Analyzing CPEC

chetak · Post by **chetak** » 22 Apr 2017 12:05

It has finally come to this.

I wonder what India's position on the silk road project would have been had the spineless, externally influenced MMS govt still been in power.

I get the teeniest of feelings that the hans did not wargame the arrival of Modi on the world stage in quite the manner that he did.

Nor did they game his assertive policies of punching well above his weight using India's economic and diasporic clout to his advantage, thereby overturning decades of the well settled, docile, reticent and retiring foreign policies pursued by the congis as enunciated by commie civil society and leftist "intellectuals", both in and out of the MEA.

The MEA is an opportunistic, clique-ridden weathercock, without any notion or capability of independent thought or even the pretense of being a dependable, realpolitik policy formulating entity that can reliably advise the govt without bias or prejudice by always keeping India's permanent concerns and supreme national interest as the ultimate and unwavering goal.

China wants India to be part of its new Silk Road project

China wants India to be part of its new Silk Road project

Apr 22, 2017,

'India is an important partner of the Belt and Road Initiative. It was, remains and will be so in future,' Embassy of China in India said.

Mumbai: China on Friday said it would like India to be part of the Belt and Road Initiative(BRI) that seeks to link Asia with Europe, adding if concerns of sovereignty over the China-Pakistan Economic Corridor was a hurdle, they would be “resolved.”

“India is an important partner of the Belt and Road Initiative. It was, remains and will be so in the future,” Liu Jinsong, minister at the Embassy of China in India, said.

“Without hesitation, the Chinese side sincerely invites the Indian side to join many BRI forums, including the Forum to be held next month,” Liu said.

“If this (concerns over China-Pakistan Economic Corridor) is the only reason that affects Indian friends’ will to join the Belt and Road Initiative, this concern could be resolved,” he said.

He was addressing a conference on “The Belt and Road Initiative: India’s perspectives on China’s ambitious plan for infrastructural connectivity in Asia, Africa and Europe,” organised by Observer Research Foundation here.

“Transportation is the basis of CPEC, and connectivity between China and Pakistan will unavoidably pass through PoK area,” he said.

“China has no intention to interfere in territorial and sovereignty disputes between India and its neighbours,” he said, adding that China’s position on the Kashmir issue has not changed either.

“President Xi Jinping will host the Belt and Road Forum for International Cooperation from May 14 to 15 in Beijing. Leaders of 28 countries and the UN Secretary-General will attend the Forum,” he said.

Referring to the debate on whether India should join the Belt and Road Initiative, he said, “India has always been on the Belt and Road”, and cited travels of explorers from both the countries.

“The Belt and Road Initiative is an inheritance, revival and upgrade of the ancient Silk Route,” he said.

The two countries should resume common efforts and work to revive the Silk Route, he said.

“In 2013, President Xi Jinping proposed the Belt and Road Initiative as well as the Asian Infrastructure Investment Bank (AIIB), which aims to provide financial support for infrastructure construction in countries along the BRI routes,” he said.

“India gave a positive response to China’s proposal and held the second round of negotiation working group meeting in Mumbai. India contributed 8 billion US dollars and became the second largest shareholder at the AIIB,” he said.

“Over 40 countries have signed the BRI cooperation agreements with China. At the Forum next month, another over 40 countries and international organisations will discuss and sign cooperation agreements with China,” he said.

“China and India, each with over 1.3 billion people, are still not connected by railways,” he said.

There are only 40-plus direct flights between the two countries each week, considerably less than 1,000 direct flights per week between China and South Korea, he said.

Liu also referred to reports of a 61-year-old postman journeying through the Nathula Pass to exchange mail bags every day for 25 years, calling him “a civil envoy” promoting China-India friendship and connectivity

anupmisra · Post by **anupmisra** » 22 Apr 2017 15:53

Chinaman speakth with forked tongue - old native Indian saying.

anupmisra · Post by **anupmisra** » 24 Apr 2017 16:21

Tax breaks for Chinese won’t hit economy: govt

Chinese investors in the $56 billion China-Pakistan Economic Corridor (CPEC) are enjoying all sorts of tax breaks from customs, income, sales, federal excise and withholding taxes.

But despite all the tax discounts and exemptions, which amount to around Rs150 billion in lost revenue, the government is claiming there will be no adverse impact on local industries and domestic investors.

https://www.dawn.com/news/1328853/tax-b ... onomy-govt

One comment by a gifted paki (and I quote):

MOHD SHAFIQABOUT 4 HOURS AGO
Many Chinese companies owned by Indians are getting benifitted.

Aditya_V · Post by **Aditya_V** » 24 Apr 2017 16:37

Lets see who fools whom, Pakis are hoping like the Americans, that the Chinese will build the Infrastructure and the Pakis can stop the repayments. Afterall the Chinese need Pakis to fight India. The Chinese think they enough leverage to still control the Pakis from weapons etc to control them and make sure they pay.

The fun is going to really start in a few years when the Chinese need the payment and Pakis point blank refuse to pay and start we will go to America and expose all your weapons tech to them. Its going to be one hell of a movie with popcorn.

anupmisra · Post by **anupmisra** » 24 Apr 2017 16:47

All hail SeePack.

Basmati prices rise on foreign demand

And the hope for a better basmati crop has come from China

In November 2016, they formally certified 14 Indian factories for importing the variety.

However, none of the Pakistani processing factories so far gone through the certification process.

some containers bringing import items from China are stuffed with the basmati rice on their way back.

The Pakistani basmati has had a tough time recently: exports dropped by almost 70pc — from 1.2m tonnes to a paltry 400,000 tonnes while the Indian exports rose simultaneously from 1.2m tonnes to over 4m tonnes

However, one of the major weaknesses of Pakistani basmati has been its brand development.

https://www.dawn.com/news/1328782/basma ... ign-demand

venug · Post by **venug** » 24 Apr 2017 17:47

Pakistan's fishermen oppose Gwadar relocation

BharataTalwar · Post by **BharataTalwar** » 25 Apr 2017 06:41

Saw this gem being posted on skyscrapercity. Not sure on what basis they are downplaying Chabahar, but do note how Pakis are slowly starting to include Chinese areas in their prototype Ummah.

Even Aksai Chin. I hope cheens realise what they are in for.

Peregrine · Post by **Peregrine** » 25 Apr 2017 17:02

X Posted on the STFUP Thread

Tax breaks for Chinese won’t hit economy: govt

Cheers

amit · Post by **amit** » 25 Apr 2017 19:26

Reality check

https://www.wsj.com/articles/the-folly- ... 1493052330

Karthik S · Post by **Karthik S** » 25 Apr 2017 19:46

Good luck living with the pakis.

anupmisra · Post by **anupmisra** » 25 Apr 2017 22:35

BharataTalwar wrote:Saw this gem being posted on skyscrapercity. Not sure on what basis they are downplaying Chabahar, but do note how Pakis are slowly starting to include Chinese areas in their prototype Ummah.

Even Aksai Chin. I hope cheens realise what they are in for.

This could be a chini map to keep the faithfuls happy. Note the notes. AP and J&K are shown as separate from India.

hanumadu · Post by **hanumadu** » 25 Apr 2017 22:41

http://www.scmp.com/week-asia/business/ ... te-nowhere

By the time it does pull into Yiwu, the train will have completed an epic journey, chugging 12,000km across nine countries in 18 days, with multiple stops along the way to switch locomotives and trucks to cope with all the changes in railway gauges and signalling systems.

Yes, rail is quicker, taking roughly half the time of the sea journey. But it is hard to think of any goods for which it would be worth paying such a hefty premium to get them to their destination in 18 days rather than 35.

Neither can the rail service be scaled up to the extent that it would rival seaborne freight for economy. A single large container ship can carry 10,000 40ft boxes between Europe and China in five weeks. To shift as many boxes by rail would require 294 of the trains that left London two weeks ago. And to get them all to their destination within five weeks, they would have to leave at intervals of no more than 80 minutes apart constantly for 17 days.

The idea of a “Belt and Road” rail cargo route between Europe and China remains nothing more than a fanciful curiosity.

The first train that left china to england carried lap tops. If laptops can wait 18 days to reach their destination they can surely wait 35? Or if hitting a date is important, logistics can be planned so the laptops reach UK by the given date.

chola · Post by **chola** » 26 Apr 2017 15:05

hanumadu wrote:http://www.scmp.com/week-asia/business/ ... te-nowhere
By the time it does pull into Yiwu, the train will have completed an epic journey, chugging 12,000km across nine countries in 18 days, with multiple stops along the way to switch locomotives and trucks to cope with all the changes in railway gauges and signalling systems.

Yes, rail is quicker, taking roughly half the time of the sea journey. But it is hard to think of any goods for which it would be worth paying such a hefty premium to get them to their destination in 18 days rather than 35.

Neither can the rail service be scaled up to the extent that it would rival seaborne freight for economy. A single large container ship can carry 10,000 40ft boxes between Europe and China in five weeks. To shift as many boxes by rail would require 294 of the trains that left London two weeks ago. And to get them all to their destination within five weeks, they would have to leave at intervals of no more than 80 minutes apart constantly for 17 days.

The idea of a “Belt and Road” rail cargo route between Europe and China remains nothing more than a fanciful curiosity.
The first train that left china to england carried lap tops. If laptops can wait 18 days to reach their destination they can surely wait 35? Or if hitting a date is important, logistics can be planned so the laptops reach UK by the given date.

From a business standpoint, the destination is an impetus but the goal is the build up of the entire length of the road and subsequent infiltration by chini firms along every stop. Today it is 18 days from China to UK. Tomorrow it is 14 from a factory in Kazakhstan. Later it would be 4 from a warehouse in Bulgaria.

hanumadu · Post by **hanumadu** » 27 Apr 2017 03:42

LIke the article says, the rail network won't scale up even for one container ship load of goods. Imagine hundreds of ship loads.

Why would China want to export jobs to other countries? It's not as if its own people are all gainfully employed. It lied about reducing its production of coal and steel estimating millions of job losses but instead it increased steel production causing greater glut. And what purpose will it solve by locating chinese industries in large cold countries with tiny populations foregoing the advantage of its own large labour reserves? Bulgaria is not even in the route, you probably mean Belarus. China is a country where it will find work any where in the work to export its labour. They would be the last people to export jobs.

7500 miles by train across countries just sounds stupid to me.

chola · Post by **chola** » 27 Apr 2017 04:50

hanumadu wrote:LIke the article says, the rail network won't scale up even for one container ship load of goods. Imagine hundreds of ship loads.

Why would China want to export jobs to other countries? It's not as if its own people are all gainfully employed. It lied about reducing its production of coal and steel estimating millions of job losses but instead it increased steel production causing greater glut. And what purpose will it solve by locating chinese industries in large cold countries with tiny populations foregoing the advantage of its own large labour reserves? Bulgaria is not even in the route, you probably mean Belarus. China is a country where it will find work any where in the work to export its labour. They would be the last people to export jobs.

7500 miles by train across countries just sounds stupid to me.

Then why would they do it? Too much money to burn? Just being stupid on a colossal scale?

Hopefully.

But unlikely. They didn't become such a large economy by being stupid.

Infrastructure is almost always a losing proposition which is why highways, rail and ports are usually government projects. But the benefits comes from higher levels of economic activity over time. The PRC hope to establish chini firms on the ground across the length of this chini financed and chini built road. The exports are less important than the process.

Jobs are not part of this equation, it is the expansion of chini firms into Eurasia.

hanumadu · Post by **hanumadu** » 27 Apr 2017 06:02

China is known to build colossal boondoggles. May be china knows what it is doing, but if we do not see logic or economic reason behind, we should point it out.

tandav · Post by **tandav** » 27 Apr 2017 07:31

hanumadu wrote:
Why would China want to export jobs to other countries? It's not as if its own people are all gainfully employed.

China is a country where it will find work any where in the work to export its labour. They would be the last people to export jobs.

7500 miles by train across countries just sounds stupid to me.

I think Hanumadu makes a great point. Chinese infrastructure development is less about trade and more about exporting Chinese citizens to less populated parts of world and connecting them to the Sinic center. Back a few hundred years ago Beijing conquered Yunnan and South China by building a road as a method to promote trade and in time those areas fell into Chinese orbit.

India too has to be able to expand its footprint globally. As of today with the advent of Trump etc movement of Indians globally has become constrained especially to the first world but if we are not careful it will be constrained even in poorer nations especially if Chinese are able to execute Infra development plans.

chola · Post by **chola** » 27 Apr 2017 08:30

hanumadu wrote:China is known to build colossal boondoggles. May be china knows what it is doing, but if we do not see logic or economic reason behind, we should point it out.

I hope this one breaks their bank but I already explained their logic. Building the road and infiltrating the lenghth and breadth of it is their objective not the exports. A side benefit is they have excess capacity building chit and this uses up some of that.

You don't get to build colossal boondoggles unless you are creating gargantuan credit. And you aren't able to create gargantuan credit if you build colossal boondoggles.

hanumadu · Post by **hanumadu** » 27 Apr 2017 09:37

Well, it depends on how much China is investing in this OBOR. For an economy of its size, it will most likely not bankrupt them. I am just questioning the benefits.

As per generating credit, china has one thing going for it and that is its exports. Its like google. Its search engine revenues fund all its other whims.

hanumadu · Post by **hanumadu** » 27 Apr 2017 09:39

Is the KKH now all weather? They seem to have built a road around the abbottabad lake using tunnels. Can it be reliably used to transport people and goods?

hanumadu · Post by **hanumadu** » 27 Apr 2017 09:58

Deans · Post by **Deans** » 28 Apr 2017 15:02

I have published an article on the CPEC in the latest edition of Indian Military review.

https://goo.gl/I4cuC2

Lisa · Post by **Lisa** » 29 Apr 2017 17:50

http://www.hindustantimes.com/india-new ... G9LrJ.html

China-Pak corridor: Chinese scholar says stop project to sort out differences with India

Deans · Post by **Deans** » 29 Apr 2017 19:54

hanumadu wrote:Well, it depends on how much China is investing in this OBOR. For an economy of its size, it will most likely not bankrupt them. I am just questioning the benefits.

As per generating credit, china has one thing going for it and that is its exports. Its like google. Its search engine revenues fund all its other whims.

Most Chinese `investments' in OBOR are loans from a Chinese State run bank to a Chinese State run corporation. (See my article which analyses
the CPEC investment). Those loans would have to be made anyway, to prevent a collapse of the Chinese economy. In the case of overseas
Chinese investments at least the loans are backed up by some sort of collateral, in the form of mineral rights of some African dictatorship,
guaranteed returns, or trade concessions.

CalvinH · Post by **CalvinH** » 30 Apr 2017 03:15

hanumadu wrote:
7500 miles by train across countries just sounds stupid to me.

Not if you need the following part of the article carefully:

Assuming a very modest average cost of US$2 million per kilometre, upgrading the Euro-Asian railway freight system to handle such volumes – in both directions – would cost at least US$50 billion. Probably it would be many times more. In short, intercontinental rail freight as touted by “Belt and Road” supporters can never be economic.

I think this is coming next. The investment of $50 B in improving lines and infrastructure across central Asian countries. Will keep the surplus capacity in China engaged and help China keep jobs, factories and mines engaged in China.

OBOR is nothing but Chinese ploy to keep the investment cycle going without creating economic bubbles in China. Return are not an issue.

hanumadu · Post by **hanumadu** » 30 Apr 2017 03:25

Even with that upgrade, it can handle one ship load, only one ship load, over 35 days.

CalvinH · Post by **CalvinH** » 30 Apr 2017 03:36

Deans wrote:I have published an article on the CPEC in the latest edition of Indian Military review.

https://goo.gl/I4cuC2

Nicely written and well researched. Very good read and makes for a good reference document for CPEC.

CalvinH · Post by **CalvinH** » 30 Apr 2017 03:39

hanumadu wrote:Even with that upgrade, it can handle one ship load, only one ship load, over 35 days.

Thats not the point. Making it economically viable is not an objective. Just like CPEC.

Karthik S · Post by **Karthik S** » 30 Apr 2017 10:25

Yusuf Unjhawala ‏Verified account @YusufDFI
Yusuf Unjhawala Retweeted Ninjamonkey
Banter aside at best Pak will cede GB to China. Beyond that it will become a game which Pak excels, extorting superpowers with blackmail

Never thought of this possibility, what if pakis use PoK as collateral for their ridiculous loan from cheen and cede it to them ?
We can forget PoK then for good.

hanumadu · Post by **hanumadu** » 30 Apr 2017 13:21

Karthik S wrote:
Yusuf Unjhawala ‏Verified account @YusufDFI
Yusuf Unjhawala Retweeted Ninjamonkey
Banter aside at best Pak will cede GB to China. Beyond that it will become a game which Pak excels, extorting superpowers with blackmail
Never thought of this possibility, what if pakis use PoK as collateral for their ridiculous loan from cheen and cede it to them ?
We can forget PoK then for good.

Actually that will give us an excuse to attack and occupy GB. If the chinese supply lines to Aksai Chin and LAC near Arunachal Pradesh are tenous, they must be even worse in GB. They are even further from main land china, the karakoram highway is now all weather but very delicate at stretches looking a biker videos on you tube. It looks like at some stretches the chinese have managed to lay only a single lane. Mud slides seem a regular occurrence as the road was covered in mud at places. The slopes of the mountains looks ominous and a massive land slide should not be too hard to engineer.

Neshant · Post by **Neshant** » 30 Apr 2017 13:24

It looks like a road to dump surplus goods produced for walmart that are piling up in their warehouses.

hanumadu · Post by **hanumadu** » 30 Apr 2017 14:16

KKH in winter.

Deans · Post by **Deans** » 30 Apr 2017 15:18

Neshant wrote:It looks like a road to dump surplus goods produced for walmart that are piling up in their warehouses.

Xinjaing produces cotton. Cotton based products are 57% of Pakistan's exports. If Pak can't repay loans, or give the guaranteed rate of
return on power projects etc, they will end up giving land in Gwadar port for a tax free export zone to the Chinese - exactly as the Chinese have
done in Sri Lanka. Then cheap Chinese cotton travelling down from Xinjaing gets processed tax free in Gwadar and is exported as a Chinese product. Pak pays (repays CPEC loans for the highway at inflated costs) to get screwed.

Xinjaing is also China's largest source of domestic oil. So, the idea that oil will be imported from the middle east and travel up the CPEC highway
to power Xinjaing, at 10 times the price it costs to be shipped by sea, is ludicrous.

Tuan · Post by **Tuan** » 01 May 2017 07:26

ramana wrote:
Peregrine wrote:India-US military logistics pact is anti-Muslim, Hafiz Saeed says

NEW DELHI: The recent India-US pact to share their military bases for repair and resupply is anti-Pakistan, meant to counter the China-Pakistan Economic Corridor+ (CPEC) and, in fact, against the Muslim world, declared Pakistan-based terrorist Hafiz Saeed+ on Wednesday, ANI reported.

Given these things, it's only logical China and Pakistan get even closer, the terrorist said.

"The US has issues with China, India has issues with Pakistan. The interest of both (China and Pakistan) has become one because of CPEC (China-Pakistan Economic Corridor+ )," said Saeed, founder of the terror group Lashkar-e-Taiba, and Mumbai blasts mastermind.

Just yesterday, Pakistan's army chief Raheel Sharif said the security and timely completion of CPEC - that goes through Pakistan-occupied-Kashmir - is Pakistan's "national duty, and no power will be allowed to disrupt it." China is building the corridor+ that will cost a whopping $46 billion. It is considered to be an extension of China's ambitious One Belt, One Road initiative.

The India-US pact facilitates the provision of logistical support, supplies and services between the US and Indian militaries on a reimbursable basis, and provides a framework to govern them. And the US has agreed to elevate defence trade and technology sharing with India to a level commensurate with its closest allies and partners.

Analysts have said that US would like to use the pact to counter China's growing military might - particularly airbases - in the South China Sea. Countering terrorism, a prime objective of the US and India, will also be facilitated by the pact, analysts added.

Having the pact "makes it much simpler for American naval and air forces to fight there. The US does not have actual bases in India. But, it has the next best thing - a simple way to use India's bases," Forbes magazine said in an editorial.

Cheers

For CPEC to succeed, there should be “One Belt, One Road, plus One World”, initiative that will mutually benefit not only the regional players but also the global players. Because, by and large, the world is interconnected and interdepended.

Ultimately, everything comes down to growing competition for the global natural resources and thus we should first look at growing global population and its consequences, such as the impact of human footprint on earth, and scarcity and depletion of natural resources.

Second, the ever-increasing industrialization and its effect on global warming, particularly meeting the needs of the global economic growth; for instance, the countries in Global South, mainly Brazil, China and India as emerging industrialized countries and their use of global resources, which leads to pollution, rising sea level and frequent natural disasters.

Third, the technological revolution and its effects on global warming, such as the booming automobile industry, our reliance on fossil fuels and oil pipelines, which lead to increasing carbon dioxide production and its effects on the greenhouse gas emissions. As the human population continues to increase, finite natural resources, such as fossil fuels, fresh water, and arable land, continue to decrease, which is placing competitive stress on the conservation and sustainability of the earth.

It is therefore, the divided world and archrivals, such as India, Pakistan, US, Russia, and China must come together first. The first place we can start doing that is by rethinking and reforming the UN, primarily removing the power of veto, or giving the security council/general assembly the ability to override veto with a majority vote. That should be a starting point….

About | The 05 File Project

Peregrine · Post by **Peregrine** » 01 May 2017 13:29

X Posted on the STFUP & India's Shipping Sector Threads

Iran offers India to run phase one of Chabahar Port

NEW DELHI: India's presence in the strategically located Iranian port of Chabahar — Delhi's primary gateway to landlocked Afghanistan — is all set to get a big boost.

Tehran has recently proposed to Delhi to manage phase one of the port built by Iran even as the two sides are still negotiating terms and conditions of Delhi's role in expanding phase two of the port where the Modi government wants to invest Rs 150 crore, or $235 million. ET has learnt that Tehran has offered Delhi management rights for two years for phase one of the port and such rights could be renewed by another decade.

But port management proposal is not just only development regarding Chabahar Port, there will be hectic activities with a trilateral meeting being planned between Iran-India-Afghanistan on operation of Chabahar Port in May. Last year, the three sides had signed an agreement for operation of Chabahar Port.

Besides, a summit to attract investments for the Special Economic Zone in the port complex will be held mid-May in Iran. Delhi-Kabul-Tehran could also hold trilateral consultations on the future of Afghanistan soon with Indian foreign secretary S Jaishankar planning to visit Tehran in the future close on the heels on series of consultations organised by Moscow on dealing with the Afghan situation and use of Mother of All Bombs by the USA against the ISIS. The visit of the US NSA to India also provided India an opportunity to understand Washington's plan for the landlocked country.

Incidentally these meetings in Iran are expected to occur ahead of the presidential polls where the incumbent Rouhani is seeking re-election.

India's allotment of $235 million for phase two of Chabahar is divided into two parts — $150 million Line of Credit (LoC) from the EXIM Bank for development of port complex and $85 million — allotted later following contract between the two sides for supply of equipment to develop two berths in the port complex.

Adani Ports & Special Economic Zone Ltd. operator of India's largest port, and Essar PortsBSE 0.15 % are among the companies that have expressed an interest in managing and operating two terminals at Chabahar. JM Baxi Group, known in India for its chartering, broking and other shipping services, has also shown interest. The India Ports Global Limited, the company mandated to drive India's investments in overseas, on March 17 invited firms to express interest if they want to be considered for a strategic partnership.

India has been negotiating with Iran for releasing initial tranche from $150 million worth LoC ever since MoU was signed with Shipping Minister Nitin Gadkari's visit to Tehran in May 2015 weeks before the Persian Gulf country signed the landmark nuclear deal with the global powers. The contract between the two countries for developing the port -- that will rival Pakistan's Gwadar Port --was finalised when the Indian PM visited Tehran in May 2015.

This strategic port will allow India to circumvent Pakistan and access Afghanistan and Central Asia directly via sea. India is also constructing railway line between Chabahar and Zahedan to connect Port to rest of the Iranian railway network.

Cheers

anupmisra · Post by **anupmisra** » 01 May 2017 17:48

More SeePack-related metrics are slowly creeping in. All hail SeePack! Death to the naysayers!!

Looking at CPEC costs amid hype

Islamabad had yet to determine the expected cost and benefit, expressed in monetary terms, of the mega project

Based on the profile of workforce engaged on projects in progress, officials insist that over 80pc direct new jobs will be filled by locals in the initial years.(read: all the middle and upper level jobs will be given to the chini iron birathers)

Many jet-lagged officials, shuttling between Beijing and Islamabad, were not perfectly comfortable with questions raised over transparency and the perception that Pakistan might end up giving more than getting from China in the $56bn mega project.

Please stop this propaganda against the CPEC. Yes, we can’t invent numbers to please anyone.

We (now) intend to hire consultants for a proper cost benefit analysis based on data. The results will be shared with the media (if the results match our beliefs)

the facility of duty-free import of machinery, not locally available...

Besides income and dividends ...have been granted 23 years exemption from income tax.

income and interest earned by a foreign lender ...enjoy 23 years exemption from income tax

Similar exemptions have been given to the China Railway Corporation for the Orange Line and rail-based mass transit projects in the four provincial capitals.

However, faith in iron brothers trumps all.

(However) CPEC enjoys the support and backing of all political parties and segments of the establishment and that its popularity among the public will grow when gains start touching their lives

Corporate heads gave a guarded response. They tried to veil their fear of competition and hammered on issues such as transparency and sovereignty to oppose CPEC and demanded terms similar to those offered to the Chinese for future projects

The public appeared to be confused. They liked the idea of China being on Pakistan’s side historically but were found to be a little uncomfortable with the sudden influx of Chinese nationals in their midst

Pakistan-based Chinese officials dismissed such concerns and advised critics to shed bias

https://www.dawn.com/news/1330234/looki ... -amid-hype

chetak · Post by **chetak** » 01 May 2017 21:26

where there are hans there will be pigs because that is what the hans eat.

how are the halal pakis going to take to that, the cooking of pork all along the CPEC route to feed the han workers??

Peregrine · Post by **Peregrine** » 01 May 2017 22:40

https://youtu.be/PyN8MMrShTQ

Cheers

Prem · Post by **Prem** » 02 May 2017 01:01

shravanp · Post by **shravanp** » 02 May 2017 08:04

We don't need what Pakistan produces: China envoy

BEIJING: In a rare show of candour, a Chinese envoy has said that China has little interest in importing goods produced in Pakistan. It would be ready to import only after Chinese factories are established in Pakistan, and they begin manufacturing, the envoy said.
Explaining the reason behind the China-Pakistan trade imbalance, Chinese Ambassador to Pakistan Sun Weidong said that Pakistan is not producing the goods that are needed in China. But the situation will change when Chinese companies start producing such products in Pakistan, he said during a meeting with leaders of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Islamabad, according to several media reports.
The statement confirms rising concerns that Pakistani business may have little to gain from the much-hyped China-Pakistan Economic Corridor (CPEC) because it would largely benefit Chinese business. New infrastructure would not only provide construction contracts, they will also help to create the right situation for establishing Chinese factories.
Despite promises of support from China, which describes itself as Pakistan's "iron brother", Chinese buying of Pakistan-made goods fell sharply in the first half of 2016-17 to $770 million against $1.02 billion a year ago. The full year data for 2016-17 is not yet available but early indications show a steep slide.Pakistan's exports to China has been continuously falling from $2.69 in 2013-14 to $1.9 billion in 2015-16.
Compared to these numbers, China has been promising the moon painting a picture of 16-fold increase in Pakistani exports.
"Pakistan can enhance its exports to $35 billion for which serious efforts are needed," Sun was quoted by the Pakistani media as saying during discussions with FPCCI leaders.
Such tall claims have raised serious questions which are being voiced by a section of Pakistani intelligensia and the media.
"There is a fear lurking in the shadows of CPEC that a time will soon come when the Chinese will start dictating terms and priorities rather than negotiating them," the Dawn in Pakistan said in an editorial on Sunday.
"As an increasing number of Chinese enterprises acquire stakes in Pakistan's economy, and as the government takes out more and more loans from Chinese state-owned banks for the balance of payments support, the space to negotiate and protect our own interests diminishes," it said.
This was evident in the manner China asked Pakistan to refuse a loan offer by the Asian Development Bank, and use a single source funding from a Chinese bank for the $8bn Peshawar-Karachi railway line project, the paper pointed out.

http://timesofindia.indiatimes.com/worl ... 463839.cms