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Thread: CPEC and Developments

  1. #466
    Turbanator Senior Contributor Double Edge's Avatar
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    Watched a couple of talks and there were some interesting statements

    - CPEC is too big to fail. It's BRi's flagship project so China will invest to make it successful otherwise it would not set a good example for BRI projects elsewhere. They will keep throwing good money after bad if need be.

    - Gwadar won't end up like Hambantota because Gwadar was funded through a grant instead of a loan. Couple other projects also funded through grants are the highway from Gwadar to Karachi and the optic fiber cable that comes to Pakistan from China. Projects funded through grants as opposed to loans have a special meaning. They won't fail.

    - China in creating BRI has inadvertently ended up with countries that feel threatened. The impression created is China is taking over these countries some way or the other. What if China's strategic intent with BRI is peace & development ?
    Last edited by Double Edge; 28 Jan 19, at 14:21.

  2. #467
    Senior Contributor Oracle's Avatar
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    Politicians are elected to serve...far too many don't see it that way - Albany Rifles!

    Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain!

  3. #468
    Turbanator Senior Contributor Double Edge's Avatar
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    China’s BRI in Pakistan – a poster child for success? | Asia Dialogue | Jan 29 2019

    The analysis presented here shows that there is a chasm between the decentralisation introduced in 2010 through the 18th Amendment to the Pakistani Constitution and the centripetal nature of the CPEC. The latter, in its current form, threatens to increase tensions between provinces and between the provinces and the centre.

    First, there was a need to provide Beijing with a single point of reference for managing the CPEC on the Pakistani side. ‘The pressure from the Chinese side to move quickly did not allow the federal government time to fully integrate the provinces initially.

    Second, the government was unwilling to hand over control of the CPEC to the military. The latter sees the economic corridor as an opportunity to further strengthen its relations with China. In 2016, the Pakistani military attempted to increase its influence over the CPEC by suggesting the creation of a ‘CPEC authority’; a proposal successfully resisted by the then PML-N government. Given the close ties between the current PTI administration in Pakistan and the army, the latter will likely acquire a more formal role in future months, especially considering that China has ‘minced no words about their desire for the army to have a greater role in the CPEC’.

    Another important element in the context of the CPEC and Pakistan’s federal structure is the controversy related to the route of the corridor. The original plan for the CPEC was to prioritise the less developed regions of Pakistan – Balochistan and KP – in order to shorten the transit route from Gwadar to the Karakoram Highway. However, shortly after starting the project it became evident that priority would be given to those road networks that were already developed.

  4. #469
    Turbanator Senior Contributor Double Edge's Avatar
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    Professor Andrew MacLeod. I will remember this name.

    Exploding the misconceptions of Belt and Road and Britain’s possible place post Brexit | Kings college (podcast) | Jan 23 2019

    China isn't rising, its returning. Back to its former place in the world economy. Because the world is re-balancing.

    Before 1830, the size of a country's economy was linked to the size of its population. More people, larger economy. 1830 is the industrial revolution. Allows smaller population countries to overtake larger ones due to increased productivity. In 1950 the information age begins and the process accelerates. Today that comparative advantage is much smaller. So we go back to more people equals bigger economy.

    The idea of BRI is to link the fastest growing area in the world, China, with the second fastest growing area in the world (South Asia & Central Asia) to the third fastest growing area in the world (Sub Saharan Africa). Gwadar is a jump off point to Africa. Europe is a side note. The west isn't the target. Africa is the target. The place where most of the world's growth will come in the future. Chinese deals with African countries include terms that guarantee access to mining resources at future prices. Can't pay back the loan, then allow minerals. Same is being done with Venuezuela i expect.

    The chinese are trying to build a connection between Kinshasa on the east to Kisangani in the west. This will be the first time East & west Africa will be linked.

    Great stuff....
    Last edited by Double Edge; 12 Feb 19, at 13:40.

  5. #470
    Turbanator Senior Contributor Double Edge's Avatar
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    China rejects India's study about Belt and Road facing 'push back' | ET | Feb 12 2019

    Was wondering what this was about and found the article referred to

    China’s BRI is facing resistance in region, says ministry report | HT | Feb 04 2019

    The MEA study, seen by HT, says that “unacceptable conditions” imposed on countries is leading to a severe push back. BRI was as much about China getting a foothold across the world, projecting itself globally, as it was shovelling excess Chinese capacity, said a senior official familiar with the matter who asked not to be named.
    I couldn't find the report on the MEA's website, i suppose it isn't public : /

    I wondered where this term 'unacceptable conditions' came from and its the WAPDA chairman who said it

    Pakistan stops bid to include Diamer-Bhasha Dam in CPEC | Tribune.pk | Nov 15 2017

    Pakistan has withdrawn its request to include the $14-billion Diamer-Bhasha Dam in the China-Pakistan Economic Corridor (CPEC) framework after Beijing placed strict conditions including ownership of the project, said Water and Power Development Authority (Wapda) Chairman Muzammil Hussain on Tuesday.

    “Chinese conditions for financing the Diamer-Bhasha Dam were not doable and against our interests,” said Hussain 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 summary to finance the dam from the country’s own resources, he said.
    Last edited by Double Edge; 13 Feb 19, at 20:11.

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