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China–Pakistan Economic Corridor : News & Discussions

Discussion in 'South Asia & SAARC' started by Agent_47, Nov 16, 2016.

  1. Anish

    Anish BANNED BANNED

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    Half a million chinese professional along with their respective families to live in gated China Pak Hills colony in Balochistan.

    True what Baloch said that they are being culturally wiped out.

    Now even fence sitters in Balochistan will take to the gun and rocket
     
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  2. lca-fan

    lca-fan Major SENIOR MEMBER

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    Stop CPEC now: Baloch leaders to China
    Wednesday, October 18, 2018 By: ET Source Link: CLICK HERE
    [​IMG]

    On the day the supreme body of the Communist Party of China met for its 19th Congress in Beijing, the Baloch leadership in exile issued a strong warning to China to stop the China Pakistan Economic Corridor (CPECBSE -4.45 %) or face on the ground consequences.

    The CPEC passes across disputed territory and is rejected by the Baloch as a "tool for exploiting the Baloch land."

    Baloch and other oppressed people, including Sindhis, have reacted strongly after U.S. Defense Secretary James Mattis told the Senate Armed Services Committee that the One Belt One Road project goes through disputed territory.

    Abdul Nawaz Bugti, senior Baloch human rights activist and representative of Baloch Republican Party at the United Nations Human Rights Council issued a statement aimed at China, saying "The statement of Secretary Mattis vindicates our stance on the so-called China Pakistan Economic Corridor that it is not only a illegal project because of the fact that it passes through and exploits PoK (Pakistan occupied Kashmir) and Balochistan, but also because it has resulted in massive human rights abuses in these territories. We call upon China to stop the CPEC immediately."

    Calling upon China to honour international norms on disputed territory Abdul Nawaz Bugti said Beijing must realise the mistake it is making as further work on the CPEC will lead to a stronger Baloch rebellion.

    Then, addressing the U.S. Bugti said "Being a super power and the most influential player in the region, it is the responsibility of the United States to play its due role to stop the massive injustices committed by China and Pakistan against indigenous people, in this case the CPEC."

    Bugti's concern over growing injustice in Balochistan is being supported by Prof. Naela Quadri Baloch, President of Canada-based World Baloch Women's Forum.

    She said, "We are glad that US Defense Secretary recognizes that CPEC passes through disputed territory. We expect that US will also recognize that major part of CPEC is in an occupied territory called Balochistan that is bleeding and burning."

    "We do not need occupier's mega projects. We deserve a dignified life as a nation, our identity our own democratic and pluralistic way of life. We expect from the US to support Baloch for peace and justice in the region," Professor Naela added.

    The multi-billion dollar China-Pakistan Economic Corridor project also affects other parts of Pakistan including Sindh, where people are demanding intervention of international community to stop the CPEC's construction.

    Lakhu Luhana, Secretary General of World Sindhi Congress said, "We believe the statement of the US Defence Secretary Mr James Mattis is timely, just and in accordance with the international law. The people of Gilgit and Baltistan are already suffering colonial exploitation and occupation by Pakistan. CPEC which is illegal according to international law would result in complete elimination of people of Gilgit and Baltistan. Moreover, it is a project that will completely destabilise peace in the region for decades to come in addition to complete marginalisation of Sindhi and Baloch nations."

    "We hope that the US will proactively enhance its role to stop this catastrophe from continuing and we hope that the 19th Congress of the Communist Party of China realises that it is time to stop this illegal road from being built on Kashmiri and Baloch land," said Mr.Luhana, head of the World Sindhi Congress.
    http://www.defencenews.in/article/Stop-CPEC-now-Baloch-leaders-to-China-434069
     
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  3. lca-fan

    lca-fan Major SENIOR MEMBER

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  4. lca-fan

    lca-fan Major SENIOR MEMBER

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    China fears its top envoy in Pakistan might be killed, seeks more security
    By Press Trust of India | Islamabad | 22 Oct 2017 14:50 pm
    [​IMG]
    China has asked Pakistan to provide additional security for its long-serving envoy in Islamabad in the wake of threats to his life from an outlawed extremist separatist group, media reports said today.
    The request was made in a letter written to the Ministry of Interior on October 19.
    The letter, circulated in the local media, was written by the focal person for the multi-billion dollar China-Pakistan Economic Corridor (CPEC) Ping Ying Fi who has also asked Pakistan to immediately arrest a militant who wanted to "assassinate" Chinese ambassador in Islamabad Yao Jing.
    Ping said that Yao is facing threats to his life from a militant, Abdul Wali, who belongs to the banned East Turkestan Independent Movement, which largely operates from China's Xinjiang region, bordering Pakistan. It is suspected that Wali has entered Pakistan from China.
    China asked Pakistan to "enhance the protection" of the ambassador and other Chinese working in Pakistan.
    It has also asked Pakistan to "arrest the terrorist and hand over to us (China) as soon as possible".
    The security of Chinese officials in Pakistan is a major issue and army has been tasked to provide security to the Chinese working on various projects, including the CPEC.
    Pakistan's Interior Ministry and the Chinese embassy have declined to comment on the letter.
    The CPEC, which traverse through Pakistan-occupied Kashmir (PoK), will connect Xinjiang with Pakistan's seaport Gwadar through a network of rail, road and pipeline.

    https://www.google.co.in/amp/wap.bu...illed-seeks-more-security-117102100697_1.html

    @Hellfire
     
    Last edited: Oct 22, 2017
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  5. Angel Eyes

    Angel Eyes 2nd Lieutant FULL MEMBER

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    So the game has begun......
     
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  6. lca-fan

    lca-fan Major SENIOR MEMBER

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    China ready to address Indian concerns over BRI
    Sunday, October 22, 2017 By: Indian Express Source Link: CLICK HERE
    [​IMG]

    STRESSING THAT it was important for India to join the Belt and Road Initiative (BRI), China’s Ministry of Foreign Affairs has said that it is willing to engage in “in-depth communication” to address Indian concerns. Senior MFA officials also said that China supports Indian efforts to play a bigger role in international affairs and expressed hope that India would respect Chinese concerns, especially those involving the Dalai Lama and border disputes.

    “We had invited India to the Belt and Road Forum and hoped they would join the initiative, but India has expressed concerns. We think it is important for India to participate in this programme. We are ready to have in-depth communication with the Indian side to address their relevant concerns,” said Yao Wen, Counsellor of the Department of Asian Affairs under China’s MFA. The official said he hoped that India would “understand” China’s position and join Chinese President Xi Jinping’s initiative.

    According to Yao, Japan and the US had made positive statements about BRI. “So we do not want to see absence of India in BRI. We hope India can join BRI, which is beneficial to the development of this region,” he said. On Wednesday, Xi made multiple references to BRI in his address to the 19th National Congress, an indication of the project’s importance. The ambitious initiative aims to leverage China’s manufacturing clout and enhance trade by connecting Asia, Europe and Africa through a vast network of roads and two sea routes. India chose to skip the the inaugural Belt and Road Forum in Beijing in May, which was attended by 29 heads of state and where 270 MoUs and agreements were signed. India is opposed to the BRI, citing the China Pakistan Economic Corridor, which runs through POK.

    “India has expressed its concerns on CPEC because they believe CPEC passes through territory they believe is their own. One important project is the Karakoram Road. This is the only land passage between China and Pakistan. It was completed in the 1970s and we are upgrading this road for more convenient transport. We keep telling our friends in India that the BRI and CPEC are not about territorial claims and will not affect China’s position on the Kashmir issue,” Yao said. The official said China considered the Kashmir conflict as a top priority along with the Korean Peninsula, the South China Sea dispute and instability in Afghanistan.

    Just weeks after the BRF, ties between India and China sunk to a low following a military stand-off in Doklam. Ties improved after the BRICS summit in Xiamen where Xi and Prime Minister Narendra Modi held bilateral talks. “China-India relations have seen twists and turns this year. As the major countries in this region, it is natural that we have some disagreements,” Yao said.
    Yao said China supported India’s development and efforts to play a bigger role in international affairs. “At the same time it is hoped that India could respect China’s concerns, for example, the Dalai Lama issue and the boundary question…” Asked if China had offered to mediate between India and Pakistan, Yao said, “The Kashmir issue has been there for years and China hopes it is resolved peacefully. We hope the situation can be managed to avoid further conflicts.”
    http://www.defencenews.in/article/China-ready-to-address-Indian-concerns-over-BRI--434125
     
  7. Butter Chicken

    Butter Chicken Captain FULL MEMBER

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    CPEC toll income — myth and reality

    Earlier this month, the Board of Investment claimed that the CPEC toll income would be three times the budget of Pakistan after completion by 2030. It is the first time an official figure on CPEC toll estimates has come out and needs some objective appraisal.

    Pakistan’s budget this year stood at Rs4.75 trillion. Thrice this amount would mean Rs14+ trillion ($135+ billion). Are we expecting an annual revenue stream that is 2-3 times the total CPEC portfolio, merely from the CPEC toll? This is absurd.

    Let’s do some back-of-the-envelope calculations and assess the toll that the government may charge for Chinese transit trade. Trucks carrying containers fall under articulated truck category. The present National Highway Authority toll rate for these trucks from Peshawar to Islamabad is Rs1,745. For a distance of approximately 530km, this translates into Rs330 or roughly $3 per 100km. But let’s assume that the government would want to charge a much higher rate for Chinese trucks. The fee for the Common Market for Eastern and Southern Africa is $10 per 100km for articulated heavy goods vehicles. Let’s use that as a benchmark, which is three times the present toll rate. This is also in line with Chinese inland toll rates of approximately 7-12 cents per km. For the 2,600-km Khunjrab-Gwadar route, a $10 rate would mean $260 per truck going from one end to the other.

    Now let’s look at the future estimated traffic. Who will use CPEC routes and pay the toll? Trading partners in China at the one end and in Africa and the Middle East on the other. Let’s zoom in on the leading Chinese trade partner in Africa as an example. The UN Comtrade data for 2016 reports that China exported $12.8 billion worth of goods to South Africa, weighing approximately 5.3 billion kgs and imported $22.2 billion worth of goods, weighing 63.4 billion kgs. This means $2.4 per kg worth of exports and 35 cents per kg for imports. The maximum weight allowed on a 40-foot container approximately is 26,500kgs. China’s trade with South Africa can therefore be encapsulated in 2.5 million containers or more.

    Using the same value-weight proportions, China’s total trade with all of Africa and the Middle East of $356 billion would mean 18+ million containers. At $260 apiece, this means $4.8 billion of toll income per year. Factoring in partial container loads, increased trade volumes or domestic revenues, this amount may somewhat increase. But this reflects the maximum revenue potential. Taking into account depreciation and maintenance costs of infrastructure, some trade that may still be done through sea, lesser toll for shorter routes, the fact that we may not be able to capture the whole of transit trade or any reduction in toll rate, etc, we are definitely looking at $2-2.5 billion revenues per year even in the long run. And it will take a few years to reach this level.

    Let’s also look at the cost side. Out of $62 billion CPEC portfolio, the bulk is for energy projects and only about $11 billion is allocated for roads. Much of the road infrastructure is reportedly financed through concessional government-to-government borrowing, with 2% interest to be repaid over a 20-25-year period. An $11 billion loan for 20 years would therefore need $672 million debt servicing payment every year.

    It means that a more realistic expectation is that we may be able to recover our financing costs through the toll income, if we are successful in claiming 30% of the Chinese trade with Africa and the Middle East. For real returns on CPEC, however, we need to look towards developing other benefits, such as, industry relocation, service industry catering to transit trade, etc. And this would need careful planning. But, for starters, we need to accurately project the quantum of trade that we expect to capture through a much more detailed study.
     
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  8. lca-fan

    lca-fan Major SENIOR MEMBER

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    CPEC benefits China more than Pakistan : Report
    Sunday, October 29, 2017 By: Outlook India Source Link: CLICK HERE

    [​IMG]

    The multibillion-dollar China Pakistan Economic Corridor (CPEC), which is part of Chinese President Xi Jinping's 'Belt and Road Initiative', will benefit China more than Pakistan due to lack of Pakistani input in the project.

    The lack of Pakistani input into the CPEC, which the government said would drive economic growth to a targeted 6 per cent this financial year, adds to concerns that its benefits might not be as widely distributed as initially thought, the South Morning China Post reported, adding that it runs the risk that Islamabad will be left paying interest on loans to Chinese banks way into the future.

    According to the news report, Chinese banks are keenly waiting to get their share of the pie, holding more than US$20 billion for potential financing, much of it has already been filled by the Chinese, with Pakistani lenders getting little look in.

    "As of now around US$6 billion to US$7 billion worth of projects are likely going on. Out of that, 10 per cent, or around 50 billion rupees (US$470 million), can be local financing," the South Morning China Post quoted Saad Hashemy, research director at Karachi brokerage Topline Securities, as saying.

    "It seems the lion's share of CPEC financing will come from China itself," Bilal Khan, a senior economist at Standard Chartered, said.

    The Thar coal mine worth USD 3.5 billion, which is expected to generate 1.3 gigawatts of electricity, is one of the most expensive energy projects.

    China will also spend US$5.5 billion for a significant upgrade of Pakistan's rail system.

    Meanwhile, local lenders, both Islamic and conventional, are keen to deploy funds after parking much of their advances in government securities, holding 82 per cent of the total 9.26 trillion rupees of local securities, the report said.

    Pakistan's banks will have minimal opportunities for direct financing in CPEC projects as the private sector at the government level is not so much involved in the project.

    When the CPEC was announced few years back, it was anticipated that the project would mostly be funded with Chinese money as Pakistan was not in a position to deploy the necessary capital after taking an International Monetary Fund bailout in 2013.

    China Development Bank is providing US$7.9 billion, according to a report by the state-run China News Service, and Bank of China said it had lent more than US$80 billion as of the end of June.

    National leader of the government affair unit of Deloitte Norman Sze has said that the financing demand for the project has since increased from more than US$40 billion in 2015 to US$62 billion this year, and most of the funding so far has come from Chinese banks.

    He added that the finance sector in Pakistan is not very advanced and mature to participate in the projects, but it would be difficult for them to meet such a huge financing demand.

    However, China has faced criticism for its decision to import goods and labour for the projects at the expense of the local market.
    http://www.defencenews.in/article/CPEC-benefits-China-more-than-Pakistan--Report-444187
     
  9. Zer0reZ

    Zer0reZ 2nd Lieutant FULL MEMBER

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    China's strict conditions force Pakistan not to include Diamer-Bhasha Dam in CPEC: Officials

    ISLAMABAD: Pakistan has withdrawn its bid to include the USD 14 billion Diamer-Bhasha Dam in PoK in the CPEC framework after China placed strict conditions, including ownership of the mega project, according to senior officials.

    Pakistan has been struggling to raise money from international institutions like the World Bank in the face of Indian opposition to the project on the Indus River in Pakistan-occupied Kashmir (PoK).

    The China-Pakistan Economic Corridor (CPEC), a part of Chinese President Xi Jinping's Belt and Road Initiative (BRI), runs through PoK and India has raised objection to the project.

    Neither the World Bank and Asian Development Bank (ADB) nor China would finance the dam, therefore, the government decided to construct the reservoir from its own resources, the Express Tribune today quoted Water Resources Secretary Shumail Khawaja as saying.

    Pakistan decided to take the dam project off the table just days before the 7th Joint Cooperation Committee (JCC) meeting with China, which is scheduled for November 21 in Islamabad, it said.

    The JCC is the highest decision-making body of the CPEC.

    "Chinese conditions for financing the Diamer-Bhasha Dam were not doable and against our interests," Water and Power Development Authority (Wapda) Chairman Muzammil Hussain said yesterday while briefing the Public Accounts Committee (PAC) on the status of the mega water and power project.

    He said the Chinese conditions were about taking ownership of the project, operation and maintenance cost and securitisation of the Diamer-Bhasha project by pledging another operational dam.

    These conditions were unacceptable, therefore, Prime Minister Shahid Khaqan Abbasi approved a report to finance the dam from the country's own resources, he said.


    A flagship project under the Belt and Road Initiative, the CPEC is a trade network of highways, railways, pipelines and optical cables which are currently under construction throughout Pakistan.

    India skipped the Belt and Road Forum (BRF) in May this year due to its sovereignty concerns over the CPEC.

    The issue of excluding the Diamer-Bhasha Dam from the CPEC framework also featured in the Cabinet Committee on CPEC which met last week, the paper said.

    The Wapda chairman and the water resources secretary informed the premier that the only way out was to fund the much-delayed project from domestic resources, it said.

    There were hopes that Pakistan may finally complete the project after including it in the CPEC framework, the report said.

    Interestingly, ground-breaking of the Diamer-Bhasha Dam has been performed five times in the past 15 years, it said.

    The Wapda chairman blamed the ADB for the delay, saying the bank first destroyed the project and later declined to provide loan. The ADB was of the view that the project was located in a disputed territory, Hussain said.

    The project will have the capacity to generate 4,500MW of electricity in addition to the storage capacity for six million acre feet of water, which the country desperately needs due to shrinking storages.

    The Wapda chairman said the project cost would hover around USD 14 billion and the prime minister had agreed to split the scheme into dam storage and power generation.

    According to the new financing plan, he said, the federal government would provide Rs 30 billion per annum over the next nine years from the Public Sector Development Programme, taking total federal contribution to Rs 270 billion.

    Hussain said Wapda would generate 20 per cent of equity from its own resources whereas financing for constructing power plants would be arranged from commercial sources.

    Construction work on the dam site would begin next year and the government would complete it in nine years, he said. Work on the power generation site will begin two and a half years after the start of work on the dam.

    Read more at:
    //economictimes.indiatimes.com/articleshow/61660935.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
     
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  10. lca-fan

    lca-fan Major SENIOR MEMBER

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  11. Butter Chicken

    Butter Chicken Captain FULL MEMBER

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    Ready to alter economic corridor route: China

    China may consider alternative routes through Jammu and Kashmir to address India’s concerns regarding the China Pakistan Economic Corridor (CPEC) that passes through Pakistan-occupied Kashmir (PoK).

    In an interaction with experts on Chinese affairs and students, Beijing’s envoy Luo Zhaohui suggested the alternative routes, and said he was keen on accomplishing a bilateral friendship and trade treaty during his stint in India.

    “We can change the name of CPEC [China Pakistan Economic Corridor]. Create an alternative corridor through Jammu and Kashmir, Nathu La pass or Nepal to deal with India’s concerns,” said the envoy in a speech at the Centre for Chinese and South-East Asian Studies in the School of Language, JNU, on Friday.

    The Ambassador made a detailed presentation of the expectations on both sides and said that while the Dalai Lama’s presence and activities remain an issue for China, Beijing recognised that India’s expectations on the CPEC and Masood Azhar were also issues that both sides need to be deal with.

    Referring to the dynamic situation in the world, Ambassador Luo said, “There is widespread change in world affairs since the coming to power of President Donald Trump of the U.S.”

    “President Trump sealed $250 billion worth of trade deals with China. Would that be possible if China was a threat,” he asked, arguing that China and India as growing economies must cooperate with each other.

    “One of my goals is to have a treaty of friendship and free trade with India,” he said, elaborating that both sides need to find more areas to collaborate like the Delhi smog. “Beijing also has smog and two sides can jointly deal with this issue.”
     
  12. Agent_47

    Agent_47 Admin - Blog IDF NewBie

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    China on Monday dismissed a top Pakistani Army General’s allegation that India had established a special intelligence cell at a cost of USD 500 million to sabotage the strategic China-Pakistan Economic Corridor (CPEC), saying it did not have any such report.



    Chairman of Pakistan’s Joint Chiefs of Staff Committee General Zubair Mehmood Hayat on November 14 had accused India of stoking “chaos and anarchy” in the region.


    He alleged that India’s external intelligence agency RAW had established a special cell at a cost of USD 500 million to sabotage the CPEC. He also accused India of fanning terrorism in the restive province of Balochistan.


    “We have no such relevant reports,” Chinese Foreign Ministry spokesman Lu Kang told a media briefing when asked about the allegation.




    (Follow The Tribune on Facebook; and Twitter @thetribunechd)



    China’s rebuff over the allegation against India is significant considering that Beijing and Islamabad regard themselves as “iron brothers” sharing “all-weather ties”.


    Also in an apparent reference to India’s objections over the CPEC traversing through the Pakistan-occupied Kashmir, Lu said “we hope that CPEC could win more recognition and support from regional countries and the international community”.


    Pakistan’s top officials have been accusing RAW of sabotaging the CPEC as the Pakistani security forces had to battle numerous attacks by the Balochistan nationalist forces as well as the Islamic State in Balochistan province.


    The CPEC connects China’s restive Xinjiang province with Gwadar Port in Balochistan.


    Lu said the CPEC is new-type cooperation framework built by China and Pakistan for long-term cooperation development.


    “It is important not just to the common development of China and Pakistan but also regional connectivity and common prosperity,” he said.


    He said China believed that it could work with Pakistan to ensure the success of the CPEC and the economic cooperation in various fields between the two countries. PTI

    http://www.tribuneindia.com/news/na...allegation-of-raw-sabotaging-cpec/500676.html
     
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  13. Som Thomas

    Som Thomas 2nd Lieutant FULL MEMBER

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    China dismisses top Pakistan general's allegation of $500 million RAW intelligence cell to sabotage CPEC
    Beijing: China on Monday dismissed a top Pakistani Army General's allegation that India has established a special intelligence cell at a cost of $500 million to sabotage the strategic China-Pakistan Economic Corridor (CPEC), saying it does not have any such report.

    [​IMG]
    Representational Image. Reuters

    Chairman of Pakistan's Joint Chiefs of Staff Committee General Zubair Mehmood Hayat on 14 November said had accused India of stoking "chaos and anarchy" in the region.

    He alleged that Indian’s external intelligence agency RAW has established a special cell at a cost of $500 million to sabotage the CPEC. He also accused India of fanning terrorism in the restive province of Balochistan.

    "We have no such relevant reports," Chinese foreign ministry spokesman Lu Kang told a media briefing when asked about the allegation.

    China’s rebuff over the allegation against India is significant considering that Beijing and Islamabad regard themselves as "iron brothers" sharing "all-weather ties".

    Also in an apparent reference to India’s objections over the CPEC traversing through the Pakistan-occupied Kashmir, Lu said: "We hope that CPEC could win more recognition and support from regional countries and the international community".

    Pakistan’s top officials have been accusing RAW of sabotaging the CPEC as the Pakistani security forces had to battle numerous attacks by the Balochistan nationalist forces as well as the Islamic State in Balochistan province.

    The CPEC connects China’s restive Xinjiang province with Gwadar Port in Balochistan.

    Lu said the CPEC is new type cooperation framework built by China and Pakistan for long-term cooperation development.

    "It is important not just to the common development of China and Pakistan but also regional connectivity and common prosperity," he said.

    He said China believes that it can work with Pakistan to ensure the success of the CPEC and the economic cooperation in various fields between the two countries.

    http://www.firstpost.com/india/chin...telligence-cell-to-sabotage-cpec-4218991.html

    Looks like the higher than gay friend tossed those liar Pakistani generals under the bus.
     
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  14. An Indian

    An Indian 2nd Lieutant FULL MEMBER

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    I can see why they threw Pak under the bus. If they had agreed with Pak then Pak would have claimed that every incident that happened was India's fault and that they could do nothing about it.

    The Chinese want Pak to take ownership of any incident - now they are in really on the spot with their iron-langotia-yaar.
     
  15. Butter Chicken

    Butter Chicken Captain FULL MEMBER

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    Pakistan rejects use of Chinese currency in Gwadar

    ISLAMABAD: Pakistan has turned down China’s demand to allow its currency to be used in the Gwadar Free Zone under the China-Pakistan Economic Corridor framework, arguing any such move would compromise its ‘economic sovereignty’.

    Pakistan conveyed its final position on the use of the foreign currency in its territory to the Chinese authorities during the Senior Officials Meeting (SOM) that was held on Monday in Islamabad, according to officials who were engaged in talks.

    The SOM was held a day before the 7th meeting of the Joint Cooperation Committee (JCC) – the highest decision-making body of CPEC.

    The Chinese authorities wanted to avoid currency exchange risks attached with the use of the US dollar and the Pak rupee.

    The Ministry of Finance and the State Bank of Pakistan opposed the Chinese demand to allow use of RMB.

    --------

    1)China stopped work on $2 billion transmission line
    2)Pak rejected dam in PoK
    3)Pak rejects RMB use in free trade zone
     
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