Category Archives: Business

One belt One Road – China makes Pakistan an offer it cannot refuse

150418125359_china_pak_visit1_624x351_afpMOVE OVER, DUBAI. Some day soon, cruise ships will disgorge frolicking pensioners not by the palm-fringed Persian Gulf but on the balmy Pakistan Riviera. From the muddy delta of the Indus to the barren Baloch coast, a twinkling constellation of attractions is set to rise: luxury hotels, water parks, golf courses, health spas, yacht harbours, night clubs, the works. To top it all, this “vacation product” will be developed in such a way that “Islamic culture, historical culture, folk culture and marine culture shall all be integrated.”

Read more >> The Economist
See more >> https://www.economist.com/news/special-report/21725101-leg-up-all-weather-friend-china-makes-pakistan-offer-it-cannot-refuse

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UK ‘needs Chinese investment’, ambassador says

Liu Xiaoming was speaking on BBC1’s Andrew Marr Show the day before the start of President Xi Jinping’s state visit to the UK.

He said the expected deal to build a new nuclear power plant at Hinkley Point was “in the best interests of Britain and also in the interest of partnership between China and UK”.

“UK people want to have a better life, want to have clean energy,” he said.

President Xi told the Reuters news agency: “The UK has stated that it will be the Western country that is most open to China. This is a visionary and strategic choice that fully meets Britain’s own long-term interest.”

Read more » BBC
See more » http://www.bbc.com/news/business-34566652