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Showing posts from March 12, 2019

German opposition to Italy’s belt and road deal with China ‘unfair’ says former diplomat

Berlin’s objections unfair, according to former Italian ambassador to ChinaAgreement with China partly due to frustration at lack of EU action in tackling trade deficits Topic |  Italy Stuart Lau    Published: 10:00pm, 12 Mar, 2019 Italy’s former ambassador to China has blasted an attempt by Germany and its “satellites” to stop Italy from joining China’s “Belt and Road Initiative” as unfair, saying that Berlin was happy to do business with Beijing “in every possible way”. Alberto Bradanini told the  South China Morning Post  on Sunday that Rome had decided to go ahead with the plan partly out of frustration at the lack of action by the European Union in tackling trade deficits with China. Italy wanted to take the matter into its own hands, he said, describing the decision by Italian Prime Minister Giuseppe Conte – who is to proceed with a framework deal during Chinese President Xi Jinping’s visit later this month – as “logical and normal” in eyeing deeper business ties with Ch

Italy breaks ranks with Europe on China's Belt and Road

Rome views the initiative as a way to reinvigorate its economy MANABU MORIMOTO and RINTARO HOSOKAWA, Nikkei staff writersMARCH 12, 2019 02:42 JST China can expand its access to the Mediterranean Sea by investing in Italian ports, such as this one in Palermo, through the Belt and Road Initiative.   © Reuters BRUSSELS/GENEVA -- Italy is considering joining China's Belt and Road infrastructure initiative, a move that risks stirring up divisions with other European Union members distrustful of Beijing's expansionist bent. Italy could agree to join the initiative when Chinese President Xi Jinping visits the nation for three days through March 24, a senior Italian government official said. Prime Minister Giuseppe Conte said Friday that he is open to the two sides signing a framework deal during Xi's trip. Conte also plans to attend a Belt and Road summit in China next month. "Italy's accession to a new Silk Route represents an opportunity for our country," sa

Chinese company to build schools in Gwadar using prefab technology

The Newspaper's Staff Correspondent Updated March 13, 2019 Balochistan CM Alyani and Li Kan agreed to use prefab technology initially for building new schools in Gwadar and Ziarat. .— Photo courtesy of HTA Design LLP QUETTA: The Balochistan government and Chinese company CMEC agreed to build new schools in Gwadar and Ziarat using prefabrication technology under a public-private partnership programme. The agreement was reached on Tuesday between the provincial government and the Chinese company after a meeting between Balochistan Chief Minister Jam Kamal Khan Alyani and CMEC General Manager Li Kan. During the meeting, the Chinese company’s leader briefed Mr Alyani on his company’s projects and said that his company had expertise in constructing homes and buildings through prefabrication technology in a short period of time besides having experience in agriculture production through minimum use of water. “ Because of shortage of water, Balochistan can shift its agriculture sec

Belt and Road controvesy: Italy signs up to Chinese cash as Europe, US worry about debt trap

MARCH 13, 201911:22am How the U.S. Is Countering China's Global Push Jamie Seidel News Corp Australia Network Roads. Railways. Ports. Power. Communications. What national government doesn’t want more money to provide such things? Cash-strapped Italy certainly does. Regarded as one of Europe’s ‘basket case’ economies threatening to destabilise the economic union, it’s now looking elsewhere for an easy source of funds. And Beijing’s Belt-and-Road initiative is ready to deliver. Italy has announced it will sign a memorandum of understanding with China to join the project seeking to link the economies of Asia, the Middle East and Europe, the Italian Undersecretary of Foreign Affairs said earlier this week. The signing will take place during a visit of Chinese President Xi Jinping to Rome on March 20, and will make Italy the first G7 nation to join the so-called “New Silk Road” project, Manlio Di Stefano told  La Stampa  daily. Xi Jinping “will meet the head of government a

Italy and the Belt & Road Initiative

 March 12, 2019 By   Tridivesh Singh Maini There has been a growing scepticism with regard to the Belt and Road Initiative (BRI) project in many quarters, due to the lack of transparency with regards to terms and conditions as well as the economic implications for countries which are part of the project. A report published by the Center for Global Development (CGD) Washington in April 2018 flagged  8 countries  (including Pakistan, Maldives, Laos and Djibouti where the level of debts are unsustainable. Apart from red flag raised by a number of researchers, the removal of Pro-China leadership in countries like Malaysia, Maldives and Sri Lanka has also resulted in the problems of the BRI project, and China’s economic dealings (which are clearly skewed in favour of Beijing) with other countries drawing more attention. The most vocal critic of China’s economic links has been by Malaysian Prime Minister Mahathir Mohamad. During a visit to China in August 2018,  Mahathir  not known t

Interview: Belt and Road Initiative beneficial to all parties involved, says German legal expert

Source: Xinhua |  2019-03-12 22:19:13 | by Xinhua writers Zhu Sheng, Lian Zhen MUNICH, March 12 (Xinhua) -- The Belt and Road Initiative is beneficial to all countries and regions involved, a renowned German legal expert told Xinhua. The initiative, which brings everybody together, is "really fantastic," said Thilo Ketterer, a public auditor and partner at the German professional service firm Roedl & Partner, in an exclusive interview. According to him, many projects relating to the Belt and Road Initiative will bring benefit to the participating countries and regions, because each infrastructure project will foster their own local development. "If we look at the projects in total, they will be beneficial both to China and receiving countries and regions," noted Ketterer, who is responsible for the company's business in East Asia. "So, I personally am still convinced that the Belt and Road Initiative is a win-win partnership," he said. When

Islamic finance important element to support China’s New Silk Road initiative

By Arno Maierbrugger/Gulf Times Correspondent /Bangkok Wednesday، 13 March 2019 12:27 AM Shariah-compliant financing plays a steadily growing role in China’s New Silk Road project, also known as Belt and Road Initiative, a mega-development plan for infrastructure and economic development currently involving more than 70 countries in Asia, the Middle East, Europe and Africa at a combined investment volume of up to $8tr until 2030. A particular economic corridor planned by the Chinese runs from Xinjiang, China’s autonomous Muslim province in the country’s northeast, across Central Asia to Western Asia and crosses a number of predominantly Muslim countries, namely Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran and Turkey and will be connected to Pakistan and the Gulf Cooperation Council (GCC) countries through a linkage. Another maritime corridor will connect Muslim countries in Southeast Asia, namely Malaysia and Indonesia, with other predominantly Muslim jurisdic

Why Pakistan's Army Is Interested In A Giant Balochistan Gold And Copper Mine

The Reko Diq mine has become a test case for Prime Minister Imran Khan’s ability to attract serious foreign investment to Pakistan. FAISAL MAHMOOD / REUTERSPakistani armed forces in tanks take part during the Pakistan Day military parade in Islamabad. ISLAMABAD —  Pakistan’s  military is taking a key role in the development of one of the world’s biggest untapped copper and  gold  deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.  The Reko Diq mine has become a test case for Prime Minister  Imran Khan’s  ability to attract serious foreign investment to Pakistan as it struggles to stave off an economic crisis that has forced it to seek an International Monetary Fund bailout. Ten current and former provincial and federal government officials and mining sources familiar with the project in the Balochistan region say the military has become the most important voice on the future

Pakistan to offer gas fields to foreign explorers, investors -official

Much of the mineral-rich Pakistan remains unexplored despite gas discoveries dating back to the 1950s. By Reuters | Mar 12, 2019, 10.11 AM IST Pakistan also plans to introduce measures that ensure auction rights are unaffected by government or policy changes. ISLAMABAD:  Pakistan  plans to offers dozens of  gas field  concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign  investors . Much of the mineral-rich South Asian nation remains unexplored despite gas discoveries dating back to the 1950s.  Conventional gas reserves  are estimated at 20 trillion cubic feet (tcf), or 560 billion cubic meters, and shale gas reserves, which are untouched, at more than 100 tcf. ADVERTISEMENT I taly's ENI and U.S. oil major Exxon Mobil are jointly drilling for gas offshore in Pakistan's Arabian Sea, but many other Western companies have not returned

Government fails to reduce growing unemployment in Balochistan 

By: Yousaf Ajab Baloch Quetta : Saeed Ahmed,28, was one of the toppers among National Testing Candidate’s for teaching posts in Union Council Chatkan of Panjgur district, in 2015. Allegedly he was refused to be posted as a teacher, due to the non-availability of vacant post at his UC. This did not happen only in district Panjgur, however, almost in all districts of Balochistan various toppers in UCs were refused to be given their rights to be appointed as a teacher. The denial to almost 332 candidates resulted in peaceful protests in all districts of Balochistan. The protests continued for more than twenty months in different districts of Balochistan and later they set a camp in front of Quetta Press club in 2018, demanding justice against merit. The nonviolent protest could not get attention of Balochistan government. It not only resulted hopelessness among the NTS pass candidates but Saeed Ahmed committed suicide by burning himself in Panjgur Bazar as a protest on 5th September 2

Balochistan: The Legend of Hani and Sheh Mureed, Symbol of Balochi Folklore

Mar 11, 2019 Hani and Sheh Mureed are to Balochistan what Romeo and Juliet’s tale is to the west. The story, dating back to the 15th century,  is a symbol of Balochistan’s philosophy, culture and story of love. The article below was published by  The Daily Times Hani and Sheh Mureed is the beloved epic ballad of Balochi folklore. This tale is to Balochistan what Romeo & Juliet is to the west. The story mirrors the life of the Baloch heroes and their emotions and philosophical ideas. The hero of the story Sheh Mureed and the heroine Hani are symbols of pure and tragic love. The story dates back to the 15th Century, which is considered to be the heroic age of Balochistan and the classical period of Balochi literature. Sheh Mureed was the son of Kahiri tribe chief Sheh Mubarak. At that time, when a man was known for his art, Mureed was famous as having mastered the art of swordsmanship, horsemanship and archery. For his skills and bravery, he was ranked the highest in the army o

Balochistan gets over 20,000 valuable artefacts back from Sindh

March 10, 2019   Noor Ul Arifeen Approximately 20,675 valuable artefacts have been returned to Balochistan from Sindh. These include artefacts that are thousands of years old. The artefacts had been in Sindh for over 40 years. The government of Balochistan’s petition to the government of Sindh to return these artefacts has been approved and the artefacts are back in Quetta. The provincial culture and health secretary, Zafar Ali Buledi, said that these artefacts will be displayed next year at the museum that will be constructed within Balochistan University. He said this will ensure that the valuable artefacts are protected and also give people a chance to learn more about them. Related: No more governor houses in Pakistan — instead we’ll have museums and parks He said that they were kept at Karachi’s National Museum in its exploration branch. They were brought back through the efforts of Balochistan Chief Minister Jam Kamal and Sports and Culture Minister Abdul Khaliq Hazara,

CACR: Weekly Report Two Session 

Weekly Report Two Session Edition I | 3.2.2019-3.8.2019 David Gitter, Julia Bowie, Nathanael Callan, Brock Erdahl, James Gannon, Ann Listerud, and Sandy Lu Highlights The annual plenary sessions of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC), referred to as the “Two Sessions,” began in Beijing this week.Xi Jinping and other Politburo Standing Committee Members heard the work report from the CPPCC National Committee at the opening meeting of the CPPCC, and then participated in deliberation sessions.At the NPC’s opening meeting, Xi and other Politburo Standing Committee members heard the government work report delivered by Li Keqiang and reviewed drafts of the State Council’s plan for economic and social development and central and local budgets. At the second meeting of the NPC, Li Zhanshu delivered the work report of the NPC Standing Committee and the Draft Foreign Investment Law was reviewed. 13th Chinese People’s Polit