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Showing posts from September 24, 2018

Navigating the digital silk route

September 24, 2018, 11:11 PM IST  Economic Times   By Deepakshi Rawat China’s evolving relationship with emerging technologies was once again brought into the limelight following the conclusion of the 2018 World Artificial Intelligence (AI) Conference hosted in Shanghai. One of the key highlights of the conference was President Xi’s remarks through a congratulatory letter at the opening ceremony on 17September, where he said that China was willing to work with other countries to “promote development, jointly safeguard security and share results” in Artificial Intelligence technologies. Some observers have attributed his statements toa softening Chinese stance in the face of the US and European pushback against the “China Dream”(???) to achieve global dominance in AI. On the other hand some scholars saw it as an indication of China’s plan to promote Chinese technological projects and investments in other countriesalong the Belt and Road, bringing to the forefront a concept known as t

More Belt and Road Backlash

The Maldives turns away from China and back toward democracy. By  The Editorial Board Sept. 24, 2018 7:45 p.m. ET Maldives President Abdulla Yameen conceded defeat in elections and said he would arrange a smooth transition for president-elect Ibrahim Mohamed Solih, Sept. 24.PHOTO: HANDOUT/AGENCE FRANCE-PRESSE/GETTY IMAGES The Maldives—a small Indian Ocean archipelago nation—usually doesn’t receive much attention, but its strategic location gives it outsize importance. The result of Sunday’s presidential election offers good news about security and democracy in Asia. On Monday President Abdulla Yameen conceded defeat to Ibrahim Mohamed Solih, a longtime member of parliament. Some 90% of eligible voters turned out. Mr. Solih won with 58% of the vote after promising to restore democracy and improve relations with the West. He also vowed to take a harder line against Chinese investment. Foreign Edition Podcast Shots Fired in Trump's Trade War; More Brexit Mayhem 00:00 / 24:5


BY  NICOLAS GROFFMAN 25 SEP 2018 Optimists believe the judges of the China International Commercial Courts are so skilled their expertise will trump political considerations. Pessimists give a quite different verdict  6 The China Railway Express China-Europe line is part of President Xi Jinping’s Belt and Road Initiative. Photo: EPA We now know who will be making the judgments for some of the largest and most geopolitically significant disputes on the planet. According to the Supreme People’s Court in Beijing, disputes regarding the “ Belt and Road Initiative ”– President  Xi Jinping ’s plan to fund infrastructure links throughout Eurasia – will be handled by two China International Commercial Courts (CICC). Previously known as the Belt and Road Courts, one of these is based in the southern city of Shenzhen and will handle disputes along the maritime “Road”. The other, in Xian, will handle cases along the overland “Belt”. The proposal to establish these courts was announced at

India in talks to join US global development partnership countering China’s belt and road plan

Agreements with Japan and Australia have already been put in place by the Overseas Private Investment Corporation Robert Delaney, US bureau chief UPDATED : Tuesday, 25 Sep 2018, 9:29AM  43 The US government’s international finance development agency is in talks with India to include the South Asian country in a partnership that Washington has formed with its allies in the region to counter China’s “Belt and Road Initiative”. After signing agreements with the overseas finance development arms of Japan and Australia, the Overseas Private Investment Corporation (OPIC) is “in discussions with India right now” to reach a memorandum of understanding with India, OPIC President and CEO Ray Washburne told the  South China Morning Post  on Monday. If concluded, the agreement “will reflect very much like the ones we have with Japan and Australia”, Washburne said. Watch: What is the ‘Belt and Road Initiative’? Those partnerships allow the three countries to streamline the process of joint

300kg hashish seized in Gwadar

The Newspaper's Correspondent September 25, 2018 GWADAR: Police have foiled a drug smuggling attempt and seized 300kg of hashish. They have also arrested a suspected drug smuggler. Police officers Abdul Rahim Lasi and Muhammad Ibrahim Muhammad Hasni disclosed this while briefing the media on Monday. They said acting on a tip-off about the smuggling attempt police personnel raided a house in Naiyaabad area of the port city and recovered 300kg of fine quality hashish. “The consignment of hashish was dumped in the house for its shipment to Middle East and European counties,” police officer Lasi claimed. He said a man identified as Muhammad Tufail present in the house at the time of the raid was taken into custody. Other drug smugglers had fled before the raid, he added. The officer said the seized hashish was worth millions of dollars in the international market.

Balochistan wants to form a new division of Gwadar and Lasbela

September 24, 2018   Zaheer Zarf The Balochistan government wants to form a new division with Gwadar and Lasbela.   Chief Minister Jam Kamal Khan had asked for suggestions from the government over the possibility. Gwadar is a part of Makran division, while Lasbela belongs to Kalat division. It was being speculated the chief minister will announce the formation of the division during his next visit to Gwadar. However, the plans have not gone down well with the opposition. National Party President Senator Hazil Bizenjo said that Gwadar is a historical part of the Makran division. “Separating Gwadar from Makran division will be akin to rejecting its history,” he remarked. He said that forming a division with Gwadar and Lasbela will be a hard task given the distance between the two districts. Both districts have their own historical significance, he said. The move will prove to be unjust for the people living there. Bizenjo said that this is not the first time such a suggestio

Cairo summit stresses new partnerships to reap full potential of CPEC and BRI

* Speakers says Suez Canal and Gwadar are set to emerge as mega sea ports with unprecedented trade volume passing through these in coming years Staff Report SEPTEMBER 25, 2018 Speakers at an international summit in Cairo Monday stressed the need to create new partnerships to reap the full potential of China-Pakistan Economic Corridor (CPEC) and the Belt & Road Initiative (BRI) launched by China in year 2013. The two-day ‘CPEC-BRI Cairo Dialogue and Trade Summit – Building Partnership for Trade Transformation’ organised by the South Asian Strategic Stability Institute (SASSI) was attended by ministers, senior government officials, major commercial entities, leading businessmen, investors, academicians, experts and policymakers from Pakistan and Egypt. While addressing the event on the opening day, SASSI President Dr Maria Sultan said Egypt is not only the gateway to Africa but is also set to become the gateway to emerging corridors of international trade. “We are heading towar

Change of mindset needed for better understanding of CPEC

By  ZAMIR AWAN SEPTEMBER 24, 2018 3:36 PM (UTC+8) 56 1 Before independence in 1947, Pakistan was a British colony. After independence Pakistan became a member of the Commonwealth of Nations. The long colonial years naturally made a considerable mark on our society in Pakistan. This influence was very vivid in our education, social etiquettes and other systems of life. Pakistan’s best minds and the elite were all going to the UK or other European countries for higher education. Pakistan’s major source of remittance was from the diaspora settled there. And back home, The Beatles vibe was hitting the airwaves. The dailyReport Must-reads from across Asia - directly to your inbox Then came the 1980s, and US funding began funneling through Pakistan under the umbrella of the Afghan war. America was far superior in terms of technology and standards of living than any other nation in the world. Billions of dollars were coming into Pakistan in the form of aid and foreign direct investment.

CPEC: India hits out at China, Pak

Mini Kumam ANI | Updated: Sep 24, 2018 23:19IST Geneva [Switzerland], Sept 24 (ANI): In a veiled reference to Beijing and Islamabad over the  China - Pakistan Economic Corridor ( CPEC ) initiative, New Delhi on Monday expressed concerns, saying that no country can accept a project that ignores its core concerns on sovereignty and territorial integrity. First Secretary Permanent Mission of  India  to the United Nations,  Mini Kumam , said that the international community is well aware of  India 's position. Speaking at the 39th UN Human Rights Council, Kumam said, " India shares international community's desire for enhancing physical connectivity and believes that it should bring greater economic benefits to all in an equitable and balanced manner. Regarding the so-called ' China - Pakistan  Economic Corridor', which is being projected as the flagship project of the Belt and Road Initiative, the international community is well aware of  India 's position.