine   /   jorgeheinel     /    _An insightful Global Americans article focuses on the recent changes in China-Panama relations, just a year after the Central American country rejected its allegiance to Taiwan and established full diplomatic ties with Beijing [Chinese inroads in Panama: Transport hubs and BRI in the Americas]. Since June 2017, as many as 23 agreements have been signed, focusing on investment and infrastructure, and Panama has become the first country in the Americas to officially ‘sign up’ to the Belt and Road Initiative (BRI). While trade in goods between China and Panama is minimal, the latter’s successful shift towards Beijing lies in its ability to leverage its role as the ‘ultimate service economy’, and as a key regional transport and financial hub. By portraying itself as the ‘Hong Kong of the Americas’, Panama has skilfully played into China’s BRI-framed commercial and international development priorities. Panama’s allegiance switch could in part be

Chinese spy on Bundestag through social media info purchased from German politicians: report

Concerned: German domestic intelligence agency chief Hans-Georg Maassen. Photo: Rainer Jensen /dpa/AFP. The Local @thelocalgermany 6 July 2018 As a delegation of 12 Chinese ministers is expected in Berlin for talks with Chancellor Merkel on Monday, an investigation reveals the extent of Chinese espionage in the German political system. A new investigation by the Süddeutsche Zeitung reveals the extent of the Chinese secret services' attempts to lobby influential figures in the German parliament using fake social media profiles.  In 2016, a German Bundestag member was contacted by a Chinese businessman going by the name of Jason Wang. Wang allegedly portrayed himself as a well-connected business figure and offered the MP €30,000 for privileged insights into his work at the Bundestag (German parliament). The member of parliament (MP), who has not been named – but who the newspaper say they have identified – accepted the offer.  Other MPs soon followed, claim