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What's wrong with CPEC? It's part of OBOR to help Pakistan's economy growth.
China to hold grand Belt and Road Forum meet next week: Will India skip biggest diplomatic event of
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Chhatrapati
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Yeah, it does. Free trade means you can't levy taxes above certain limits.
You are over estimating. How immature to think China has every plans to get the investment back in direct ways.
CPEC is only an alternate route. They don't want to ship through land when you can ship it at less than half the cost through ocean. Interestingly most of the developed regions in China is in the east. Also China is pushing for trading through Antarctic regions which will further reduce the trade through Malacca straight.
I'm blabbering about this. You expect a sudden change over night.
http://herald.dawn.com/news/1153198
https://www.dawn.com/news/1195871
yes it does. When Pakistan has a crisis the government tries to divert public anger. Which has been a norm in both countries. Rather many countries do that. So, an economically unstable Pakistan is not in our interest.
NakedLunch
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We also fought a decade long war on terrorism that depleted us. Yet we are still here and stronger than ever. We dont give up that easy. We are Pakistan.
More than that. CPEC is a guarantee of our sovereignty. Another layer of defence. They know this too which is why the enemies of Pakistan and China are apoplectic at CPEC. It ruins their game in many different ways.
Ajaxpaul
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Pls don't quote me when I am quoting a troll. Of course it is for pakiatans economy growth, but some deluded idiots think they can sink india with CPEC which is laughable.
More like you want to spew out BS just for the sake of it.
NakedLunch
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LOL! Are you trying to hurt my feelings? Try harder.
Ajaxpaul
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Hurt a pakistani feelings ? What feelings ? You must be confused...
NakedLunch
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war&peace
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Really, please have a keen look on the map of India and Pakistan (image below especially circled in Green).
It looks like a muscular Tom (Pakistan) is grabbing a fat Cat (india) by it neck
and having fun with her!!!For more feline fun, youtube can help you.
Last edited:
NakedLunch
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what are you blabbering southie.. If you ever find term multidimentional poverty plz quote me, 60% of your population suffers from it one way or other, get over with 1.25 poverty line.
https://www.theguardian.com/world/2010/jul/14/poverty-india-africa-oxford
lol, what kind of pathetic people you bharati are, instead of accepting your shithole as backward hellhole who was behind us almost 65 years on per capita you started boasting that you bearly left us in 2009, indeed cheap people cant digest little success. also if you have 1.3 billion to feed you also have more labour and resources then us.. Stop this low IQ rants, look at China with more population. Instead of accepting that your democratic leader fvcked you in worst manners you are finding cheap excuses to defend them..
what we were doing before 9/11 for rest 50 years? Another illogical question, We were doing better then your backward country even then despite we were sanctioned under pressler amendment for nuclear activities, have to boost our security bcoz of wars and proxy wars imposed on us...
Finally, last thing we need is a lecture from eastern pests on our economy.. Its beyond Irony...
improve your gangaland and forget about country which spend 65 years out of 70 better then your actual failed country which still have more poverty and income inequality then Pakisan.. Go worship tata for increasing your GDP single handedly.
Yep, that's the way to do it Max.
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Cow or bull.. surely going to hurt indian ego, religiously aswel as....
When did that happen?
Sounds like India.. BC honking at a cow and getting your eyes popped for it.. or getting lynched and gangraped over beef, anti Romeo squad,chutiyapa about Hindu rashtra and whatnot.
Sorry to wake you up from your wet dreams, but son. IDPs have been settled ages ago... you'd been living in your modu chudo land for long.
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NakedLunch
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LOL!
Arsalan 345
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Good for Pakistan.India is isolating itself and everyone knows that they can't take back azad Kashmir from pak army.they are free to ignore anyone.nobody cares about India specially when you have China as your friend.China is not only the rising power,it compares itself to united States. Nobody is even consulting India whether they join obor or not.lol.
Great Sachin
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Your photo proves that you deserve to be "donkey of the day"donkey of the day
And indians have the audacity to make references to our begging bowl
StraightShooter
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China’s summit for its new Silk Road is missing 44 heads of state from the 65 nations involved
Thanks for showing up. (Reuters/ Lintao Zhang)
WRITTEN BY
Zheping Huang
OBSESSION
China's Transition
May 12, 2017
World leaders are gathering in Beijing this weekend for a big summit touting China’s infrastructure spending spree to connect Europe, the Middle East, Asia, and Africa. The project, known as the Belt and Road Initiative—or “One Belt, One Road” (OBOR) in straight translation—was introduced by president Xi Jinping in 2013 as a land-and-sea version of the fabled Silk Road trading route of the 16th to 18th centuries.
China says the project is open to everyone, but it has also identified 65 countries along the Belt and Road that, since the early stages of the proposal, it’s insisted will participate in the initiative (whether they’ve confirmed it themselves or not). Together, the 64 nations plus China account for 60% of the world’s population and 30% of its GDP (pdf), according to the Hong Kong–based think tank Fung Business Intelligence.
This week China’s foreign ministry confirmed that 29 heads of state will attend the May 14-15 forum. They’ll be among the summit’s 1,500 or so Chinese and foreign attendees.
But a closer look at the attendee list shows that only 20 OBOR countries will send their heads of state (nine, including Fiji, are from outside the Belt and Road). In other words, 44 OBOR nations are not sending their top leaders to the OBOR summit. None of the Middle Eastern nations will; neither will most European countries. As for the 20, they have an average GDP per capita of about $14,700, compared to $25,000 for the 44 countries that won’t, according to UN data.
It’s worth noting that some OBOR nations are sending lower-ranking officials to attend the forum, but the number is hard to determine. For example, Afghanistan will send a minister-level delegation, but it’s unclear how many people will be in it. Saudi Arabia will send its minister of energy and industry. (The Diplomat has compiled an attendee list of 52 nations, with different levels of participation, noting it isn’t comprehensive because of unavailable data.)
But the forum seems to be meant for heads of state. According to Bloomberg, China will ask the heads of state at the forum to sign a joint communiqué endorsing its economic and diplomatic positions, though not everyone is on board with those. The Chinese foreign ministry stated that the communiqué will be issued on May 15.
Xi has vowed to set an example on globalization, as Donald Trump turns inward with his “America First” policy. The Belt and Road initiative is Xi’s signature foreign-policy effort, and China’s state-controlled news outlets have billed the summit as one of the year’s most important international events.
Judging by the no-shows, not everyone feels the same.
https://qz.com/982202/chinas-summit...-heads-of-state-from-the-65-nations-involved/
Just what is this One Belt, One Road thing anyway?
By James Griffiths, CNN
Updated 10:16 PM ET, Thu May 11, 2017
Hong Kong (CNN)Spanning more than 68 countries and encompassing 4.4 billion people and up to 40% of the global GDP, China's One Belt, One Road project is not short on ambition.
Its boosters tout its massive economic promise and claim it could benefit the entire world and lift millions out of poverty.
But no one can say for sure what exactly the plan encompasses, and detractors warn it could be an expensive boondoggle at best or a massive expansion of Chinese imperial power at worst.
So what is One Belt, One Road?
No one is totally sure. At the most basic level, One Belt, One Road (OBOR) is a collection of interlinking trade deals and infrastructure projects throughout Eurasia and the Pacific, but the definition of what exactly qualifies as an OBOR project or which countries are even involved in the initiative is incredibly fuzzy.
"It means everything and it means nothing at the same time," said Christopher Balding, a professor of economics at Peking University.
"One Belt, One Road" includes a number of hugely ambitious projects, including a train line stretching from eastern China to London.
Why is it so unclear?
While it might have originally had a comprehensible thesis behind it, OBOR has become such a popular buzzword that it's next to impossible to lock down criteria for how any given project would or could fit into the overall initiative.
Chinese officials tend to mention it regardless of what they're trying to promote, like a US lawmaker talking about "freedom."
http://www.cnn.com/interactive/2017/05/world/chinas-new-world-order/
Chenggang Xu, a professor of economics at the Cheung Kong Graduate School of Business, said it helps to think of OBOR as a "philosophy" or "party line," rather than anything concrete.
As an example of what an all-encompassing buzzword its become, state media has claimed OBOR will benefit: the Middle East peace process, start-ups in Dubai, currency trading, global poverty reduction, Xinjiang's medical industry, Australian hotels, nuclear power, Polish orchards, and, finally, the entire world.
Jörg Wuttke of the EU Chamber of Commerce in China, warned this week the initiative has increasingly "been hijacked by Chinese companies, which have used it as an excuse to evade capital controls, smuggling money out of the country by disguising it as international investments and partnerships."
What's with the name?
Confusion about OBOR isn't helped by its lack of a clear name or even a settled upon abbreviation.
The initiative consists of two major parts:
These two projects are known collectively as One Belt, One Road, or Belt and Road, or the New Silk Road.
What does China get out of this?
According to Chinese state media, some $1 trillion has already been invested in OBOR, with another several trillion due to be invested over the next decade.
There are two main benefits for Beijing from this: economic, and political -- both with their own significant risks.
What are the economic benefits?
As its runaway economic growth has slowed in recent years, China has suffered from widespread overcapacity in heavy industries such as steel, cement and aluminum.
Ways of dealing with declining domestic demand include cutting jobs -- more than 1.2 million in 2016 and 2017 -- and expanding demand overseas.
"China is looking to use OBOR as a way to ship its own domestic overproduction offshore," said Nick Marro, an analyst with the Economist Intelligence Unit (EIU).
The project will also open new markets for Chinese goods, shoring up the country's economy against any potential slowdown in demand from Europe or the US, said Jin-Yong Cai, former head of the International Finance Corporation.
"(China is) leveraging their own capital to get involved in helping (other) countries to get wealthier so they can become customers of Chinese products," he said.
Workers prepare the "Silk Road Golden Bridge" in Beijing for the upcoming Belt and Road Forum.
What are the economic risks?
While China stands to reap major benefits from OBOR projects, it is also footing a significant proportion of the risks entailed with them.
Many key countries targeted by OBOR -- in central Asia, Africa and southeast Asia -- are prone to economic and political instability and corruption.
What happens when an OBOR project funded by the Chinese government fails is unclear, said Xu. He warned that if a series of projects fail at the same time, "then the whole thing could collapse."
Balding said China "has a very poor track record of their investment overseas," pointing to widespread problems with Chinese projects in Venezuela, Sri Lanka and Myanmar.
He added that OBOR in particular is characterized by projects with "very little economic rationale for China."
Wuttke warned the project could be remembered as a "huge white elephant that left an enormous amount of wasted resources strewn along its path."
China's vast container ports will play a major role in "One Belt, One Road."
What are the political benefits?
Most analysts agree that, for all its rhetoric about trade and development, OBOR is primarily a political project.
It has been compared to the Marshall Plan -- the huge redevelopment initiative undertaken by the US to rebuild Western Europe in the wake of World War II, after which it emerged as a global superpower -- though Chinese state media has vociferously rejected this analogy.
According to Tom Miller, author of "China's Asian Dream: Empire Building Along the New Silk Road," OBOR is part of a plan by China focused on "restoring its historical status as Asia's dominant power."
"China's new 'empire' will be an informal and largely economic one, posited on cash and held together by hard infrastructure," Miller writes.
Balding said the project is "more like a diplomatic effort for China to win friends and influence people," rather than a strictly economic program.
This effort will be on show in Beijing on May 14-15, when world leaders including Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan will be in attendance at the unfortunately acronym-ed Belt and Road Forum (BARF).
What are the political risks?
If successful, OBOR could see China supplant the US as the main superpower in much of the world -- but Xu warned the project could also backfire considerably because of its size.
As well as economic fragility, some projects in Asia also carry significant security risks, particularly the China-Pakistan Economic Corridor, where more than 13,000 Pakistani troops have already been deployed to protect the project, which runs through the South Asian country's restive tribal regions.
Previous Chinese overseas investments have also earned a bad reputation for not delivering for local economies, said Marro.
"The most notorious allegations have been levied against Chinese investment in Africa, which often sees large, state-owned companies set up shop, bring in workers from China -- as opposed to hiring locally -- and then re-export mined raw materials back home," he said.
Marro said Chinese overseas investment, and the way it is run, is maturing but expressed concerns that the OBOR project is so large, exercising effective supervision over the varying elements may prove difficult.
Given the vast size of the OBOR initiative, if things go wrong, it could be a major blight on China's reputation in much of the world.
CNN's Kristie Lu Stout contributed reporting.
http://www.cnn.com/2017/05/11/asia/china-one-belt-one-road-explainer/
Thanks for showing up. (Reuters/ Lintao Zhang)
WRITTEN BY
Zheping Huang
OBSESSION
China's Transition
May 12, 2017
World leaders are gathering in Beijing this weekend for a big summit touting China’s infrastructure spending spree to connect Europe, the Middle East, Asia, and Africa. The project, known as the Belt and Road Initiative—or “One Belt, One Road” (OBOR) in straight translation—was introduced by president Xi Jinping in 2013 as a land-and-sea version of the fabled Silk Road trading route of the 16th to 18th centuries.
China says the project is open to everyone, but it has also identified 65 countries along the Belt and Road that, since the early stages of the proposal, it’s insisted will participate in the initiative (whether they’ve confirmed it themselves or not). Together, the 64 nations plus China account for 60% of the world’s population and 30% of its GDP (pdf), according to the Hong Kong–based think tank Fung Business Intelligence.
This week China’s foreign ministry confirmed that 29 heads of state will attend the May 14-15 forum. They’ll be among the summit’s 1,500 or so Chinese and foreign attendees.
But a closer look at the attendee list shows that only 20 OBOR countries will send their heads of state (nine, including Fiji, are from outside the Belt and Road). In other words, 44 OBOR nations are not sending their top leaders to the OBOR summit. None of the Middle Eastern nations will; neither will most European countries. As for the 20, they have an average GDP per capita of about $14,700, compared to $25,000 for the 44 countries that won’t, according to UN data.
It’s worth noting that some OBOR nations are sending lower-ranking officials to attend the forum, but the number is hard to determine. For example, Afghanistan will send a minister-level delegation, but it’s unclear how many people will be in it. Saudi Arabia will send its minister of energy and industry. (The Diplomat has compiled an attendee list of 52 nations, with different levels of participation, noting it isn’t comprehensive because of unavailable data.)
But the forum seems to be meant for heads of state. According to Bloomberg, China will ask the heads of state at the forum to sign a joint communiqué endorsing its economic and diplomatic positions, though not everyone is on board with those. The Chinese foreign ministry stated that the communiqué will be issued on May 15.
Xi has vowed to set an example on globalization, as Donald Trump turns inward with his “America First” policy. The Belt and Road initiative is Xi’s signature foreign-policy effort, and China’s state-controlled news outlets have billed the summit as one of the year’s most important international events.
Judging by the no-shows, not everyone feels the same.
https://qz.com/982202/chinas-summit...-heads-of-state-from-the-65-nations-involved/
Just what is this One Belt, One Road thing anyway?
By James Griffiths, CNN
Updated 10:16 PM ET, Thu May 11, 2017
Hong Kong (CNN)Spanning more than 68 countries and encompassing 4.4 billion people and up to 40% of the global GDP, China's One Belt, One Road project is not short on ambition.
Its boosters tout its massive economic promise and claim it could benefit the entire world and lift millions out of poverty.
But no one can say for sure what exactly the plan encompasses, and detractors warn it could be an expensive boondoggle at best or a massive expansion of Chinese imperial power at worst.
So what is One Belt, One Road?
No one is totally sure. At the most basic level, One Belt, One Road (OBOR) is a collection of interlinking trade deals and infrastructure projects throughout Eurasia and the Pacific, but the definition of what exactly qualifies as an OBOR project or which countries are even involved in the initiative is incredibly fuzzy.
"It means everything and it means nothing at the same time," said Christopher Balding, a professor of economics at Peking University.
"One Belt, One Road" includes a number of hugely ambitious projects, including a train line stretching from eastern China to London.
Why is it so unclear?
While it might have originally had a comprehensible thesis behind it, OBOR has become such a popular buzzword that it's next to impossible to lock down criteria for how any given project would or could fit into the overall initiative.
Chinese officials tend to mention it regardless of what they're trying to promote, like a US lawmaker talking about "freedom."
http://www.cnn.com/interactive/2017/05/world/chinas-new-world-order/
Chenggang Xu, a professor of economics at the Cheung Kong Graduate School of Business, said it helps to think of OBOR as a "philosophy" or "party line," rather than anything concrete.
As an example of what an all-encompassing buzzword its become, state media has claimed OBOR will benefit: the Middle East peace process, start-ups in Dubai, currency trading, global poverty reduction, Xinjiang's medical industry, Australian hotels, nuclear power, Polish orchards, and, finally, the entire world.
Jörg Wuttke of the EU Chamber of Commerce in China, warned this week the initiative has increasingly "been hijacked by Chinese companies, which have used it as an excuse to evade capital controls, smuggling money out of the country by disguising it as international investments and partnerships."
What's with the name?
Confusion about OBOR isn't helped by its lack of a clear name or even a settled upon abbreviation.
The initiative consists of two major parts:
These two projects are known collectively as One Belt, One Road, or Belt and Road, or the New Silk Road.
What does China get out of this?
According to Chinese state media, some $1 trillion has already been invested in OBOR, with another several trillion due to be invested over the next decade.
There are two main benefits for Beijing from this: economic, and political -- both with their own significant risks.
What are the economic benefits?
As its runaway economic growth has slowed in recent years, China has suffered from widespread overcapacity in heavy industries such as steel, cement and aluminum.
Ways of dealing with declining domestic demand include cutting jobs -- more than 1.2 million in 2016 and 2017 -- and expanding demand overseas.
"China is looking to use OBOR as a way to ship its own domestic overproduction offshore," said Nick Marro, an analyst with the Economist Intelligence Unit (EIU).
The project will also open new markets for Chinese goods, shoring up the country's economy against any potential slowdown in demand from Europe or the US, said Jin-Yong Cai, former head of the International Finance Corporation.
"(China is) leveraging their own capital to get involved in helping (other) countries to get wealthier so they can become customers of Chinese products," he said.
Workers prepare the "Silk Road Golden Bridge" in Beijing for the upcoming Belt and Road Forum.
What are the economic risks?
While China stands to reap major benefits from OBOR projects, it is also footing a significant proportion of the risks entailed with them.
Many key countries targeted by OBOR -- in central Asia, Africa and southeast Asia -- are prone to economic and political instability and corruption.
What happens when an OBOR project funded by the Chinese government fails is unclear, said Xu. He warned that if a series of projects fail at the same time, "then the whole thing could collapse."
Balding said China "has a very poor track record of their investment overseas," pointing to widespread problems with Chinese projects in Venezuela, Sri Lanka and Myanmar.
He added that OBOR in particular is characterized by projects with "very little economic rationale for China."
Wuttke warned the project could be remembered as a "huge white elephant that left an enormous amount of wasted resources strewn along its path."
China's vast container ports will play a major role in "One Belt, One Road."
What are the political benefits?
Most analysts agree that, for all its rhetoric about trade and development, OBOR is primarily a political project.
It has been compared to the Marshall Plan -- the huge redevelopment initiative undertaken by the US to rebuild Western Europe in the wake of World War II, after which it emerged as a global superpower -- though Chinese state media has vociferously rejected this analogy.
According to Tom Miller, author of "China's Asian Dream: Empire Building Along the New Silk Road," OBOR is part of a plan by China focused on "restoring its historical status as Asia's dominant power."
"China's new 'empire' will be an informal and largely economic one, posited on cash and held together by hard infrastructure," Miller writes.
Balding said the project is "more like a diplomatic effort for China to win friends and influence people," rather than a strictly economic program.
This effort will be on show in Beijing on May 14-15, when world leaders including Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan will be in attendance at the unfortunately acronym-ed Belt and Road Forum (BARF).
What are the political risks?
If successful, OBOR could see China supplant the US as the main superpower in much of the world -- but Xu warned the project could also backfire considerably because of its size.
As well as economic fragility, some projects in Asia also carry significant security risks, particularly the China-Pakistan Economic Corridor, where more than 13,000 Pakistani troops have already been deployed to protect the project, which runs through the South Asian country's restive tribal regions.
Previous Chinese overseas investments have also earned a bad reputation for not delivering for local economies, said Marro.
"The most notorious allegations have been levied against Chinese investment in Africa, which often sees large, state-owned companies set up shop, bring in workers from China -- as opposed to hiring locally -- and then re-export mined raw materials back home," he said.
Marro said Chinese overseas investment, and the way it is run, is maturing but expressed concerns that the OBOR project is so large, exercising effective supervision over the varying elements may prove difficult.
Given the vast size of the OBOR initiative, if things go wrong, it could be a major blight on China's reputation in much of the world.
CNN's Kristie Lu Stout contributed reporting.
http://www.cnn.com/2017/05/11/asia/china-one-belt-one-road-explainer/
Jlaw
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