Belt and Road Forum

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3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed​

• National Development and Reform Commission of China has proposed to sign MoUs during caretaker PM's visit to Beijing

Mushtaq Ghumman
October 4, 2023

ISLAMABAD: Pakistan and China are likely to sign over two dozen pacts at the third Belt and Road Forum (BRF) on October 17-18, 2023 in Beijing, to be attended by the caretaker Prime Minister, Anwaar-ul-Haq Kakar, well informed sources in Ministry of Planning, Development and Special Initiatives told Business Recorder.

According to Chinese embassy, National Development and Reform Commission of China (NDRC) has proposed to sign MoUs with relevant authorities in Pakistan during caretaker Prime Minister Anwaar-ul-Haq Kakar’s visit to China to attend the forum covering eight areas: Urban Sustainable Development, major Issues of the Belt and Road Cooperation Mineral Development and Industrial Cooperation, Research of the Routes for Industrial Cooperation, Expert Exchange Mechanism, Expert Communication Mechanism on Gwadar port Development, Green and Low-carbon Development, and Digital Economy Cooperation.

Meanwhile, Pakistan’s Mission in Beijing has shared a list of 19 MoUs which are expected to be signed/ announced during the visit of caretaker Prime Minister.

Sharing details on Main Railway Line-1 of Ministry of Railways, the sources said, Pakistan has revised the scope of the project and its associated financial study has not been finalised by the Pakistan side. Addendum to the Framework Agreement ML-1 project firming up design and scope can be signed at the 3rd BRF.

On Karachi Circular Railway (KCR), a project of Economic Affairs Division, the sources said, revised feasibility study on KCR has been shared with the Chinese side. Pakistani side is keen on signing the Framework Agreement at the 3rd BRF.

Talking about realignment of KKH (Thakot-Raikot), a project of Ministry of Communication, the sources said that the project has remained under discussion at JWG-TI. Construction of dams alongside KKH has submerged portion of the KKH. The situation necessitates an announcement of this project at the 3rd BRF.

Ministry of Communications has shared MoUs with the Ministry of Transport of China on the feasibility study of D I Khan- Zhob Road Project, and feasibility study of Mirpur-Muzaffarabad-Mansehra road, the feasibility study of Babusar tunnel and feasibility study of Karachi-Hyderabad Motorway (M-9).

These projects were discussed at the 10th JWG-TI on September 26, 2023. Pakistan is keen on signing the MoU at the 3rd BRF.

MoU on Advanced Metering Infrastructure (AMI) - Power Division: It has been approved by the Cabinet and shared with National Energy Administration of China. Pakistan is keen on signing the MoU at the 3rd BRF.

Power Division is also interested in signing the MoU on identification of potential sites for pump-storage hydropower project.

China has shared draft MoU on development of renewable energy projects in Pakistan on September 26, 2023. Pakistan is reviewing the proposal.

1320-MW Thar Block-1(Shanghai) - Power Division: There is announcement of financial closure from financial institutions. All formalities from the Pakistani side have already been completed. Response from the Chinese side is awaited. Pakistan side is keen on announcing the project at the 3rd BRF.

On 300-MW coal project Gwadar, the source said, there is announcement of financial closure from financial institutions. All formalities from the Pakistan side have already been completed. Both sides made substantive progress.

3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed

National Development and Reform Commission of China has proposed to sign MoUs during caretaker PM's visit to Beijing

www.brecorder.com

 

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PM Kakar to attend Belt and Road Initiative forum in China next week​

• The premier will hold a bilateral meeting with Chinese President Xi Jinping

BR
October 12, 2023

Caretaker Prime Minister Anwaar-ul-Haq Kakar will attend a Belt and Road Initiative (BRI) forum scheduled to be held in Beijing from Oct. 17-18, Pakistan’s foreign office spokesperson said on Thursday.

The Third Belt and Road Forum for International Cooperation will be held under the theme: ‘High-quality Belt and Road Cooperation: Together for Common Development and Prosperity.’

With representatives from many developing countries, notably Latin America and Africa, expected to attend, the conference marks the 10th anniversary of the Belt and Road Initiative (BRI) spearheaded by Xi.

According to the spokeswoman, PM Kakar will also hold a bilateral meeting with President Xi Jinping, key Chinese officials, and other leaders present at the Belt and Road Forum.

The premier will emphasise the major accomplishments and upcoming goals of CPEC in his engagements and underline Pakistan's steadfast commitment to working with other countries to advance its high-quality growth.

According to the foreign office, the prime minister will also meet with influential Chinese businesspeople to boost bilateral trade and investment.

He will also visit Urumqi and meet with businesses and government leaders there to strengthen commercial, investment, and personal ties.

The visit comes in the backdrop of the ongoing celebrations marking the ten years of the China-Pakistan Economic Corridor flagship project of the Belt and Road initiative.

The BRI is a plan for global infrastructure and energy networks that China launched a decade ago to connect Asia with Africa and Europe through land and maritime routes.

 

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PM Kakar leaves for China to attend 3rd Belt and Road forum​

Will meet President Xi Jinping, top Chinese leadership and leaders of other countries attending the forum.

 

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Renewing China’s Belt and Road Initiative potential for growth​

The govt must focus on fast-tracking the completion of the industrial estates to attract Chinese companies.

China says the multi-trillion-dollar transnational Belt and Road Initiative (BRI) global cooperation platform will become “more open” as it marks 10 years of the project by holding the third Belt and Road Forum for International Cooperation (BRF) in Beijing from tomorrow.

“Continuing from this new starting point, BRI will demonstrate greater creativity and vitality, become more open and inclusive, and generate new opportunities for both China and the rest of the world,” says the white paper China’s State Council Information Office released last week.

The document titled ‘The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future’ maintained that BRI, which has seen Beijing pour a trillion dollars into projects around the world since its launch in 2013, sought to provide a new platform for international economic cooperation, as well as generate new momentum to support growth.

Representatives from 130 nations and 30 international organisations are expected to attend the high-profile event, which includes three high-level forums on connectivity, green development and digital economy. The forum is being held after a gap of four years at a time when the West, led by the US, is trying to counter Beijing’s growing political and economic clout across the globe, accusing China of “laying a debt trap” for the participating countries, and claiming that the infrastructure development deals signed under the initiative lack transparency.

 

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Belt and Road Forum 'magnificent' chapter in promoting connected world: China's president​

President Xi praises Belt and Road Initiative's global connectivity at the forum attended by world leaders in Beijing

Anadolu Agency
October 17, 2023

World leaders standing alongside Chinese President Xi and his wife Peng Liyuan. PHOTO: ANADOLU AGENCY

China’s President Xi Jinping said on Tuesday that the 3rd Belt and Road Forum held in Beijing is a “magnificent chapter in promoting a connected world and charting a path for all to prosper individually and collectively.”

The president’s remarks came during the opening ceremony of the forum in Beijing’s Great Hall of the People.

The governments, businesses, and individuals, which are part of the Belt and Road Initiative, have made these accomplishments achievable through their "hard work, wisdom and courage,” Xi stressed.

"Let us take this opportunity to salute all those who have participated in and contributed to Belt and Road cooperation," he added.

Stressing the initiative's focus on development, win-win outcomes, and inspiration, he said: "We must embark with drive and enthusiasm on the new journey toward another golden decade.”

Earlier, Xi Jinping hosted world leaders, including his Russian counterpart Vladimir Putin, for the third Belt and Road Forum.

Xi also met leaders of Uzbekistan, Serbia, Indonesia, Papua New Guinea, Hungary, Ethiopia, Serbia, Chile, and Kazakhstan.

Read also: Pakistan, China to deepen cooperation

Russian President Vladimir Putin, Indonesian President Joko Widodo, Egyptian Prime Minister Mostafa Madbouly, Pakistani Prime Minister Anwaarul Haq Kakar, and leaders from Sri Lanka, the Republic of Congo, and Nigeria are attending the forum.

A group picture posted on X by China's Foreign Ministry spokeswoman Hua Chunying showed some 25 foreign leaders, including Putin, standing alongside Xi and his wife Peng Liyuan.

Beijing is hosting the two-day forum, which is expected to see the participation of over 4,000 representatives from around the world.

The event will host six seminars and three high-level forums on connectivity, green development, and digital economy. An entrepreneurs' conference is also scheduled on the forum's sidelines.

The Belt and Road Initiative, billed as recreating the ancient Silk Road to boost global trade infrastructure, was proposed by Xi in 2013 to connect China with the markets of Central Asia, the Middle East, Europe, and Africa.

With more than 200 cooperation agreements spread across 150 countries and 30 international organizations, the cumulative value of imports and exports between China and the partner countries has reached $19.1 trillion, with an average annual growth rate of 6.4% from 2013 until 2022.

 

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Deals on the 1st day of the 3rd Belt and Road Forum hit a record, highlighting foreign entrepreneurs’ confidence in BRI​

by The Frontier Post

Li Xuanmin and Shen Weiduo

BEIJING : On the first day of the third Belt and Road Forum for International Cooperation (BRF), over 1,200 representatives from more than 80 countries and regions have taken on what some describe as a journey of “opportunity hunting,” eyeing establishing new business networks under the Belt and Road Initiative (BRI) – the world’s largest platform for international cooperation – to inject certainty into their businesses in an uncertain world and make joint contributions to global economic recovery.

More than 300 representatives from China and abroad signed agreements at this year’s Belt and Road CEO Conference on Tuesday, the Global Times learned. The deals, covering artificial intelligence, biomedicine, modern agriculture, as well as financial services, hit a record in terms of both the number of deals and the value of contracts.

Industry insiders said that the substantial outcome is “voting with their feet” that underscores a culmination of the confidence exhibited by foreign entrepreneurs on the miraculous achievements of the BRI in the past 10 years, and their bullish outlook on the new stage of BRI development, which is set to see broader scope of cooperation. It also mirrors their firm belief in China’s reputation as a responsible global power that, in building a path to joint prosperity, “leaves no one behind.”

The forum serves as a crucial platform for China to elaborate on its unswerving commitment to opening-up as well as multiple policies to stabilize economic growth and attract foreign investment. On the foundation of the new chapter of global growth opened by Chinese initiatives and proposals in the past decade, foreign executives expect that the country, at a time of global geopolitical challenges and regional tensions, will play a more “decisive” role in bridging development gaps and continue acting as the bellwether in fostering a more connected global economy.

Substantial results

Chinese Vice Premier He Lifeng said at the opening speech of the CEO Conference that the gathering of more than 1,000 representatives from business circles of various countries, on the occasion of the 10th anniversary of the joint construction of the BRI, is of great significance to promote prosperity of global development. The CEO Conference is also the opening event of the BRF.

With the joint efforts of all parties, the BRI has expanded and extended around the world, profoundly changing the pattern of global industrial and supply chains, promoting the optimal allocation of resource factors, and becoming a development belt that benefits all countries, and “a road to happiness” that brings happiness to people of the world, He said.

At the CEO Conference, China initiated the Beijing Declaration for global entrepreneurs, calling for efforts to adhere to opening and cooperation, deepening connectivity cooperation, adhering to green development, promoting cooperation on the digital economy, as well as adhering to lawful operation and fulfilling social responsibility.

“We welcome business communities from more countries to join the initiative, jointly create more opportunities for common prosperity under the initiative, and work together to broaden this ‘road to happiness’ that benefits the world,” the declaration said.

Mario Rendulic, President of the Chinese Southeast European Business Association, told the Global Times that the forum “offers opportunities to establish new connections, explore potential collaboration and expand professional networks.” It marks the third time that Rendulic has participated at the BRF, based on the progress and experiences from the first two events.

Rendulic disclosed that his company, Croatia-based project contractor Tehnika d.d., will reach agreements with Chinese companies, without giving more details.

Rupert Varnai, CEO of Cathay Partners, told the Global Times on the sidelines of the CEO conference on Tuesday that “as a business advisor, each bridge, each road, each highway, or each new project that has been constructed, it means legal work. It means taxation, it means coordination of the different disciplines, intellectual property, and everything else is involved.”

“So for me and the biggest fan of the Belt and Road…the more successful [BRI] means more work, more advisory work, more cooperation for us,” Varnai said. Varnai comes from Hungary, the first European country to sign a BRI agreement with China.

While the enthusiasm of foreign representatives from BRI participants offers a fresh glimpse into its wide recognition among the international community, it is also palpable that more companies from countries that have not joined the BRI are attending this year’s forum, drawn by fruitful cooperation achievements in the past 10 years.

Mansoor Nadeem Lari, CEO of the India-based Silk Route Trade and Industry Development Corp, a trade facilitation organization, told the Global Times that Indian companies see “huge” opportunities to cooperate with Chinese businesses, though the country has yet joined the China-proposed initiative.

He highlighted several areas in which Chinese and Indian firms could collaborate more in the next stage of BRI development, such as high-tech manufacturing and trade in services and tourism, which could harness India’s expertise in knowledge and innovation.

“We’re constantly seeking attractive investment opportunities,” Rani Jarkas, chairman of Swiss financial group Cedrus Group, told the Global Times on the sidelines of the CEO Conference on Tuesday, talking about his presentation at the forum. He noted that his company’s business activities are strongly aligned with the major policy goals of BRI.

Jarkas, a first-time participant, said he is very much looking forward to the summit to bring more cooperation opportunities for Chinese and foreign enterprises, leading to benefits for more people.

Observers said that the array of deals inked at the CEO Conference has sent a resounding signal over foreign companies’ unwavering confidence on the prospects of BRI cooperation. It also proves that the China-proposed initiative responds to global calls and aligns with the global desire for common development.

“The BRF is being held when geopolitical power wrestling is threatening the stability of the world, and similar initiatives proposed by Western countries were proved to be empty talk. At this time, the BRI, which rejects a zero-sum game mindset and delivers real benefits, carries prominent significance,” Zhou Rong, a senior researcher at the Chongyang Institute for Financial Studies at Renmin University of China, told the Global Times on Tuesday.

And that means a “broader, more inclusive road” for BRI global cooperation after a decade of development, according to Zhou.

In recent years, the digital economy, intelligent manufacturing and the green economy have been developing rapidly, representing a new trend in world economic and technological development. Cooperation between China and partner countries in these fields has unlimited potential and bright prospects, Vice Premier He Lifeng said.

Among the “record deals” signed at the conference, the Global Times observed that “green and digital” are two of the key words, and these also represent the future trends of the BRI.

In addition to deals reached between private companies, a list of inter-governmental agreements between China and Hungary and China and Chile were inked on Tuesday.

A ‘decisive’ role in global growth

Many foreign entrepreneurs, who deem the BRF as a crucial gathering to gauge China’s policy stance on various issues, said that after deep exchanges with Chinese peers, they have been impressed by the country’s vibrant economic drivers, ranging from a “strong domestic market, technological advancements and manufacturing capabilities to its irreplaceable position in international trade.”

“Chinese authorities have implemented various measures to stimulate domestic demand, promote innovation, and support economic growth,” Rendulic said, voicing his confidence in China’s resilient economic recovery this year.

According to foreign representatives, some economists and foreign media outlets, ahead of a third-quarter GDP release scheduled on Wednesday, had underestimated their predictions on the potential of the world’s second-largest economy.

Varnai noted that at the moment, no crisis can be gone without some challenges or impacts, but he believes the Chinese economy will be “on the uphill.””The pessimistic predictors need to look back in Chinese history where there were a lot of very similar situations and China overcame all these adversities and problems,” Rendulic noted.

Jarkas said that the combination of the Chinese government’s highly effective policies and the hardworking nature and ingenuity of the Chinese people will ensure that the country’s social-economic objectives are met.

In his opening speech, He noted that the current momentum of international trade growth is insufficient, and as a major regional country in the global goods trade, China is willing to expand market opening with other countries, build more trade cooperation platforms, improve customs clearance convenience, inspection and quarantine, logistics and transportation, cross-border settlement and other policies and measures to promote trade, which will see a balanced and win-win development.

Observers said that the BRF, followed by the China International Import Expo in November and the China International Supply Chain Expo in late November and early December, send an unmistakable signal on China’s commitment to high-level opening-up.

As China’s opening-up further gears up, representatives from foreign companies noted that their businesses have received a lot of benefits. For example, Cedrus plans this year to invest 1 billion yuan in the development of healthcare and innovative technologies in China, to tap into the market potential.

According to a report issued by the China Council for the Promotion of International Trade, over 80 percent of foreign enterprises expect their return on investment will increase or stay flat this year.

“The Chinese government is doing an amazing work in welcoming foreign investment. We hold a positive outlook on China as an investment destination. We believe that China will play an even more vital role in the world economy and continue to act as the locomotive for the global economy,” Jarkas said.

According to an IMF report, China is set to account for around one third of global growth in 2023, giving a welcome lift to the world economy.

Courtesy: globaltimes

 

[ziaulislam]

Pakistan needs out of the box thinking which its lacking

Just copy China and India


Build new cities at the coast

We only have karachi we need 6-7 coastal cities instead

Rebuild the water ways like USA and china
Use your rivers for transport

 

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Pakistan and China on Wednesday agreed to further strengthen high-level dialogue and engagement besides deepening the political, economic, education, science and technology, cultural, and people-to-people relations.

The bilateral ties were discussed in a bilateral meeting between Caretaker Prime Minister Anwaarul Kakar and Chinese Premier Li Qiang on the sidelines of Third Belt and Road Forum (BRF) in Beijing.

Accompanied by the ministers and senior officials, the two leaders reaffirmed the time-tested and iron-clad friendship between Pakistan and China.

PM Kakar extended felicitations to the Chinese leadership on the successful holding of the Third Belt and Road Forum (BRF). Noting the depth and breadth of the Belt and Road Initiative (BRI), the prime minister termed it as a project of immense significance for the world in terms of connectivity and shared prosperity.

The two leaders discussed bilateral collaboration in the context of CPEC and prospects of further deepening economic linkages.

PM Kakar underscored the importance of CPEC for Pakistan’s economy and noted with satisfaction its expansion into new areas of development – including industrial development; livelihood projects; ICT; mining and minerals exploration and agriculture.

He expressed the confidence that Chinese investment in Special Economic Zones (SEZs) will contribute in diversification of Pakistan’s export basket and expansion of its industrial base.

Premier Li Qiang underlined the steady growth of bilateral cooperation and noted the positive momentum of CPEC projects. He hoped that leadership consensus would give further boost to trade and economic relations between the two countries.

The two prime ministers also witnessed the signing ceremony in which several MoUs/Agreements were signed in areas of commerce, communication and transport including MLI, connectivity food security & research, media exchanges, space cooperation, urban sustainable development, capacity building, mineral development and industrial cooperation, climate change, vaccine development.

 

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What happened to this......

 

[nahtanbob]

Pakistan needs out of the box thinking which its lacking

Just copy China and India


Build new cities at the coast

We only have karachi we need 6-7 coastal cities instead

Rebuild the water ways like USA and china
Use your rivers for transport

you need drinking water for your coastal cities

 

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Taliban says plans to formally join China's Belt and Road Initiative​

BEIJING: The Taliban administration wants to formally join Chinese President Xi Jinping's huge 'Belt and Road'...