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Showing posts from July 9, 2020

As China pushes for BRI, why Myanmar is coming close to India

Narendra Modi Aung San Suu Kyi Photograph:( AFP ) Jul 10, 2020, 12.38 AM (IST) China is taking a dangerous path in its attempts to make the Belt and Road Initiative (BRI) successful.  The dragon is forcing the projects down the throat of its partners and Myanmar is one such example, a country that now regrets its contract with Beijing.  Also read |  Will China's bad loan crisis lead to the collapse of its economy? The all-powerful generals of Myanmar have spoken out about their discontent over China forcing BRI projects on them.  Also read |  China's debt trap increases amid budget deficit, BRI roadblock   This is about the China-Myanmar Economic Corridor, something similar to CPEC between Beijing and Islamabad.  This project gives China access to the Bay of Bengal and the eastern part of the Indian Ocean.  Myanmar's national debt stands at $10 billion, out of which they owe $4 billion to China.  Reportedly, Myanmar has to pay China $500 million annually.  Naypyidaw has now

How Is China’s Belt and Road Changing Central Asia?

To what extent does the BRI lead to the expansion of China’s institutions and legal norms in Central Asia? By  Roza Nurgozhayeva July 09, 2020 Credit:  David Parker/CSIS ADVERTISEMENT Since the Belt and Road Initiative (BRI) was announced in 2013, China’s expanding economic, geopolitical, and business presence around the world demonstrates its eagerness to play a more significant role in the systems of international governance and law. Central Asia, and Kazakhstan, in particular, have strategic relevance to the BRI. Remarkably, the BRI was launched during Chinese President Xi Jinping’s September 2013 visit to Astana, highlighting Kazakhstan’s critical transit role in China’s pivot to Europe. For Central Asia, BRI projects look highly promising, allowing regional countries to increase connectivity, expand regional trade, and modernize their obsolete transport infrastructure. From China’s perspective, the BRI is the way to deliver public goods, promote global connectivity, and portray it

Pakistan’s CPEC obsession: Boon or Bane?

By   Yaqoob-ul Hassan  - July 9, 2020 Since its inception, the China-Pakistan Economic Corridor (CPEC) has evoked a lot of interest among the policymakers, analysts, and strategists around the world. While the ruling elite in Pakistan considers it a boon that would transform Pakistan’s future, many analysts have viewed it as a Chinese game-plan to turn Pakistan into a permanent colony, a rentier-cum-client state. Others in Pakistan have called it a debt trap and a neocolonial ploy. Senator Tahir Mashhadi, chairman of the Senate Standing Committee on Planning and Development of Pakistan, has termed CPEC as “another East India Company in the offing”. Some have also argued that despite the obsession with CPEC, the economic relations between Beijing and Islamabad would remain “low-profile” even though “closed, secretive” cooperation on sensitive security matters will continue”. The secrecy that shrouds the terms of reference, specifically involving the rate of interest and other conditiona