MOVE 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.
ISLAMABAD: Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China Pakistan Economic Corridor (CPEC) project, said Secretary Water and Power, Mohammad Younis Dagha on Thursday.
Chinese diplomat’s comment comes after President Donald Trump promised an ‘America first’ policy
One Belt, One Road’ is China’s bid to create a new approach to economic development that could benefit all of Asia.
Writer: Umesh Pandey
Greater integration among Asean economies, coupled with China’s ambitious One Belt, One Road policy, could set the stage for China to undertake many projects to show the world that it has come of age as…
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Tehran (AFP) – The first train to connect China and Iran arrived in Tehran on Monday loaded with Chinese goods, reviving the ancient Silk Road, the Iranian railway company said.
The train, carrying 32 containers of commercial products from eastern Zhejiang province, took 14 days to make the 9,500-kilometre (5,900-mile) journey through Kazakstan and Turkmenistan.
“The arrival of this train in less than 14 days is unprecedented,” said the head of the Iranian railway company, Mohsen Pourseyed Aqayi.
“The revival of the Silk Road is crucial for the countries on its route,” he said at a ceremony at Tehran’s rail station attended by the ambassadors of China and Turkmenistan.
The journey was 30 days shorter than the sea voyage from Shanghai to the Iranian port of Bandar Abbas, according to Aqayi.
The railway will not stop in Tehran “as we are planning to extend the railway to Europe in future,” generating more income for Iran from passing trains, he added.
Read more » Yahoo News
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BEIJING: China and Pakistan today signed a $2 billion agreement to jointly build a massive coal- fired power station in Pakistan’s southern Sindh province.
See more » The Economic Times
Learn more » http://economictimes.indiatimes.com/news/international/business/china-pakistan-ink-2-billion-deal-to-build-power-plant-in-sindh/articleshow/50273768.cms?from=mdr
The International Monetary Fund (IMF) has announced that China’s currency, the yuan, will join the fund’s basket of reserve currencies.
Currently just the US dollar, the euro, the yen and the pound are in the group.
The IMF said the yuan “met all existing criteria” and should become part of the basket in October 2016.
The yuan will now make up part of the IMF’s Special Drawing Rights (SDR) – an asset created by the IMF which serves almost as a currency.
It is used for transactions between central banks and the IMF, and is used to decide the currency mix that countries like Greece, for example, receive when the IMF provides financial aid.
The last change made to the basket was in 2000, when the euro replaced the German mark and the franc.
Read more » BBC
See more » http://www.bbc.com/news/business-34957580
BY AMER SIAL
Gearing up its entry into the coastal city of Gwadar, China has informed Pakistan about converting Rs 23 billion loan for the Gwadar International Airport into a grant and making loan of Rs 13.5 billion for the Gwadar East Bay Expressway free from any interest.
Read more » Pakistan Today
NEW DELHI: China, Pakistan and Naxalites are a major source of worry for the Indian Air Force (IAF), Air Chief Marshal Arup Raha, India’s Chief of Air Staff, said here on Tuesday.
According to the Indian Express, he listed China’s growing influence in the Indian sub-continent as a major security challenge for New Delhi. Delivering the inaugural address at 12th Subroto Mukerjee Seminar at the Centre for Air Power Studies, ACM Raha said that Chinese growing influence was with a strategic aim in mind, and it was being factored in India’s foreign and defence policies.
“China has increased its economic and military ties with all our neighbours. Rapid infrastructure development is taking place in the TAR (Tibet Autonomous Region). World’s highest airfield at Daocheng Yading, highest railway line from Xiniang, Qinghai province to TAR capital, development of the Gwadar port and Economic corridor through PoK (Indian term for Azad Kashmir) and Pakistan, development of roads in TAR up to Indian border and increasing economic and military ties with Sri Lanka, Bangladesh, Nepal, Bhutan and Myanmar are all strategic moves by China to contain India,” ACM Raha said.
Highlighting Beijing’s other regional moves, he said that “China has been making sustained efforts to make its presence felt in the IOR (Indian Ocean Region), including dispatch of submarines in the name of piracy control, with a strange logic.”
According to the Express, he said: “Incidents of border standoff in the north, issuance of paper visa to the residents of Arunachal Pradesh (AP) and claiming of Aksai Chin and part of AP as part of China have diluted the agreement of five principles, Panchsheel signed way back in 1954.”
Noting that the rise of China, India and Asean has shifted the global economic centre of gravity and hence, the strategic centre of gravity to the Asia Pacific Region, ACM Raha said that India faced a unique challenge — it has the dual task of physical security of the borders and maintaining harmonious relations with its neighbours.
Talking about Pakistan, ACM Raha observed that the “support of the Pakistan Army to the militant organisations and continuous interference in the internal affairs of Jammu and Kashmir will remain a source of friction between the two countries.
“Despite the grim internal situation, Pakistan has managed to strike a balance in its relations with China and USA. It has steadily built up its nuclear and ballistic missile capability with covert assistance from China and North Korea while continuing to receive monetary support and conventional weapons and aircraft from both USA as well as China. Their gamble of ‘Running with Hares and Hunting with Hounds’, while proclaiming itself as a member of GWOT (Global War on Terror) is paying off handsomely due to various geo-political reasons,” he added.
Read more » DAWN
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By Binaj Gurubacharya / The Associated Press
KATHMANDU, Nepal – Fuel-starved Nepal has signed an agreement with China to import gasoline, diesel and cooking gas, effectively ending a monopoly on supply from India, which has restricted fuel convoys as a result of political protests in the Himalayan nation.
Read more » Time Colonist
SCO states may be able to use Pakistani ports
ISLAMABAD: Member countries of the Shanghai Cooperation Organisation — China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan — may be able to use Pakistani ports to get access to trade routes through the Arabian Sea once China-Pakistan Economic Corridor (CPEC) is completed and becomes operational.
Speaking at the Economic and Trade Ministers meeting of Shanghai Cooperation Organisation (SCO) in Xian, the capital of China’s Shaanxi province on Wednesday, Commerce Minister Khurram Dastagir Khan said that Pakistan’s trade strategy focuses on developing linkages with our neighbours, leveraging our geographical location and capitalising on regional connectivity initiatives.
Pakistan has an observer status at the SCO and is scheduled to become full member state in January 2016 which will provide new impetus to Pakistan’s relations with member states.
Read more » DAWN
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Karachi – Work on twenty-four hundred megawatt coal based power plant is underway at Thar Coal Field at a cost of two billion dollars. Our Karachi correspondent Altaf Pirzado reports that the project is a joint venture of Sindh Engro Coal Company and the Sindh government and has also been brought under the umbrella of Pak-China economic corridor. The project is expected to become operational by 2017.
Read more » Radio Pakistan
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Running out of room
ALEXIS TSIPRAS, the Greek prime minister, and his radical Syriza party are beginning to feel the heat. Two months of bluster by Greece’s first left-wing government have failed to produce the results it wanted. Those include an injection of fresh cash from the country’s current €172 billion ($185 billion) bail-out programme, and a new deal with the European Union and the International Monetary Fund (IMF) that would allow Athens, not its creditors, to decide on future economic reforms.
Greece’s eurozone partners are still waiting for Athens to come up with details, promised two weeks ago, on the country’s deteriorating public finances. Mr Tsipras has promised Greek voters that Syriza has banned the hated “troika” of bail-out monitors (from the European Commission, the IMF and the European Central Bank) from Athens. To protect that political narrative, a team of mid-level officials from the three institutions sits ensconced in a four-star Athens hotel, gathering information by exchanging e-mails with their finance ministry counterparts. The ministry itself is strictly off-limits. “This system works quite well,” claims Dimitris Mardas, the budget minister. The visitors disagree, complaining about delays and inaccurate replies that could be avoided if they were allowed to meet Greek colleagues face-to-face.
KARACHI: The Sindh education department on Tuesday signed a memorandum of understanding (MoU) with the Chinese education department of Sichuan province of China for their cooperation in teaching the Chinese language in schools of Sindh.
The ceremony was held in the committee room of the Sindh Assembly and the MoU was signed by Sindh Education Secretary Dr Fazalullah Pechucho and Liu Dong, vice director general of the education department of China. Sindh Senior Minister for Education Nisar Ahmed Khuhro, Consul General of China Ma Yaou and other officials also attended the ceremony.
According to the MoU, the teaching of Chinese would be made compulsory from class six onwards in all schools of Sindh within three years. Students learning the language will get extra marks, scholarships and foreign visit opportunities for education and skills training in China for those students who would pass Chinese as a subject till matriculation and higher classes.
Take a look: Sindh to teach Chinese language in schools from 2013
Education Minister Nisar Khuhro said that making the teaching of Chinese compulsory was aimed at promoting Chinese language and culture in Pakistan as “we have over the years maintained long-lasting culture and economic relations in China”.
BEIJING (Reuters) – The Islamic State has killed three Chinese militants who joined its ranks in Syria and Iraq and later attempted to flee, a Chinese state-run newspaper said, the latest account of fighters from China embroiled in the Middle East conflict.
China has expressed concern about the rise of the Islamic State, nervous about the effect it could have on its Xinjiang region, which borders Pakistan and Afghanistan.
But Beijing has also shown no sign of wanting to take part in the U.S.-led coalition’s efforts to use military force against the militant group.
Around 300 Chinese extremists were fighting with the Islamic State after traveling to Turkey, the Global Times, a tabloid run by China’s ruling Communist Party’s official newspaper, said in December.
The paper on Thursday cited an unnamed Kurdish security official as saying that a Chinese man was “arrested, tried and shot dead” in Syria in late September by the Islamic State after he became disillusioned with jihad and attempted to return to Turkey to attend university.
“Another two Chinese militants were beheaded in late December in Iraq, along with 11 others from six countries. The Islamic State charged them with treason and accused them of trying to escape,” the official said, according to the paper.
Islamic State, which has seized parts of northern and eastern Syria as well as northern and western Iraq, has killed hundreds off the battlefield since the end of June, when it declared a caliphate.
Chinese officials blame separatists from the East Turkestan Islamic Movement (ETIM) for carrying out attacks in Xinjiang, home to the Muslim Uighur people. But they are vague about how many people from China are fighting in the Middle East.
Foreign Ministry spokesman Hong Lei did not comment on the report at a regular press briefing, but said China was opposed to “all forms of terrorism”.
“China is willing to work with the international community to combat terrorist forces, including ETIM, and safeguard global peace, security and stability,” Hong said.
Human rights advocates say economic marginalization of Uighurs and curbs on their culture and religion are the main causes of ethnic violence in Xinjiang and around China that has killed hundreds of people in recent years. China denies these assertions.
China has criticized the Turkish government for offering shelter to Uighur refugees who have fled through southeast Asia, saying it creates a global security risk.
(Reporting by Michael Martina and Sui-Lee Wee; Editing by Clarence Fernandez)
Read more » http://news.yahoo.com/islamic-state-executes-three-chinese-militants-china-paper-083953180.html?soc_src=mediacontentstory&soc_trk=tw
NEW DELHI: China and Russia decided on Monday to back the Comprehensive Convention on International Terrorism (CCIT) — a resolution supported by India and heavily biased against Pakistan.
At a meeting of Russia-India-China (RIC) in Beijing, Indian External Affairs Minister Sushma Swaraj said her counterparts from the two countries understood the need for endorsing the resolution that has been pending at the UN for nearly two decades and seeks to widen the existing definition of terrorism.
The CCIT was proposed by India in 1996 in lieu of Pakistan allegedly backing Kashmiri separatists.
In Tuesday’s meeting, the RIC communiqué vouched to oppose terrorism of all forms and called all countries to join efforts in combating terrorism together with the United Nations.
Speaking at a press conference after the RIC meeting, Swaraj told reporters: “Our discussions on terrorism brought consensus on two issues. Firstly, there can be no ideological, religious, political, racial or any other justification for the acts of terrorism and secondly the need to bring to justice perpetrators, organizers, financiers and sponsors of these acts of terror.”
Swaraj added that the ministers emphasized the need to step up information gathering and sharing and prevent the use of the Internet and other information and communication technologies (ICTs) for the purposes of recruitment and incitement to commit terrorist acts.
News courtesy » The Express Tribune
Read more » http://tribune.com.pk/story/832183/china-russia-back-india-on-un-terror-resolution-targeting-pakistan/
Prime Minister Narendra Modi will visit China in May, Indian Foreign Minister Sushma Swaraj has announced during a three-day visit to Beijing.
China is one of India’s top trading partners but they vie for regional influence and dispute their border.
The announcement comes after US President Barack Obama’s landmark visit to India last week.
India and the US share an interest in curbing China’s growing regional influence.
During Mr Obama’s landmark visit he and Mr Modi signed the “Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region” pledging to work together to keep freedom of navigation, maritime security and air space safe, especially in the South China Sea.
Correspondents say it was the first time India and the US had come together openly to say that they do not want Asia to be dominated by one power.
“Mr Modi is going to come in May. I will give them dates today. This is a preparatory visit,” Ms Swaraj told reporters in Beijing, according to the Press Trust of India news agency.
Chinese President Xi Jinping is expected to take Mr Modi to his home province of Shaanxi, reports say.
Mr Xi visited India in September. The two sides signed 12 agreements during his visit.
Read more » BBC
Learn more » http://www.bbc.com/news/world-asia-india-31087807
KOLKATA: Describing himself as a Marxist, Tibetan spiritual leader the Dalai Lama on Tuesday said many Marxist leaders have now become capitalists in thinking.
“As far as social-economic theory is concerned, I am still a Marxist,” the spiritual leader said adding that he admires Marxism because of its focus on reducing gap between the rich and the poor.
“Many Marxist leaders are now capitalists in their thinking. It depends on their motivation, thinking, wider perspective,” the spiritual leader said during a lecture on world peace in Presidency University.
“In capitalist countries, there is an increasing gap between the rich and the poor. In Marxism, there is emphasis on equal distribution. That is very crucial to me,” he said.
He blamed discrimination against women and those from low-castes for hampering peace in India, but said, “Muslims in India are living more safely than the Shias of Pakistan.”
The Dalai Lama greets the audience as he arrives to speak on “A Human Approach to World Peace” at Presidency Univeristy in Kolkata, on January 13, 2015.
China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister.
“Russia has the capability and the wisdom to overcome the existing hardship in the economic situation,” Foreign Minister Wang Yi told journalists, China Daily reported Monday. “If the Russian side needs it, we will provide necessary assistance within our capacity.”
The offer of help comes as Russians are still recovering from the shock of the ruble’s worst crash in years last Tuesday, when it lost over 20 percent against the US dollar and the euro. The Russian currency bounced back the next day, but it still has lost almost half of its value since March.
Read more » RT
Learn more » http://rt.com/news/216563-china-russia-economic-hardships/
China has reportedly conducted a third flight test for its new ultra-high speed strike vehicle – capable of travelling at up to eight times the speed of sound, in what experts suspect is part of the development of its strategic nuclear program.
Read more » RT
Learn more » http://rt.com/news/211575-china-hypersonic-missile-test/
China continues to ramp up its space activities, which include a new launch complex, more powerful boosters and the construction of a large space station, as well as plans for complex robotic missions to the moon and Mars.
For example, China’s “little fly” spacecraft looped around the moonand returned to Earth Nov. 1 (Beijing time) after eight days of flight, parachuting safely down in northern China’s Inner Mongolia.
The capsule used seven kinds of thermal protection materials, returning data that will be applied to China’s Chang’e 5 robotic lunar sample return mission, which is slated to launch in 2017 from the new Wenchang Satellite Launch Center. [Greatest Moon Missions of All Time]
Read more » http://www.space.com/27893-china-space-program-moon-mars.html?adbid=10152483784056466&adbpl=fb&adbpr=17610706465&cmpid=514630_20141203_36643077
Move over Trans-Siberian: China launches ‘world’s longest’ train route
The 82-wagon cargo train is expected to take 21 days to travel 6,200 miles, passing through six countries between China and Spain.
Dubbed Yixinou, the train left Yiwu, an industrial center less than 200 miles south of Shanghai, on Tuesday and is expected to reach Madrid in December after traversing Kazakhstan, Russia, Belarus, Poland, Germany, and France, reports the Local.se.
Read more » RT
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White House calls on China to halt cyber espionage
China’s military upstaged the Asian economic summit in Beijing this week by conducting flights tests of a new stealth jet prototype, as the White House called on Beijing to halt its cyber attacks.
Demonstration flights by the new J-31 fighter jet—China’s second new radar-evading warplane—were a key feature at a major arms show in Zhuhai, located near Macau, on Monday.
The J-31 flights coincided with President Obama’s visit to Beijing for the Asia-Pacific Economic Cooperation summit meeting. In a speech and meetings with Chinese leaders, Obama called on China to curtail cyber theft of trade secrets.
China obtained secrets from the F-35 Joint Strike Fighter through cyber attacks against a subcontractor for Lockheed Martin. The technology has shown up in China’s first stealth jet, the J-20, and in the J-31. Both of the jets’ design features and equipment are similar to those of the F-35.
The Chinese warplanes are part of a major buildup of air power by China that includes the two new stealth fighters, development of a new strategic bomber, purchase of Russian Su-35 jets, and development of advanced air defense missile systems. China also is building up its conventional and nuclear missile forces.
President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.
Russia’s so-called “western” or “Altay” route would supply 30 billion cubic meters (bcm) of gas a year to China.
The new supply line comes in addition to the “eastern” route, through the “Power of Siberia” pipeline, which will annually deliver 38 bcm of gas to China. Work on that pipeline route has already begun after a $400 billion deal was clinched in May.
“After we have launched supplies via the “western route,” the volume of gas deliveries to China can exceed the current volumes of export to Europe,” Gazprom CEO Aleksey Miller told reporters, commenting on the deal.
Speaking to journalists on the eve of his visit to Beijing, Putin was optimistic about prospects for the new gas deal with China.
“We have reached an understanding in principle concerning the opening of the western route,” Putin said. “We have already agreed on many technical and commercial aspects of this project, laying a good basis for reaching final arrangements.”
The “western” route deal is one of the 17 agreements signed at the Sunday meeting between Putin and Xi.
Pakistan, China sign 19 agreements, MoUs relating to China-Pakistan Economic Corridor and electricity generation New pacts pave way for Chinese state-owned companies to help build at least four new power stations in Pakistan Chinese president, PM Sharif say Pakistan-China are ‘iron friends’, aim to create green channel for release of funds for development projects in Pakistan PM assures crackdown on terrorist forces such as the East Turkistan Islamic Movement and maintaining regional stability China on Saturday promised Pakistan investments worth $42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west. Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and memorandums mostly centred on the energy sector as he met Chinese President Xi Jinping at the Great Hall of the People during his three-day visit to Beijing to discuss bilateral relations and the regional situation in Beijing.
China has developed and successfully tested a highly accurate laser defense system against light drones. The homemade machine boasts a two-kilometer range and can down “various small aircraft” within five seconds of locating its target.
Beijing has launched the $100 billion Asia Infrastructure Investment Bank (AIIB). Australia, Indonesia and South Korea were absent following hidden pressure from Washington concerned about the new challenge to the World Bank and Asian Development Bank.
Read more »RT
Learn more » http://rt.com/business/198928-china-world-bank-rival/
India has unveiled plans to build a mountain road along the disputed border with China in the country’s remote north-east.
The $6.5bn (£4.06bn), 1,800km (1,118 miles) all-weather road will stretch from Tawang in Arunachal Pradesh state to where the borders of India and China meet with Myanmar.
The road will connect sparsely populated and poorly-connected hill communities living in four large frontier districts of Arunachal Pradesh.
It will also help farmers in the mountainous region to transport their organic crops and medicinal herbs to low-lying and busy markets in neighbouring Assam state.
“This road will not boost our defences but help connect far flung communities for economic development denied to them for so long,” says India’s junior home minister Khiren Rijiju, himself a resident of Arunachal Pradesh.
But Indian military officials say the road will help consolidate Indian defences.
This represents a change in Indian military thinking that has so far opposed developing roads near the border, in case it is used by the Chinese during a conflict for speedy movement inside Indian territory.
The road, however, could could ignite fresh tensions between India and China.
The world’s two most populous countries disagree over the demarcation of several Himalayan border areas and fought a brief war in 1962.
China’s foreign minister made it clear Beijing would not allow other countries to meddle into its ‘internal affairs’, responding in this way to US Secretary of State’s call for Beijing to grant Hong Kong the “highest possible degree of autonomy.”
The American and the Chinese heads of foreign offices exchanged their views on the massive protests in Hong Kong before their talks at the US State Department on Wednesday.
“Hong Kong affairs are China’s internal affairs,” Chinese Foreign Minister Wang Yi said. “All countries should respect China’s sovereignty. And this is also a basic principle governing international relations. I believe for any country, for any society, no one will allow those illegal acts that violate public order.”
Wang added he believed the current Hong Kong leadership was able to handle the large-scale sit-ins by itself.
Read more » http://rt.com/news/192404-china-us-internal-affairs/