China Watch Thread-I

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Austin
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Re: China Watch Thread-I

Post by Austin »

U.S. and China end summit with 100-day plan to boost trade and cooperation

https://www.washingtonpost.com/politics ... 017d0e2419
Trump aides who participated in the talks described a productive first meeting between the leaders, saying they exhibited “positive” chemistry. Commerce Secretary Wilbur Ross said the two sides agreed to speed up trade talks to help close a lopsided imbalance in China’s favor, a common campaign-trail complaint of Trump’s.

“This may be ambitious, but it’s a big sea change in the pace of discussions,” Ross said. “It’s important symbolism of the growing rapport between the two countries.”

Trump advisers said the goal, at least from the U.S. side, was to increase American exports to China. But they offered no details about how they planned to achieve that.

Treasury Secretary Steven Mnuchin said there was “acknowledgment” from the Chinese side “that we do need to get to a more balanced trade environment.”
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China Hails US Readiness to Cooperate on ‘One Belt, One Road’ Strategy

https://sputniknews.com/politics/201704 ... t-one-road
China welcomes US participation in cooperation within the "One Belt, One Road" strategy, the Chinese Foreign Ministry said in a statement following the visit of leader Xi Jinping to the United States.
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Re: China Watch Thread-I

Post by schinnas »

Austin wrote:U.S. and China end summit with 100-day plan to boost trade and cooperation

https://www.washingtonpost.com/politics ... 017d0e2419
Trump aides who participated in the talks described a productive first meeting between the leaders, saying they exhibited “positive” chemistry. Commerce Secretary Wilbur Ross said the two sides agreed to speed up trade talks to help close a lopsided imbalance in China’s favor, a common campaign-trail complaint of Trump’s.

“This may be ambitious, but it’s a big sea change in the pace of discussions,” Ross said. “It’s important symbolism of the growing rapport between the two countries.”

Trump advisers said the goal, at least from the U.S. side, was to increase American exports to China. But they offered no details about how they planned to achieve that.

Treasury Secretary Steven Mnuchin said there was “acknowledgment” from the Chinese side “that we do need to get to a more balanced trade environment.”
So Trump didn't get anything material except some sympathetic statement from 11 that more balanced trade would be good.
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Post by Austin »

He got assurance on Jobs , Investment and more balanced trade which is what he wanted. US has also agreed to jointly work with China on NoKo which is what china wanted.

China now enjoys a silent power of king within US establishment be it Dems , Reps or Business Community , You would hardly find any one of worthy in US who openly criticise China if at all its just a passing statement for optics.

Most Liberal Media in US has been criticising DT for calling for trade wars or any sort of military action against NoKo.

DT had to eat his own words on Taiwan and all his talks of China Raping US has come to cold stop , He probably did not realise how big the lobby of China is inside US Estb.
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China Watch Thread-I

Post by Peregrine »

X Posted on the Managing Chinese Threat Thread

India is damaging our interests: China

BEIJING: China said India was fuelling tensions and damaging its interests by allowing the Dalai Lama to visit Arunachal Pradesh, reported foreign media.

“I can confirm (that) China has lodged protests in Beijing and Delhi,” Chinese foreign ministry spokesperson Hua Chunying told a media briefing.

The protest was lodged in Beijing with Indian ambassador to China Vijay Gokhale.

In Delhi, it was done with the competent officials of the Ministry of External Affairs, Hua said.

Asked whether Beijing views India’s permission to the 81-year-old leader to visit Arunachal Pradesh amounted to questioning the ‘One China’ policy, Hua said, “I want to re-emphasise that on issues concerning China’s major concern and core interests, territorial and sovereignty, our position is consistent.”

“By inviting and approving the Dalai Lama to (visit) disputed areas, India has damaged our interests and the India-China relationship, and fuelled tensions,” she said.

“We oppose the visit to relevant areas and attempts by relevant countries to arrange a platform for the Dalai Lama to conduct anti-China activities. We urge the relevant country to stop such erroneous actions and stop undermining Chinese interests,” she said.

The Dalai Lama is currently on a nine-day visit to Arunachal Pradesh.

On the other hand, Chinese media, amid the raging row over the Dalai Lama’s Arunachal Pradesh visit, warned India that China, with its superior military, could engage in a “geopolitical game” as India’s “turbulent northern state” borders the country, a veiled reference to Kashmir.

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Post by arun »

X Posted from the “Analyzing CPEC” thread.

Forget OBOR and CPEC for transit options lying to the West of India and instead think INSTC.

The International North South Transportation Corridor (INSTC) inches forward and provides India a potentially viable transit alternative on the West of our country to transit options in which the Peoples Republic of China is sponsor, such as One Belt One Road (OBOR) and in particular its China Pakistan Economic Corridor (CPEC) leg:

International North South Transportation Corridor for better Indo-Russian connectivity inches towards reality
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Post by Austin »

China or Russia? U.S. May Have to Choose an Ally

http://www.newsweek.com/china-russia-us ... lly-580280
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Re: China Watch Thread-I

Post by chetak »

from a paki paper.

Note the tone and tenor of the original amreki author and indeed the headline itself

They want India to help china dominate trade in the region, expecting India to forgo it's own supreme national interests just to help china get the upper hand.

do these buggers ever read whatever the shit they write??

India stands in the way of China’s free trade ambitions
India stands in the way of China’s free trade ambitions

A China-backed trade deal meant to cement Beijing’s dominance in Asia has veered off course because India is hesitant to open its borders to cheap Chinese goods.

Without the participation of India, the third-largest Asian economy, the free-trade zone China hoped to create might still happen, but it won’t carry the same economic heft, depriving Beijing of the chance to set the trade rules for the region.


The missed opportunity puts China on much the same footing as the United States, as Chinese President Xi Jinping and US President Donald Trump continue their first face-to-face meeting Friday at Trump’s Palm Beach, Fla. club, where the trade tensions between their two countries will be a major point of discussion.

Trump withdrew from the sprawling Trans Pacific Partnership with 11 other countries as one of his first acts in office, squandering a chance for the United States to steer trade in Asia.

Now China looks like it may lose its chance as well, over Indian Prime Minister Narendra Modi’s refusal to open its borders.

“India is reasons one, two and three why the deal might not get done,” said Douglas Paal, vice-president for studies at the Carnegie Endowment for International Peace and a former adviser to Taiwan on trade. “There’s a strongly-held belief that this will bring in unwanted competition.”

The China-backed Regional Comprehensive Economic Partnership is currently being negotiated between the 10 members of the Association of Southeast Asian Nations (Asean), plus six other Asian nations — Australia, China, India, Japan, South Korea and New Zealand. If approved, it would cover 46 per cent of the world’s population and 24pc of global GDP. It would also leave the United States on the sidelines, as Washington is not a signatory on the deal.

India, though it is participating in the trade talks, is balking at opening its market to Chinese products. Like the United States, India’s trade deficit with China is big: $52 billion.

Modi doesn’t want lower cost imports to compete with ones made in India even if it means opening foreign markets to Indian companies.

“The Modi government — one of the most pro-business in India’s history — is not necessarily pro-trade,” Rick Rossow, the Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies, said. “He’s still very uncomfortable with really deep trade integration.”


The Indian prime minister has made growing his country’s manufacturing sector a priority. In September 2014, he launched the “Make in India” initiative in an effort to expand manufacturing after growth there fell to its lowest level in a decade. The goal is to make the sector more efficient and attractive for foreign investment.

And it appears to be working. GE, Siemens, HTC, Toshiba, and Boeing have either established or are in process of setting up manufacturing operations in India, according to the Indian Brand Equity Foundation. Modi’s hope is to grow manufacturing to represent 25pc of Indian GDP by 2025. Right now, it accounts for 16pc.

Still, the RCEP is likely to be agreed to in some forms, multiple trade experts said. Asean, which is celebrating its 50th anniversary this year, has pledged to finalise the deal before the end of the year to mark the occasion.

The next round of negotiations are set to take place in the Philippines in May.

“RCEP is a diplomatic exercise,” said Derek Scissors, a resident scholar at the American Enterprise Institute who studies the Indian and Chinese economies. “It’s gotten more attention since TPP died, but diplomatically it’s important” to agree to something by the end of the year.

Any deal will be a watered-down version of the original plan to create a free-trade zone, which is something India would never agree to, Ross said.

The current deal also lacks the protections for labour, human rights and the environment that were contained in the TPP.

“It’s a low grade deal as it is,” said Andrew Small, a China expert at the German Marshall Fund.

“Whatever results form this is not going to be a free trade agreement that we would have seen with TPP. For India to agree, there would have to be even a lower bar than there is right now,” he said.

Edmund Sim, a trade lawyer who has worked throughout Asia, said it’s misleading to compare the two deals because the regulatory, environmental, and worker standards were so much tougher in the TPP.

“RCEP had lower ambitions. Completing it will be less of a milestone that TPP would have been,” Sim, who is a partner at the Washington law firm Appleton Luff, said.

Bloomberg-The Washington Post Service

Published in Dawn, April 9th, 2017
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Re: China Watch Thread-I

Post by ranjan.rao »

Chetak they do. and they believe in it. The sad thing is we dont our media does not have this much patriotism and geo-strategic awareness to write articles with Indian PoV.
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Re: China Watch Thread-I

Post by chola »

Austin wrote:He got assurance on Jobs , Investment and more balanced trade which is what he wanted. US has also agreed to jointly work with China on NoKo which is what china wanted.

China now enjoys a silent power of king within US establishment be it Dems , Reps or Business Community , You would hardly find any one of worthy in US who openly criticise China if at all its just a passing statement for optics.

Most Liberal Media in US has been criticising DT for calling for trade wars or any sort of military action against NoKo.

DT had to eat his own words on Taiwan and all his talks of China Raping US has come to cold stop , He probably did not realise how big the lobby of China is inside US Estb.
Trump like his predecessors is not stupid. He is not gojng to throw the world, and especially the Fortune 500, into a spiral right now with a trade war.

And no, he has not eaten his own words on Taiwan. Recognizing Taiwan is still an explicit threat that will overhang any PRC behavior overtly dangerous to the US. He raised this sword over their heads by telling them early on he is someone who will break their f-kng china shop if they don't play proper ball under US rules.

And none of this stops the military pivot to the China coastline. All that is needed is a single PRC misstep. Perhaps that will come in the form of Taiwan's recognition.
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Re: China Watch Thread-I

Post by chanakyaa »

As expected, the border tax or calling China out for unfair trade practice was as usual a negotiating tactic to extract concessions. All the disagreements with China are a ploy to gain moer and moer access to the Chinese market, especially the financial markets which can be easily manipulated.

(Financial Times) China offers concessions to avert trade war with US
China will offer the Trump administration better market access for financial sector investments and US beef exports to help avert a trade war, according to Chinese and US officials involved in talks between the two governments. 

US President Donald Trump and Xi Jinping, his Chinese counterpart, decided at their first meeting in Florida last week that they needed rushed trade negotiations to produce results within 100 days. The two concessions on finance and beef are relatively easy for Beijing to make.

At present, foreign investors cannot hold a majority stake in securities and insurance companies in China. The country’s largest companies in these sectors, such as Citic Securities and China Life Insurance, have achieved enormous scale in the 15 years since the world’s second-biggest economy joined the World Trade Organisation, making them formidable competitors for new entrants to the market.

The concession to allow majority foreign ownership was discussed during Barack Obama’s administration, when Chinese and US negotiators held several rounds of talks about a bilateral investment treaty, or BIT. 

Mr Trump has not yet said if he intends to pursue the treaty, which US negotiators hoped would address China market access issues in a wide range of industries.

“China was prepared to [raise the investment ceilings] in the BIT but those negotiations were put on hold [after Trump’s election victory],” said one Chinese official involved in the talks. “Had Obama been in office for another six months we would have gotten there.” 

China is also willing to end a ban on US beef imports that has been in place since 2003, officials said, and buy more grains and other agricultural products as it seeks to reduce tensions stemming from the $347bn annual trade surplus in goods that it enjoys with its biggest trading partner.

Mr Trump’s campaign threats last year to slap tariffs on Chinese goods and declare Beijing a currency manipulator have raised fears of a destructive trade war between the world’s two largest economies. But since taking office the former reality television star has moderated his rhetoric and cabinet officials have signalled they plan to take a more pragmatic approach.

If concluded, the mooted deal would be welcomed by US financial services companies, which have grown increasingly frustrated in recent years about what they say are rising barriers to doing business in the country. Beef exporters have also complained about the lingering Chinese ban on US imports, which was introduced after a BSE scare in the US herd.

Had Obama been in office for another six months we would have gotten there
Chinese official
While a comprehensive Sino-US investment treaty remains a distant prospect, both sides are hoping to achieve a number of smaller trade deals in the coming three months. 

On Saturday, Mr Trump tweeted that Mr Xi’s two-day visit to his resort at Mar-a-Lago had been “tremendous”, before adding a warning shot. 

“Goodwill and friendship was formed,” the US president said in a follow-up tweet. “But only time will tell on trade.”

US officials are pressing their Chinese counterparts to lower their current 25 per cent tariff on automotive imports. Beijing in return would like greater protection for Chinese investment in the US, which tripled last year to more than $45bn, and also for Washington to relax restrictions on the sale of certain high-tech products to China.

The Chinese government may simply commit to buy more US imports in the same way that Japan did in the 1980s.

Chad Bown, a trade expert at the Peterson Institute for International Economics, said such a transactional approach would potentially help reduce the US trade deficit in the short term and appeal to Mr Trump’s instincts as a dealmaker. But it would have its limits.

“We’re not going to export a whole lot of steel to China,” Mr Bown said. 

Thanks to a state-directed investment stimulus unleashed in the wake of the global financial crisis, Chinese steelmakers now produce more steel than the rest of the world combined. With the Chinese economy now growing at its slowest pace in a quarter century, reduced demand at home has led to a surge in steel exports, causing global prices to collapse.
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Post by Austin »

China, Myanmar Sign Historic Deal on Oil Pipeline After Decade of Talks

https://sputniknews.com/asia/2017041110 ... line-deal/
During the talks Xi also stressed that Beijing was interested in close cooperation with Naypyidaw, in particular, in connectivity projects and creation of special economic zones.

China and Myanmar agreed on construction of a 770 kilometer-long (478 miles) pipeline about 10 years ago, with works completed in 2014. However, the launch had never taken place due to constant disagreements between the two countries. The pipeline has a strategic importance to China.
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Post by SSridhar »

That could mean that Daw Aung San Suu Kyi has decided that Myitsone is a 'no go'. O&G pipelines are a sweetener.
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China Watch Thread-I

Post by Peregrine »

X Posted on the Managing Chinese Threat Thread

China's financial trends are 'dangerous and unsustainable'', says International Monetary Fund

NEW DELHI: Even though the International Monetary Fund (IMF) said today that it may increase its 2017 GDP projection for China - after better than-expected first-quarter growth numbers - it warned that financial trends from that country are "dangerous and unsustainable."

On Tuesday, the IMF raised its 2017 growth projection for China's economy to 6.6 percent from 6.5 percent and soon it may raise it again, said Changyong Rhee, director of the Asia and Pacific Department at the fund.

"In China, the GDP growth rate for the first quarter, which was just released, is 6.9 percent which is higher than we expected.There is upside risk to our current projection," Rhee told reporters at a briefing earlier today.

Still, the IMF said China's financial trends are unstable. The reasons?

"China's economy remains beset by many distortions, such as an excessive role of the state, large resource misallocation in many areas, state owned enterprises that lack budget constraints and financial discipline," said Markus Rodlauer, deputy director of IMF's Asia and Pacific Department.

"When this would unravel in some way or another, nobody can predict," Rodlauer said, adding that for now, in the near term, the trend is somewhat sustainable.

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Beijing’s latest worry: Thousands of Chinese jihadis joining terror groups in Syria
Thousands of Chinese jihadis have come to Syria since the country's civil war began in March 2011 to fight against government forces and their allies
the Chinese fighters of the Turkistan Islamic Party in Syria are organized, battled-hardened and have been instrumental in ground offensives against President Bashar Assad’s forces in the country’s northern regions
the Chinese government is one of Assad’s strongest international backers
...the majority of Chinese jihadis are with the Turkistan Islamic Party in Syria, whose vast majority are Chinese Muslims, particularly those from the Turkic-speaking Uighur majority native to Xinjiang in China.
http://indianexpress.com/article/world/ ... e-4623607/
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China Watch Thread-I

Post by Peregrine »

China bans dozens of Muslim names for babies in Xinjiang

BEIJING: China has banned dozens of Islamic names like 'Saddam' and 'Jihad' for babies belonging to the restive Muslim-majority Xinjiang province, in a move that would prevent children from getting access to education and government benefits, a leading rights group said on Tuesday.

Xinjiang authorities have recently banned dozens of names with religious connotations common to Muslims around the world on the basis that they could "exaggerate religious fervour," the Human Rights Watch (HRW) said.

Islam, Quran, Mecca, Jihad, Imam, Saddam, Hajj, and Medina are among dozens of baby names banned under ruling Chinese Communist Party's "Naming Rules For Ethnic Minorities," an official was quoted as saying by Radio Free Asia.

Children with banned names will not be able to obtain a "hukou," or household registration, essential for accessing public school and other social services, it said.

The new measures are part of China's fight against terrorism in this troubled region, home to 10 million Muslim Uyghur ethnic minority.

This is the latest in a slew of new regulations restricting religious freedom in the name of countering "religious extremism," the HRW said.

Conflicts between the Uyghur and the Han, the majority ethnic group in China who also control the government, are common in Xinjiang.

A full list of names has not yet been published and it is unclear exactly what qualifies as a religious name, it said.

On April 1, Xinjiang authorities imposed new rules prohibiting the wearing of "abnormal" beards or veils in public places, and imposing punishments for refusing to watch state TV or radio programmes.

These policies are blatant violations of domestic and international protections on the rights to freedom of belief and expression, the HRW said.

Punishments also appear to be increasing for officials in Xinjiang who are deemed to be too lenient.
In January, the authorities imposed a "serious warning" on an official for complaining to his wife through a messaging app about government policies.

NOT A DICKIE BIRD FROM THE LAND Of THE PURE AND HOME OF THE TERRORIST NOR A DICKIE BIRD FROM THE SO-CALLED ALL POWERFUL OIC - ORGANIZATION OF ISLAMIC COUNTRIES!

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Post by Malayappan »

Puffing across the ‘One Belt, One Road’ rail route to nowhere
Compared to sea or air, the Europe-China freight service just makes no economic or environmental sense, either coming or going
it is the breathless claim that the rail service is cheaper than air freight and faster than shipping by sea that needs closer examination. This is undoubtedly true, but in itself it is hardly a selling point. You might just as well point out that rail is slower than air freight and more expensive than marine transport, which of course is equally true
Worth checking out! Some data points too!
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-Duplicate-
Last edited by anupmisra on 26 Apr 2017 02:18, edited 1 time in total.
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China Watch Thread-I

Post by Peregrine »

Haldi Gyaara unable keep the Cat in the Bag - Vivashta Ka Naam : Mahatma Gandhi

India's participation crucial for China's silk road project: Beijing media

BEIJING: India's participation was very important for China's silk road initiative because its attitude will affect the decision of some of the countries to join the multi-billion dollar project, a state-run newspaper said today.

"India's participation is very important to the Belt and Road initiative. It's not only because of India's population, labour resource and market size, but also India's political influence on countries in South Asia and the Indian Ocean," an article in the Global Times said.

Written by Liu Zongyi, senior fellow of Shanghai Institutes for International Studies, the article said India's attitude toward the Belt and Road initiative will affect these countries' decisions on whether to participate in the initiative.

China requires India's cooperation on anti-terrorism, regional stability and security in building the Belt and Road venture, it said.

"India's attitude toward the initiative is clear: supporting some part of the Belt and Road, opposing and hedging the China-Pakistan Economic Corridor (CPEC) and the Maritime Silk Route, and delaying and replacing the Bangladesh-China-India-Myanmar (BCIM) economic corridor," the article said.

Three years have passed since the Belt and Road project was formally proposed by China and has improved the infrastructure construction and economic development in South Asia, while also stimulating the South Asian regional connectivity, it said.

"Indian government's stance on the initiative has changed slightly. India will hold the third BCIM working group meeting soon, which has been postponed for more than three years, and some Indian experts said they would like to see some concrete progress and put forward some concrete projects," it said.

China is set to hold the One Belt One Road summit next month in which leaders of 28 countries, including Pakistan Prime Minister Nawaz Sharif and Sri Lankan Premier Ranil Wickremesinghe, will take part. The meeting will be held from May 14-15.

India is yet to announce its participation in the meeting.

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Post by Neshant »

India's participation would legitimize their illegal building of roads through POK.

Do not do it.

In any case, the One Belt Road is a means of dumping surplus walmart produced goods from China that's piling up in warehouses onto other countries.

You don't need a road for that when boatloads of that crap is ready to be shipped to any port in the world at a moment's notice.
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Post by ArjunPandit »

Neshant wrote:India's participation would legitimize their illegal building of roads through POK.

Do not do it.

In any case, the One Belt Road is a means of dumping surplus walmart produced goods from China that's piling up in warehouses onto other countries.

You don't need a road for that when boatloads of that crap is ready to be shipped to any port in the world at a moment's notice.
Had it been UPA3, dollars in Swiss bank accounts of Maino/Raul/Vadra, threats of disclosing gory secrets, threats of war would have done the job . Thankfully, better sense prevailed. WE MUST prepare for the right time to strike and demolish these, while saying them Chinese investments would be honored after Pakistan is dismembered.
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China should stop CPEC if disputes rise: Top party academic - India Today
"Any transnational projects involve concerns of different countries," he said. "We need to coordinate that to strike a balance to be acceptable to all parties. If we can't reach that balance, maybe we can stop it for sometime."

Zhang also said that contrary to many reports, China hasn't already committed $46 billion to CPEC. "There is some misunderstanding about China Pakistan cooperation. Yes it's tens of billions but its not one lump-sum investment. It is a gradual investment."

China is unlikely to do a u-turn on CPEC, a part of which runs through PoK. Beijing has already given the green light to expanding the Karakoram highway, the Gwadar port project and a number of energy projects.
Is really China backing off due to pragmatism
or
this drama is part of Blowing Hot - n - Blowing Cold to stop any formal US-Japan-India nexus?
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chanakyaa
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Karthik S
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Post by Karthik S »

Subramanian Swamy‏Verified account @Swamy39
Dawood was reportedly seen in a Beijing hospital to get a "Jaipur" right leg. I have asked my friends in China if it is confirmed. Wait
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U.S. EMBASSY C O N F I D E N T I A L SECTION 01 OF 06 BEIJING 003128

SIPDIS. 2009 November 16, 12:20 (Monday)

SUBJECT: PORTRAIT OF VICE PRESIDENT XI JINPING: ‘AMBITIOUS SURVIVOR’ OF THE CULTURAL REVOLUTION .

Unlike those in the social circles the professor ran in, Xi Jinping could not talk about women and movies and did not drink or do drugs.
Xi was considered of only average intelligence, the professor said, and not as smart as the professor's peer group. Women thought Xi was ‘boring’.
The professor never felt completely relaxed around Xi, who seemed extremely ‘driven’. Nevertheless, despite Xi's lack of popularity in the conventional sense and his ‘cold and calculating’ demeanor in those early years, the professor said, Xi was ‘not cold-hearted’. He was still considered a ‘good guy’ in other ways. Xi was outwardly friendly, ‘always knew the answers’ to questions, and would ‘always take care of you’. The professor surmised that Xi's newfound popularity today, which the professor found surprising, must stem in part from Xi's being ‘generous and loyal’.
Xi also does not care at all about money and is not corrupt, the professor stated. Xi can afford to be incorruptible, the professor wryly noted, given that he was born with a silver spoon in his mouth. In the professor's view, Xi Jinping is supremely pragmatic, a realist, driven not by ideology but by a combination of ambition and ‘self-protection’.
Xi knows how very corrupt China is and is repulsed by the all-encompassing commercialization of Chinese society, with its attendant nouveau riche, official corruption, loss of values, dignity, and self-respect, and such ‘moral evils’ as drugs and prostitution, the professor stated. The professor speculated that if Xi were to become the Party General Secretary, he would likely aggressively attempt to address these evils, perhaps at the expense of the new moneyed class. Source..

He’s also a straight shooter, as his comment about politics reveals:

People who have little experience with power–those who are far from it–tend to regard politics as mysterious and exciting. But I look past the superficialities, the power, the flowers, the glory, the applause. I see the detention houses, the fickleness of human relationships. I understand politics on a deeper level.–Xi Jinping, President of China.
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Post by kit »

India just needs to keep out of CPEC in every way to destroy it ..completely
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China Watch Thread-I

Post by Peregrine »

X Posted on the STFUP Thread

China may put South Asia on road to debt trap

NEW DELHI: China’s grandiose global connectivity initiative -- One Belt One Road (OBOR) or Belt& Road Initiative (linking China with Europe via SE Asia & C Asia through land & sea links) -- which is set to receive a formal endorsement at the May 14-15 international meet (OBOR MEET) has the potential of adverse economic implications for countries in South Asia as reflected by the situation in Sri Lankan that has run into a huge debt trap by welcoming Chinese-funded projects.

While the Lankan PM is expected to attend OBOR among 28 other leaders from across the continents, Colombo is running up huge financial losses owing to high interest rates charged by Chinese lenders for the mega infrastructure projects which will now be part of OBOR. Pakistan is no better either as the huge sum of over $50 billion for China-Pakistan-Economic-Corridor can spell doom for an already faltering Pakistani economy.

Debts are turning into equity and finally ownership for Chinese firms that will not only adversely impact Sri Lankan and Pakistani economies but also create security implications for India due to China’s constant presence in the periphery. This has major lessons for Bangladesh and Nepal where China has assured to invest billions. While Bangladesh is skipping the OBOR meet, Nepal has downgraded its participation at the meet from the level of President to Deputy PM.

Sri Lanka’s growing economic engagement with China has generated concern among scholars and policymakers. China has provided Sri Lanka with over $5 billion between 1971 and 2012, and most of this has gone into infrastructure development, with China investing $1 billion into a deep-water port at Hambantota and billions into the Mattala Airport, a new railway and the Colombo Port City Project.

As a country emerging from civil war, infrastructure is crucial in facilitating Sri Lanka’s trade and foreign investment sectors. The World Bank forecasts that Sri Lanka’s GDP is likely to grow from 3.9% in 2016 to around 5% in 2017.

Sri Lanka has borrowed billions of dollars from China to build domestic infrastructure. Sri Lanka’s estimated national debt is $64.9 billion, of which $8 billion is owed to China -- this can be attributed to the high interest rate on Chinese loans. For the Hambantota port project, Sri Lanka borrowed $301 million from China with an interest rate of 6.3%, while the interest rates on soft loans from the World Bank and the Asian Development Bank (ADB) are only 0.25–3%. Interest rates of India’s Line of Credit to the neighbouring countries are as low as 1%, or even less, in some cases. Sri Lanka is facing debt crisis or ‘debt trap’ as some scholars describe it.

Sri Lanka is currently unable to pay off its debt to China because of its slow economic growth. To resolve its debt crisis, the Sri Lankan government has agreed to convert its debt into equity. This may lead to Chinese ownership of the projects finally.

The Lankan decision allowing Chinese firms 80% of the total share and a 99-year lease of Hambantota port caused public outrage and violent protests in Sri Lanka. In addition, Chinese firms have been given operating and managing control of Mattala Airport, built with Chinese loans of $300-400 million, because the Sri Lankan government is unable to bear the annual expenses of $100-200 million. Experts here told ET that such arm twisting of democratic regimes in Lanka to get projects runs contrary to the Chinese position against regime changes in other parts of the world.

Having access to the Hambantota port and Mattala airport provides Beijing with a strategic military position in the event of an Indian Ocean conflict and is also key for its ‘Belt and Road’ initiative. The growing Chinese influence may also compel Sri Lanka to support China’s position on the South China Sea dispute and ‘One China’ policy.

Pakistan is heading towards a similar crisis if not worse, according to experts who study China-Pakistan-Economic-Corridor closely. China’s masterstroke in inducing Pakistan into mortgaging Pakistan’s present and future economic prosperity has been achieved by Chinese President Xi Jinping’s announcement in 2015 of the much flaunted $46 billion China Pakistan Economic Corridor (CPEC). The Chinese promise for CPEC has now crossed $50 bn and this may turn Pakistan into a client state of Beijing in the real sense of the term, according to a formal official who has served in China and India’s neighbourhood in the past.

Projected by China as a Chinese master blueprint for economic transformation of Pakistan, it is a merely a strategic Chinese blueprint for China’s colonial control of Pakistan in perpetuity, strategically and economically. Pakistan is being made to take heavy loans from the Chinese banks at high rates of interest to finance the CPEC, and some experts said that Pakistan would take nearly 40 years to pay back these loans. Key voices within Pakistan have been publicly questioning the CPEC’s economic benefits to Pakistan, pointing out that the virtual and real economic benefits accrue only to China.
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Per the Ulan Bator Fishwrap, China has banned the names "Mohammed" and "Jihad" for kids in Xinjiang. Haraam! Imagine Muslims being banned from naming their firstborn Mo. This is truly Jihad time in Uighuristan. :eek:
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The Bullies of Urumqi
CHINESE officials describe the far western province of Xinjiang as a “core area” in the vast swathe of territory covered by the country’s grandiose “Belt and Road Initiative” to boost economic ties with Central Asia and regions beyond. They hope that wealth generated by the scheme will help to make Xinjiang more stable—for years it has been plagued by separatist violence which China says is being fed by global jihadism. But the authorities are not waiting. In recent months they have intensified their efforts to stifle the Islamic identity of Xinjiang’s ethnic Uighurs, fearful that any public display of their religious belief could morph into militancy.

Xinjiang’s 10m Uighurs (nearly half of its population) have long been used to heavy-handed curbs: a ban on unauthorised pilgrimages to Mecca, orders to students not to fast during Ramadan, tough restrictions on Islamic garb (women with face-covering veils are sometimes not allowed on buses), no entry to many mosques for people under 18, and so on.
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Reuters excerpt

By Jackie Cai and Adam Jourdan | SHANGHAI
China's home-grown C919 passenger jet took to the skies on its long-delayed maiden flight on Friday, a major step for Beijing as it looks to raise its profile in the global aviation market and boost high-tech manufacturing at home.

The white, green and blue aircraft, with "C919" emblazoned on its tail, sped along the tarmac at Shanghai's international airport and lifted off under overcast skies in front of thousands of dignitaries, aviation workers and enthusiasts.

The narrow-body jet, which will compete with Boeing's (BA.N) 737 and the Airbus (AIR.PA) A320, soon disappeared into the clouds carrying its skeleton crew of five pilots and engineers. State broadcaster CCTV sent out live footage from the plane, which had no passenger seats installed for the maiden flight.
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Post by Singha »

I would imagine supplicant parts suppliers from all over to be making a beeline to pay tribute in peking to be allowed in on his and follow on massive project . C919 has been guaranteed a order of around 600 already as all the cheen airlines are state owned whether direct or proxy.

boeing and airbus are going to find it hard in 10 yrs after C919 FCS unless they "share" more and more technology and parts making to keep their shoe in the door :D

in parallel cheen will start undercutting in foreign markers of Samerica, africa and eurasia plus reciprocal access to Namerican markets.
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Singha wrote:I would imagine supplicant parts suppliers from all over to be making a beeline to pay tribute in peking to be allowed in on his and follow on massive project . C919 has been guaranteed a order of around 600 already as all the cheen airlines are state owned whether direct or proxy.

boeing and airbus are going to find it hard in 10 yrs after C919 FCS unless they "share" more and more technology and parts making to keep their shoe in the door :D

in parallel cheen will start undercutting in foreign markers of Samerica, africa and eurasia plus reciprocal access to Namerican markets.
Cheat, lie and steal. Beg, bribe and browbeat. Whatever it takes. In company to company or among countries. Absolutely no ethical consideration and feels fully entitled to it because they see themselves as poor and backwards and thus needing exceptions to rules. Break rules if others don't see it this way.

Desi dissection of chini behavior always talks about bragging on part of chinis but that does not explain their growth. Bragging is just what makes us angry but is ultimately meaningless.

The real driver of Cheen, what really has impact on the world, is its deep inferiority complex to US and, especially, its neighbors Japan, SoKo and Taiwan.

Steal F-35 and Cisco blueprints? Justified, need to catch up because China is poor and backward. Copy Toyota Rav4 or hacking Pentagon for W-88 nuclear warhead? Justified, need to catch up because China is poor and backward. Browbeat MNCs for technology transfer and international trade regimes for niggling turd world benefits (when PRC is already running the largest forex surplus)? Justified, need to catch up because China is poor and backward.

This is what makes them formidable.
Last edited by chola on 05 May 2017 15:31, edited 2 times in total.
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Post by Austin »

Cheen may not become Boeing or Airbus in next 20 years but you got to give them credit for trying to build a good narrow body type for their home market , More orders for this type in home market means lesser for Boeing and Airbus
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Post by Philip »

China's secretly planned and under construction naval/air base in the Maldives.If India-which rescued the Maldives from a coup decades ago,cannot bring that petty little accumulation of islands to heel,then we might as well throw in the towel to the Chinese. Once the base is complete,it will be afait accompli just as China gobbled up the Spratlys. The riot act must be read out to the Maldivian govt that this under no circumstances will we allow ANY Chinese presence there if they value their lives.

India should also exert pressure upon piddly little would-be Chinese ars*lickers,to break off dipl relations with the PRC and recognise Taiwan! Imagine if the Maldives,Mauritius,etc. say goodbye to Beijing what a loss of face it would be.C'mon South Block,think outside the box.It's past time to bag "Maldy fish" and send the Chinese packing home.

REVEALED: The ‘Secret’ Chinese Airstrip Emerging In Maldives
Shiv AroorApr 06 2017 1 51 pm
https://www.livefistdefence.com/2017/04/14578.html
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arun
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Peregrine wrote:X Posted on the STFUP Thread

China offers to rename China-Pakistan Economic Corridor

NEW DELHI: Seeking to allay India's concerns, China has offered to rename the China-Pakistan Economic Corridor (CPEC) which passes through Pakistan occupied-Kashmir(PoK), insisting it was an economic cooperation and connectivity enhancement project devoid of "sovereignty issues".

It also strongly pushed for New Delhi's participation in the 'One Belt, One Road' project.

Chinese ambassador to New Delhi Luo Zhaohui, while referring to frosty Indo-Pakistan ties, said China was willing to mediate to resolve the differences between the two countries if it was acceptable to both sides.

Referring to the CPEC, which is part of OBOR, he said China has no intention to get involved in the sovereignty and territorial disputes between India and Pakistan and that the project is for promoting economic cooperation and connectivity in the region.

"It has no connections to or impact on sovereignty issues. Even we can think about renaming the CPEC. China and India have had successful experience of delinking sovereignty disputes from bilateral relations before," he said in closed-door address to a think-tank on Friday.

……………………. {Rest of Post Snipped} ………………………

My Question : Why is China tlying to become India's "Yellowel than Tulmelic Fliend"?

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X Posted from the “Analyzing CPEC” thread.

Claim of Luo Zhaohui, the Ambassador of the Peoples Republic of China to India, about willigness of the Peoples Republic to rename the China Pakistan Economic Corridor aka CPEC, turns out to be forked tongue dragonspeak, not that name changing in the first place, except in PRC minds, would have assuaged India’s legitimate concerns on the whole CPEC enterprise in the first place.

Now, Beijing deletes envoy’s suggestion to rename China-Pakistan corridor : Hindustan Times
An embarrassed China has expunged its India envoy’s suggestion that Beijing could think renaming the China-Pakistan Economic Corridor to allay New Delhi’s concerns.

India has reservation about the ambitious project as it passes through Pakistan-Occupied-Kashmir, which New Delhi says challenges its sovereignty by lending legitimacy to Pakistan’s claim over the territory.

The suggestion made by Luo Zhaohui has been removed from the version of his speech published on the Chinese embassy’s website. ………
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X Posted from the “Managing Chinese Threat (09-08-2014)” thread.

Our former Foreign Secretary, Kanwal Sibal, wisely counsels that we should not attend BARF :lol: aka the Belt and Road Forum in Beijing.

Kanwal Sibal says that “BARF is an occasion for us {India} to puncture its {P.R.China} self-image as the next indispensable country by not accepting a form of kowtow by attending”.

The concluding excerpt of the article follows:
India is the second biggest country in Asia, in most ways China’s actual or potential peer. We have already developed strategic capabilities to deter China. The economic gap between India and China will close in the years ahead. India will not be isolated if it does not attend BARF, as the Chinese claim. The prize of the Indian market is much more important for China than that of the smaller countries straddling the BRI. We can deal with China bilaterally on the economic front without having to join it in promoting its leadership ambitions in Asia at our expense.

Given China’s provocations on several strategic fronts, BARF is an occasion for us to puncture its self-image as the next indispensable country by not accepting a form of kowtow by attending.
Daily Mail via Daily O:

India should not attend China's Belt and Road Forum in Beijing
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X Posted.

North Korea seems to be mighty pissed off with the friend Peoples Republic of China for two articles that appeared in PRC Communists Party and Government controlled mouthpieces, Peoples Daily and Global Times.

Article datelined May 4, Juche 106, in Rodong Sinmun which is described as the official organ of the Central Committee of the Workers’ Party of Korea.
May. 5, Juche 106 (2017) Friday

Reckless Remarks Undermining DPRK-China Relations Should Be Stopped

A string of absurd and reckless remarks are now heard from big neighboring countries, perhaps frightened at the U.S. blackmail and war racket, every day only to render the acute situation of the Korean peninsula more strained.

The People's Daily and the Global Times, widely known as media speaking for the official stand of the Chinese party and government, have recently carried commentaries asserting that the DPRK's access to nukes poses a threat to the national interests of China. They shifted the blame for the deteriorated relations between the DPRK and China onto the DPRK and raised lame excuses for the base acts of dancing to the tune of the U.S.

Those commentaries claimed that the DPRK poses a threat to "the security in the northeastern region of China" by conducting nuclear tests less than 100 km away from its border with China. They even talked rubbish that the DPRK strains the situation in Northeast Asia and "offers the U.S. excuses for deploying more strategic assets" in the region.

Not content with such paradox, the commentaries asserted that to remain averse to the DPRK's access to nukes is to preserve interests common to the U.S. and China, calling for slapping harsher sanctions against the DPRK in order to avert a war which would bring danger to China.

The newspapers, even claiming China holds the initiative in handling the DPRK-China relations, made no scruple of letting out a string of provocative remarks urging the DPRK to choose one among such options if it doesn't want military confrontation with China--"whether to face protracted isolation or to preserve national security by making a U-turn" and whether to break Sino-DPRK friendship or to dismantle its nukes.

This is just a wanton violation of the independent and legitimate rights, dignity and supreme interests of the DPRK and, furthermore, constitutes an undisguised threat to an honest-minded neighboring country which has a long history and tradition of friendship.

China is hyping up "damage caused by the DPRK's nuclear tests" in its three northeastern provinces. This only reveals the ulterior purpose sought by it, being displeased with the DPRK's rapid development of nukes.

As far as "violation of national interests" oft-repeated by politicians and media persons of China is concerned, it is just the issue that the DPRK should rather talk much about.

It is just the DPRK whose strategic interests have been repeatedly violated due to insincerity and betrayal on the part of its partner, not China at all.

Some theorists of China are spouting a load of nonsense that the DPRK's access to nukes strains the situation in Northeast Asia and offers the U.S. an excuse for beefing up its strategic assets in the region. But the U.S. had activated its strategy for dominating Asia-Pacific long before the DPRK had access to nukes, and its primary target is just China.

China should acknowledge in an honest manner that the DPRK has just contributed to protecting peace and security of China, foiling the U.S. scheme for aggression by waging a hard fight in the frontline of the showdown with the U.S. for more than seven decades, and thank the DPRK for it.

Some ignorant politicians and media persons of China daringly assert that the traditional relations of the DPRK-China friendship were in line with the interests of each county in the past. They are advised to clearly understand the essence of history before opening their mouth.

Their call for not only slapping stricter sanctions but also not ruling out a military intervention if the DPRK refuses to abandon its nuclear program is no more than an extremely ego-driven theory based on big-power chauvinism that not only the strategic interests but also the dignity and vital rights of the DPRK should be sacrificed for the interests of China.

One must clearly understand that the DPRK's line of access to nukes for the existence and development of the country can neither be changed nor shaken and that the DPRK will never beg for the maintenance of friendship with China, risking its nuclear program which is as precious as its own life, no matter how valuable the friendship is.

The DPRK, which has already become one of the most powerful nuclear weapons state, does not feel the need to think over how many options it has now.

China should no longer try to test the limits of the DPRK's patience but make proper strategic option, facing up to the situation.

China had better ponder over the grave consequences to be entailed by its reckless act of chopping down the pillar of the DPRK-China relations.

Kim Chol
From here:

Rodong Sinmun
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China Watch Thread-I

Post by Peregrine »

X Posted on Managing Chinese Threat Thread

'Beijing must take India's growth seriously', says China's state media

NEW DELHI: China's state-controlled press, which usually disparages India's growth story, today published an article saying Beijing can't afford to get too complacent, especially if "India copies China", because the South Asian nation will then "gain the attention of world capital".

Global Times, the Chinese Communist Party's newspaper on international affairs, went so far as to say "there are growing signs that India is succeeding in attracting more and more investment" and that is something China should "take seriously". Another factor in India's favour is its demographic. "As China's demographic dividend diminishes, India, with half of its population below the age of 25, is poised to take advantage," it said. And it singled out the solar energy sector in India as pretty much without competition "in supporting investors."

Today's article is based largely on a report by a private Beijing think tank called 'Anbound'; Global Times has bolstered that report with an Ernst & Young analysis. Much of the article is based on Anbound answering this question: "If India decided to copy China, what impact would it have and what should China do? "

China should be worried, very worried, Global Times wrote, citing Anbound's answer.

"If India intentionally creates a competitive situation in front of global investors, it will pose a challenge for China. Because generally speaking, India does have the conditions to copy China's economic growth model thanks to its vast size and market, low labor costs and large population, which are all similar to China's conditions. In fact, based on the EY (Ernst & Young) report, global investors are currently undecided," Global Times wrote.

Still, the newspaper said India is "succeeding" in getting investors' attention at least, and here it cited the country's solar energy sector.

"Prime Minister (Narendra) Modi hopes to boost the usage of clean energy over fossil fuels by building massive solar parks and is targeting $100 billion in investment in solar energy in the next five years, with the backing of loans from the World Bank. No other country could compete with India in supporting investors in the solar economy," Global Times wrote.
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