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Showing posts from December 23, 2018

TRIVIUM CHINA: Analysis on Central Economic Work Conference

Saturday, December 22, 2018 HEARD IN BEIJING "[Our] achievements were hard won." - Central Economic Work Conference Readout Some context:  That sentence encapsulates the tone of the readout from this year's economic work conference, which concluded on Friday. It's a far cry from last year, when policymakers were touting their economy as the driving force behind global economic growth. More in the Tip Sheet below.  The Tip Sheet's achievements in 2018 have also been hard won. Help us achieve even more next year by telling everyone you know to subscribe. You can start by forwarding today's note to friends and colleagues who  can click here to subscribe . Happy Holidays, everybody! The Tip Sheet is off until January 7, 2019. We'll see you next year.  THE TIP SHEET DRIVING THE DAY 1. The Party talks economics China’s Central Economic Work Conference (CEWC)  came to a close on Friday. As promised, this is our recap of the key points. But first, a

China decides to rely on ‘larger scale’ tax cuts and home market to weather stormy 2019

China Economy Amid trade war with the United States, annual Central Economic Work Conference chaired by President Xi Jinping sets policy direction for next yearBeijing says it will implement proactive fiscal and prudent monetary policy Zhou Xin    Orange Wang    Sidney Leng    Updated: Friday, 21 Dec, 2018 11:25pm China’s top leadership has decided to rely on deeper tax cuts and larger fiscal spending to manage economic headwinds in 2019, according to the official Xinhua News Agency on Friday. The Xinhua summary contained the results of the key policy decisions from this week’s meeting of the Central Economic Work Conference (CEWC) in Beijing, a meeting of top Chinese officials chaired by President Xi Jinping. The Chinese leadership concluded after a three-day closed door gathering that there are both “risks” and “opportunities” from recent changes in the external environment – a veiled reference to growing trade tensions with the United States – stressing that China’s good d

China’s economy not on cliff edge

Source:Global Times Published: 2018/12/19 21:33:40 Data released from the National Bureau of Statistics on Friday was worse than expected. In particular, total retail sales of consumer goods went up 8.1 percent year-on-year in November. This is considered relatively low, compared to the previous rate.  Downward economic pressure is apparently increasing. But some people's pessimistic views are direr than the real situation. Some even claim that China's economy has only grown by a bit more than 1 percent or even gone through negative growth. Such remarks not only deny all the work of the National Bureau of Statistics, but also do not chime with international economic analysis.  Bad-mouthing China has spread and received popularity to some extent on the Chinese internet. This mirrors the pessimistic mood in society including dissatisfaction with the authorities' way of describing the economic status quo. This mood deserves close attention.  The Chinese economy is indeed

CHINA:  Party Watch Weekly Report

 Party Watch Weekly Report 2|10 12.8.2018-12.14.2018 By David Gitter, Julia Bowie, Brock Erdahl, and Sandy Lu The next Weekly Report will be published on January 7th, 2019. 40th Anniversary of Reform and Opening Up Celebration Ren Zhongping: The Common Undertaking of Hundreds of Millions: Commemorating the 40th Anniversary of Reform and Opening Up (Part II) People's Daily   12.17  The highly-authoritative  People’s Daily  pen name, Ren Zhongping (任仲平), standing for “important  People’s Daily  commentary” published Part II of its commentary on the 40th anniversary of Reform and Opening Up (see  last week’s  report for Part I). Xi Jinping was quoted as saying “reform will not stop, and opening will not stop. China will surely have a new and greater miracle that will impress the world,” and “the great rejuvenation of the Chinese nation will certainly be realized in the process of reform and opening up.” The commentary stated that these are “declarations and commitments of a p

How to travel the new, $800 billion Silk Road

A woman street vendor pushes her motorcycle along a highway after attending a market in Xian, China, on Aug. 2, 2016. MUST CREDIT: Bloomberg photo by Luke MacGregor. (Luke MacGregor / Bloomberg) By Wade ShepardBloomberg Thanks to more than a trillion dollars of prospective investment-led by China’s $800 billion Belt and Road Initiative linking countries stretching between East Asia and Europe, the Silk Road is rising again. The series of once-legendary pathways connecting cities, from Kashgar to Paro to Constantinople, which originated at the dawn of the common era and collapsed with the fall of the Mongol empire in the early 16th century, is now being reborn as a network of highways, railways, and airports linking 65 countries. Add improved safety and easier-to-access visas, and the bazaar-filled cities of Central Asia are more accessible than ever. For travelers, this means a wealth of new destinations to explore – some sprung from deserts overnight and others that have for t

Engine of growth: Trade turnover across China’s ‘One Belt, One Road’ exceeds $5 trillion since 2013

Published time: 23 Dec, 2018 08:04 © Global Look Press It’s been five years since Beijing announced the ambitious multi-trillion-dollar Belt and Road Initiative (BRI). Chinese companies have already built 82 economic and trade cooperation zones in 24 countries along the BRI routes. The project has created more than 240,000 jobs in BRI countries, according to China’s top diplomat Yang Jiechi. “Over the past five years, trade volume in goods between China and countries involved in the initiative exceeded $5 trillion, and direct investment stands at over $70 billion,” said Yang Jiechi, head of the office of Foreign Affairs of China’s Communist Party. ALSO ON RT.COMChina’s New Silk Road to significantly boost global trade He explained that under the framework of the initiative, over 11,000 freight trains are already running between China and Europe. They link nearly 100 cities across the region. Yang also said that construction of the China-Pakistan Economic Corridor has increased

No one is allowed to invest in the land of Baloch nation. Dr Allah Nizar

Baloch nationalist leader Dr Allah Nizar Baloch, in a video message from an undisclosed area of Balochistan said that for the last seven decades Panjab and Punjabi imperialists has kept its forceful occupation of Baloch land and ruthlessly plundered our national resources.  He addressed the civilized nations of the world appealed to play their to end Pakistani occupation of Balochistan and stop atrocities committed by Pakistani forces.  He said that "we Baloch, as an oppressed nation, appeal to you. For the last seven decades Panjab and Punjabi imperialists has kept its forceful occupation of Baloch land; ruthlessly plundered the national resources of Balochistan and threw the Baloch nation into an abyss of poverty and ignorance."  Dr Allah Nizar Baloch stated that now Chinese imperialism, it is no more Mao Zedong's China, for it (China) has expansionist ambitions; it (China), in collaboration with the Punjabi imperialists, constructed the Gwadar Port. Additionally,

Malnutrition serious health issue in Balochistan: experts

Web Desk  On  Dec 23, 2018 QUETTA: Malnutrition is a serious health issue in Balochistan, the experts observed in a seminar held under the aegis of the provincial health department, ARY News reported on Sunday. In last two years around 400,000 children were tested and 31,450 kids of them found to be suffering from undernourished, health experts told the seminar. The health department officials informed the gathering that 18,203 undernourished children were provided health facilities . Provincial Minister for Health Naseebullah Marri speaking on the occasion said that the government’s nutrition programme will be extended to the farflung areas of Balochistan. “If the issue of malnutrition will not be addressed properly, the situation will deteriorate to the extent of the situation in African countries,” the minister said. Deputy Speaker National Assembly Qaism Suri talking on the occasion said that the past governments didn’t spend much on the human development in Balochistan. “T

Balochistan accuses Sindh of stealing 40pc of water share

  Fawad Yousafzai December 24, 2018 Islamabad   -   Balochistan has once again lodged a complaint with IRSA blaming Sindh for stealing 40 percent of its water. READ MORE:  Kiyani says steps being taken out to improve facilities at hospital In a letter to Indus River System Authority (IRSA), Balochistan government has complained that the province is getting only 60 percent water of its share from the province of Sindh, official source told The Nation here Sunday. In response to Balochistan’s allegation, the water regulator has asked Sindh to address grievances of the affected province. Balochistan has accused Sindh of extracting more water than its allocation under the Water Apportionment Accord agreed among the provinces in 1991, leaving Balochistan in a disadvantageous position. Since 1991 to 2018, Balochistan got almost 50 per cent less water than its demand that resulted in losses of around Rs100 billion to the province, Balochistan has alleged, said the source. Meanwhile, an

Overseas Chinese federation eager to take part in CPEC

December 23, 2018 ISLAMABAD : A delegation of Overseas Chinese Federation of the Gansu Province visited the Islamabad Chamber of Commerce and Industry (ICCI) and showed interest to set up joint ventures (JVs) with Pakistani counterparts in the China Pakistan Economic Corridor (CPEC) project. The representatives of the Gansu Federation of Returned Overseas Chinese, Gansu Construction Investment Group Corporation, Nanya Trading International Import and Export (Pvt) Ltd., Overseas Chinese Association of Pakistan were also in the delegation. The delegation members said that 11 companies and over 800 citizens of Gansu Province were already working in Pakistan and more enterprises of Gansu Province were interested to explore JVs and investment in CPEC. They said CPEC was making good progress in Pakistan and China and added that it would bring benefits for both countries as well as for the region. They said the purpose of the delegation was to study the Pakistani market and explore b

Two more projects in CPEC to be approved for Sindh: CM

DECEMBER 24, 2018 KARACHI:  Sindh Chief Minister Syed Murad Ali Shah on Sunday said two more China-Pakistan Economic Corridor (CPEC)-related projects of socio-economic development and agriculture would be approved for Sindh. This he said while talking to the media after attending the convocation of Shaheed Zulfikar Ali Bhutto University of Law (SZABLU) at Korangi Campus. He was accompanied by his Adviser on Law Murtaz Wahab. Replying to a question, he said that the Joint Coordination Committee (JCC) was the highest forum of CPEC. He added that the CPEC authorities had included two more sectors, agriculture and socio-economic development in its projects list. “I presented two projects in the JCC and most probably they would be approved by the relevant Joint Working Group in its meeting to be held in March. Giving details of the projects, the chief minister said that he had presented a mega project of channelization of 180km of River Indus from Guddu Barrage to Sukkur Barrage. “It