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Showing posts from May 2, 2021

What Does China’s Changing Belt And Road Initiative Mean For Central Asian Economies? – Analysis

China's Silk Road OBOR (One Road One Belt) project   May 3, 2021     Joel Ruet*   0 Comments By  Joel Ruet* With leaders planning their routes to post-Covid-19 recovery, all countries are weighing up the measures needed to return to stability and growth.  In the US, Biden’s $1.9 trillion relief plan has placed stimulus front and centre.  When it comes to China, many eyes have been on the Belt and Road Initiative (BRI), the country’s vast global infrastructure strategy launched in 2013. For those in the West who view BRI as hostile and expansionist, designed to entrap neighbouring countries in debt, any slowdown of the initiative is a welcome development.  Countries which looked set to benefit from investment will be hoping that BRI continues at pace.  What is clear is that the BRI did not escape Covid-19. In June last year, Wang Xiaolong, a senior official of the Foreign Affairs Ministry, warned that 20% of all BRI projects had been  “seriously affected”  by Covid-19, while a furth

Cracks appear in China’s new silk road

Published:  May 03,2021 07:15 AM by Thomas Kohlmann   eAustralian government may have only halted a couple of small joint-infrastructure projects with China, but the response from Beijing to the decision was one of rage and threats. The Chinese embassy in Canberra called the halt “unreasonable and provocative” and vowed revenge. Chennai:   Canberra stepped in last year to pass a law that allows the federal government to overrule agreements made by Australian states with foreign countries. The decision followed deals signed by the state of Victoria in 2018 and 2019 to cooperate with China’s Belt and Road Initiative (BRI) — often dubbed the New Silk Road — a massive infrastructure plan that aims to smooth trade links with dozens of countries. Foreign Minister Marise Payne said the deals were incompatible with Australia’s foreign policy and were not legally binding. The cancellation could also mean an end to further Sino-Australian cooperation in the fields of industrial production, biote

West and allies relaunch push for own version of China’s Belt and Road

West and allies relaunch push for own version of China’s Belt and Road   A brand new undersea fibre optic knowledge cable spanning the ocean between southern Europe and Latin America is because of come on-line this month — and the timing might hardly be extra apposite. The €150m EllaLink venture is backed by public lenders together with the European Funding Financial institution. It’s going to go stay simply because the EU and its allies renew a push for co-operation on worldwide infrastructure tasks to counter China’s Belt and Highway Initiative, underneath which Beijing has prolonged its affect throughout the globe. The goal is to spice up collaboration between the EU and its companions — together with Japan, the US and India — and help high-quality tasks in low and middle-income nations. The theme is anticipated to loom giant on the agenda at EU and G7 summits in Could and June. The EU and its companions will try to offer the drive the heft it has to this point lacked, with Biden as

Eastbay Expressway Gwadar to be completed in October: Asim Bajwa

      May 02, 2021 File Photo Chairman China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa has said the work on the Eastbay Expressway Gwadar project is in final stage and it would be completed by October this year. In a tweet, he said the 14.5 kilometers offshore expressway has already been completed while the remaining 4.5 KM onshore road is under construction and 92 percent of work has been completed. Chairman CPEC Authority said the Expressway will connect the port with the second phase of the Free Trade Zone which will facilitate the business climate of the zone and the port alike. #CPEC : Eastbay Expressway Gwadar: 19km (14.5 offshore completed & 4.5 onshore under construction. 2000 direct jobs. Progress-92%. Completion Oct 2021. #CPECMakingProgress   #PakistanMovingForward — Asim Saleem Bajwa (@AsimSBajwa)  May 2, 2021

Pakistan PM Imran Khan asks Balochistan governor to resign

Imran Khan Photograph:( AFP ) May 02, 2021, 05.18 PM (IST) Pakistan Prime Minister Imran Khan has asked Balochistan Governor Amanullah Khan Yasinzai to resign saying that he wanted to appoint a new governor. In a letter to Yasinzai, Imran Khan maintained that it was a "pleasure" to work with him. However, the letter states that "dexterity and deftness" was required given the "current political situation". It quickly adds that the PM's decision was in no way a bad reflection on the governor's "competence" Here is Imran Khan's full letter Balochistan, the largest province of Pakistan has vital Chinese interests. Many major projects to be developed under China-Pakistan Economic Corridor (CPEC) are in Balochistan. The region has long resented Pakistani rule and there are even armed groups carrying out operations against Pakistani forces. The heavy Chinese involvement in the province has exacerbated the resentment in the local population.