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Showing posts from July 28, 2018

China says Sri Lanka a key component of maritime silk road

China says Sri Lanka is a key component of the “21st Century Maritime Silk Road”, with the Hambantota Port and Colombo Port City as the two flagship projects of the pragmatic cooperation between China and Sri Lanka under the Belt and Road Initiative. China’s Ambassador to Sri Lanka Cheng Xueyuan said that China believes that under the guidance of the important consensuses reached by the leaders of China and Sri Lanka, the economic and trade cooperation between both countries will inject new vigor to Sri Lanka’s economic and social development, enable development achievements to better benefit the people, and let ordinary people get more sense of gain. In November this year, China will hold the first China International Import Expo (CIIE) in Shanghai and Sri Lanka is expected to take part in the expo. This is the world’s first expo themed on import and is a major policy measure of China to further open its market to the world. “Sri Lanka attaches great importance to this event and

Pakistan a client state: Why Pakistan refused Japanese loan

Monika Chansoria   A client state, owing primarily to its policies and international standing, is one that is economically, politically, and militarily subordinate to and dependent on another more powerful and influential state in international affairs. On these lines, Pakistan is rendering itself a neo-colony of China as Beijing crafts a more-than-ambitious plan to integrate sea and land routes across Eurasia under the Belt and Road Initiative (BRI).   Pakistan’s global disrepute has resulted in the absence of any major possibility of loans or lines of credit from global institutional financial funding organizations, or investors for that matter. Unsurprisingly, China has become its last refuge. Known to extend loans on unsustainable terms, China routes its financial tentacles via investment, aid, grants, joint ventures and equity ratio. In particular, the loans offered can be categorized as preferential buyer’s credit, concessional loans, and interest-free loans.   A ga ping ca

CHINA: POLITICS AND CURRENT AFFAIRS , Business BUSINESS AND TECH: Artificial intelligence and autonomous machines Smart bots: China's sex doll makers jump on AI drive  / Reuters “Amid Beijing’s push to turn the country into an artificial intelligence (AI) powerhouse and embed the technology in all facets of life, some Chinese entrepreneurs are taking the expertise to a new frontier: sex dolls.” Mercedes-Benz parent company Daimler deepens partnership with Baidu  / TechNode “Baidu and Daimler, the parent company of Mercedes-Benz, have signed a MoU to deepen their partnership in automated driving and vehicle connectivity services.” Meituan Dianping launches autonomous food delivery system  / TechNode “Meituan Dianping has launched the Meituan Autonomous Delivery (MAD) Platform featuring driverless delivery vehicles that shuttle meals from restaurants to consumers.” The business of surveillance Hikvision remains China’s surveillance star despite losses  / TechNode “The world’s largest manufacturer of surveil

China: Propaganda shakeup The South China Morning Post  says  that “China is shaking up its propaganda and internet leadership as it tries to improve the country’s image abroad and ensure online views toe the Communist Party’s line.” “The propaganda work … overhyped China’s rise  to becoming a great power, and that image looked pale and unconvincing after the United States started a trade war with China… It’s a strategic mistake or failure. Someone has to be responsible,” one analyst told the SCMP. Xu Lin 徐麟 is expected to take charge of the State Council Information Office to coordinate propaganda directed abroad. Xu is currently head of the Cyberspace Administration of China (CAC). Zhuang Rongwen 庄荣文 is said to be Xu’s replacement as Cyberspace chief. Both men are said to be Xi allies. You can find brief biographies of  Xu  and  Zhuang  on Chinavitae. With the trade war animating China’s critics in America, and global awareness growing of intensified repression of Chinese civil society, I don’

China invests in 42 overseas ports under Belt and Road project

by  Janne Suokas   The container terminal at the Belgian port of Zeebrugge, the second largest in the country, was acquired by COSCO last year.  Marcel Musil   Flickr   CC BY-NC 2.0                  Chinese companies have participated in the construction and operation of a total of 42 ports in 34 countries under its Belt and Road initiative launched five years ago , according to China’s Ministry of Transport. These ports include Piraeus Port in Greece, Hambantota Port in Sri Lanka and Gwadar Port in Pakistan, Wu Chungeng, the ministry’s spokesperson, told a  press briefing  in Beijing on Thursday. Wu said China has also signed 38 bilateral and regional maritime agreements covering 47 countries along the Belt and Road trade routes. A signature foreign policy plan of Chinese President Xi Jinping, the  Belt and Road initiative  was proposed in 2013 to boost China’s trade with some 70 countries in Asia, Europe and Africa through massive investments in railroads, ports and power p