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Showing posts from June 19, 2019

China extends its reach into Central Asia

TRIVIUM CHINA China extends its reach into Central Asia On Monday, we highlighted that Chinese leaders are worried about what could happen in Afghanistan as America disengages from the region. According to the  Wall Street Journal ,  China has been taking steps to stabilize the region: “Seeking to buttress cross-border security and protect its regional economic investments, China in early 2017 committed $85 million to set up an Afghan-led army brigade in northeastern Badakhshan province, according to a June 2017 Pentagon report to Congress.” “In neighboring Tajikistan, China in 2015 or 2016 signed secret agreements with authorities that gave Beijing rights to refurbish or build up to 30 to 40 guard posts on the Tajik side of the country’s border with Afghanistan, a Tajik official said last year.” In Tajikistan, China is basically running the border: “Under the accords, Chinese border guards have replaced their Tajik counterparts along large swathes of the territory along the Tajik

China's caution about loosening cross-border capital flows

Fear of financial instability will continue to slow the liberalization of the capital account By  Max J. Zenglein  and  Maximilian Kärnfelt Download as PDF 1.14 MB Main findings and conclusions China is adjusting its management of cross-border capital flows in response to changing economic conditions . Increasing capital outflows and a shrinking current account surplus have spurred Beijing to adjust the ways in which capital can move in and out of the country. It has opened new investment channels for institutional investors and more sectors of the economy to investment by foreign companies. China will continue to closely manage its capital account to prevent financial crises . Despite moves towards integration with the global financial system, China’s leadership has no interest in complete liberalization, which it considers incompatible with the country’s economic system. In its view, rising debts and risks to financial stability make capital controls crucial to prevent capital f

Bangladesh and China power plant workers in deadly mass brawl

Image copyrightGETTY IMAGESImage captionMore than 1,000 police officers were needed to restore calm at the construction site Police in Bangladesh have broken up a fight between hundreds of Chinese and Bangladeshi workers at the site of a partly-built China-funded power plant. One Chinese worker was killed in the fighting in the southern district of Patuakhali, police told the BBC. Violence erupted after a Bangladeshi worker fell to his death, and local workers reportedly accused the Chinese of trying to cover up the incident. Police said more than 1,000 officers were needed to restore calm. Chinese firms have invested heavily in Bangladesh in recent years, funding bridges, roads and power plants. Correspondents say that in some areas, the large number of Chinese workers has led to tensions with local communities. Tales from the new Silk Road Italy joins China's New Silk Road China v the US: Not just a trade war Missionaries follow Beijing west About 6,000 workers - 2,000 o

Honor Killing in Balochistan

By: Sana Samad In Balochistan, women do not have rights of education, health care or any space in politicians, cultural, economic or social fields. Instead of that women are regularly facing discrimination, assault and murder in the name of honor killing. Due to this, Balochistan is the most backward province and is recorded top ranking in Pakistan in terms of maternal mortality, unemployment, and female illiteracy and gender disparities. The condition of women is getting more deteriorated in rural areas of Balochistan where the literacy rate of women is 2 percent which is too much less as compare to 26 percent for the province as whole. Instead of going backward, in last few decades the Makran division which consists of the Kech, Gwadar and Pangur districts where female’s literacy is growing high as compare to other cities of the province. The main reason of growing female literacy rate is Co-educational private schools where females are getting equal rights. These institutions ar

Gwadar City Master Plan to be finalized soon: Minister

Imaduddin June 19, 2019 ISLAMABAD: The Gwadar Smart Port City Master Plan is expected to be finalized soon which will be submitted to the Cabinet for its final approval, Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar said on Tuesday. He said that Gwadar port has the potential to improve socio-economic condition of people of the city and Balochistan at large which will connect the region’s land and maritime route thereby benefiting the entire region. Chairing a Steering Committee meeting on Gwadar Smart Port City Master Plan here, the minister underlined that Gwadar Master Plan is a major milestone towards achieving an inclusive and sustainable development of the coastal city. The Minister pointed out that rights of the local population will be protected and they will be facilitated in every possible manner enabling them to reap benefits from the development of Gwadar. He stressed that land price speculation also needs to be regulated. Chief Minister Baloc

SEZ under CPEC to make Punjab centre of trade

Jawwad Rizvi June 19, 2019 LAHORE: Faisalabad that has the largest industrial estate of almost 11 kilometres along the Lahore-Islamabad Motorway is getting a specialised economic zone named M-3 Allama Iqbal Industrial City under China-Pakistan Economic Corridor (CPEC) project. Mian Kashif, a renowned businessman of Faisalabad, who was recently appointed as Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) by the Prime Minister Imran Khan, discussed the future prospects of industrial development in the area. Q. What Faisalabad gets from CPEC? A. CPEC has provided Punjab a unique opportunity in promoting trade and investment in the region. Punjab has had four major CPEC projects; M-3 AII City is one of those. Geographical location of Punjab is vital for any future trade and economic activities across the region as it has been connecting all arteries in Pakistan as well CPEC routes. Thus, future trade will cross Punjab, irrespective of China or Indi