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Showing posts from December 15, 2020

Belt and Road Weekly Investor Intelligence

 December 15, 2020 Posted by China Briefing Tuesday, December 15, 2020   Africa’s US$3.4 trillion free trade agreement, the first Eurasian Congress, a Kyrgyzstan Railway? Plus Uzbekistan joining the Eurasian Economic Union, China’s Air Silk Road, and how non-Chinese companies can take advantage of Belt and Road infrastructure build.      Welcome to this week’s issue of China Briefing’s Belt & Road Initiative Weekly Investor Intelligence. The world’s biggest free trade zone since the formation of the WTO is about to kick in with the African Continental FTA, and we look at the global impact it will have. We discuss how non-Chinese businesses can take advantage of the BRI infrastructure build, visit the First Eurasian Congress, a pan-Eurasian event held by the Eurasian Development Bank, examine the potential for a railway through Kyrgyzstan, and look at what Uzbekistan’s joining the Eurasian Economic Union signals. Plus snarky comments about China’s ‘Singles Day’.      The African Con

China to become sole major economy with growth

China says its economy will face challenges in 2021 due to the pandemic and uncertain global economic recovery By  NADEEM XU DECEMBER 15, 2020 Ningbo Port, one of China’s largest sea terminals. More than two million containers passed through the port in October. Photo: Xinhua China could become the only country to achieve economic growth among all the other major economies this year as its production and consumption has been growing gradually and steadily in the fourth quarter of 2020. The year-on-year economic growth in the fourth quarter could be higher than that of 4.9% in the third quarter, Fu Linghui, a spokesperson of the National Bureau of Statistics, said Tuesday. China’s economy kept up a steady recovery in November, with major economic indicators such as growth in consumption and investment rallying to the best levels of the year, according to the NBS. Retail sales grew 5% in November on a yearly basis, up from 4.3% the previous month and marking the highest level of the year

‘Chinese Colony’ In CPEC-Hub Gwadar Draws The Ire Of People In Balochistan, Pakistan

Published   3 hours ago   on   December 15, 2020 By   Aakriti Sharm a People in Pakistan’s Balochistan are enraged as the authorities have started fencing the port city of Gwadar in the southwestern province to protect China-Pakistan Economic Corridor (CPEC) projects from insurgent attacks. Pakistan Aims To Win Heart, Mind & Conscience In Balochistan As PM Khan Pledges ‘Development’ Media reports suggest the government has plans to fence off the 24 sq km of the city surrounding the deep seaport, built and operated by China. Following a large number of attacks from Baloch militants and China’s concerns about investing in the region, the authorities initiated a ‘Gwadar safe city’ plan. Gwadar Port in southwestern Province of Balochistan in Pakistan. There will only be two entry points to the fenced part of the city; the residents would require a pass to enter or exit the protected part while more than 500 high-definition cameras will be installed for surveillance. However, the China-

Call for review of decision on Gwadar fencing

THE NEWSPAPER'S STAFF CORRESPONDENT QUETTA: A member of the National Assembly from Gwadar-Lasbela, Moham­mad Aslam Bhootani, has exp­ressed reservation over the decision for fencing of Gwadar in the name of security, pointing out that the move will create doubts in the minds of locals. Mr Bhootani said that as an elected parliamentarian from Gwadar, he would take up the issue concerning the people of the port city with the top political and military leadership. He expressed these view while talking to journalists at his residence on Monday. The lawmaker said the people of his constituency had serious concern over the government decision to erect fence around the port city. “It is a need of the hour to make Gwadar a business-friendly port city for purpose of investment and economic progress instead of converting it into a security zone,” Mr Bhootani said. He was of the opinion that the fencing of Gwadar would add to the sense of fear among business community who would hesitate to co