Local, global security firms in race along China’s “Silk Road”
April 25, 2017
- Global security companies and their smaller Chinese rivals are jostling for business along Beijing’s modern-day “Silk Road”, the grandiose plan for land and sea routes connecting the world’s second largest economy with the rest of Asia and beyond. Representing investments of hundreds of billions of dollars, the pet project of Chinese President Xi Jinping is seen boosting economic growth at home, and as positive for everything from steel prices to cement makers.
Japan’s ruling party heavyweight to attend China’s New Silk Road summit
Apr 25, 2017
- The secretary-general of Japan’s ruling party said on Tuesday he will attend China’s New Silk Road summit in May, a sign Prime Minister Shinzo Abe wants to improve ties with Beijing amid tensions over North Korea’s missile and nuclear programs.
The American mercenary behind Blackwater is helping China establish the new Silk Road
April 18, 2017
- As China pushes ahead with president Xi Jinping’s ambitious $1 trillion One Belt, One Road (OBOR) initiative—which reimagines a historic trade network as an overland Silk Road Economic “Belt” and a Maritime Silk “Road”—protecting Chinese business executives and other personnel and their rapidly growing investments in the region is more important than ever. Prince, a former US Navy Seal, is best known for founding the armed security services firm formerly known as Blackwater, whose employees were found guilty for the killing of 17 unarmed Iraqis in Baghdad in 2007. After selling Blackwater in 2010 and relocating to Abu Dhabi—where he reportedly set up a mercenary force (paywall) for the government—Prince has turned his sights on China.
28 heads of state confirm attendance at China’s belt and road summit next month
18 April, 2017
- Top leaders of 28 countries had confirmed they would attend the summit, including Russian President Vladimir Putin, Philippine President Rodrigo Duterte, Turkish President Recep Tayyip Erdogan, Malaysian Prime Minister Najib Razak, Indonesian President Joko Widodo, Vietnamese President Tran Dai Quang and Myanmar’s leader Aung San Suu Kyi, Wang said on Tuesday. Heads of state from countries in Europe including Hungary, Italy, the Czech Republic, Switzerland and Spain would also attend, as well as African leaders from Kenya and Ethiopia. Wang said the leaders of France and Germany had indicated their willingness to attend the summit, but were unable to due to schedule conflicts as their elections loom.
China’s Silk Road Push in Pakistan Edges Out U.S. Investments
April 12, 2017
- China is overtaking the U.S. as the largest direct foreign investor to Pakistan, with the South Asian nation increasingly favoring its neighbor’s “One Belt, One Road” trade route that’s funneling in billions of dollars and revamping decrepit infrastructure. With relations frayed between the U.S. and Pakistan, China has been strengthening its ties to the nation of about 200 million people after it pledged two years ago to loan and finance about $55 billion in a so-called China-Pakistan Economic Corridor. U.S. direct investment in Pakistan stood at $505 million from July 2013 through January this year, compared with $1.82 billion that came from neighboring China, according to central bank data.
Madagascar: China Welcomes Madagascar to Join Belt and Road Construction
28 March 2017
- China and Madagascar on Monday agreed to synergize development strategies under the framework of the Belt and Road Initiative and ten major plans for China-Africa cooperation. The pledge came out of the talks between Chinese President Xi Jinping and President of Madagascar Hery Rajaonarimampianina in Beijing.
China, Micronesia to cooperate on Belt and Road
- Chinese President Xi Jinping told visiting Micronesian President Peter M. Christian Monday that China welcomed the Pacific island country to participate in the Belt and Road construction. Through cooperation on the Belt and Road, China and Micronesia can achieve win-win results, Xi said during talks with his Micronesian counterpart.
Nepal to enhance cooperation with China
March 25, 2017
- Nepal and China have pledged to further develop their ties as Kathmandu expressed its willingness to join China’s Belt and Road initiative. In a meeting with visiting Chinese Defence Minister and State Councillor Chang Wanquan on Thursday, Nepali Prime Minister Pushpa Kamal Dahal “Prachanda” appreciated China’s neighbourhood diplomacy featuring amity, sincerity, mutual benefit and inclusiveness.
China’s Belt and Road project is already helping this company
23 Mar 2017
- China’s ambitious plan to revive its ancient Silk Road through its much-touted One Belt, One Road initiative goes beyond vision and political rhetoric; it is already becoming a reality, a resources executive said Thursday. “Reality in the business world means there is money spent and money invested,” said Eurasian Resources Group CEO Benedikt Sobotka at a media interview at the Boao Forum in the Chinese province of Hainan.
UN Security Council approves China’s resolution
March 19, 2017
- China’s “One Belt, One Road” project that includes the China Pakistan Economic Corridor (CPEC) through Azad Jammu and Kashmir (AJK) has received backing by being mentioned in a United Nations Security Council (UNSC) resolution, likely raising concerns in India that has expressed strong reservations about the plan. As the UNSC on Friday adopted a resolution to extend the mandate of the UN Assistance Mission in Afghanistan (UNAMA) by one year, the text called on countries to “strengthen the process of regional economic cooperation, including measures to facilitate regional connectivity, trade and transit, including through regional development initiatives such as the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (the Belt and Road) Initiative”, the Indian media reported.
Italy Hopes to Participate in China’s Silk Road Project
- Italy hopes to take part in the implementation of China’s ‘One Belt, One Road’ initiative, Italian President Sergio Mattarella said Friday. In 2013, Chinese President Xi Jinping proposed the construction of a new Silk Road, comprising the land-based Silk Road Economic Belt (SREB), also known as One Belt, One Road, and Maritime Silk Road, to facilitate the direct flow of goods from the Pacific Ocean to the Baltic Sea.
China and Italy to cooperate on long-term human spaceflight
- The China Manned Space Agency (CMSA) and Italian Space Agency (ASI) have signed an agreement that will see cooperation on a range of human spaceflight activities between the two parties. The agreement was signed in Beijing on Wednesday by Wang Zhaoyao, Director General of CMSA, and ASI president Roberto Battiston.
China to pump over $24bn into Xinjiang road projects for better connectivity with Pakistan
Feb 07, 2017
- The Chinese government has decided to invest $24.8 billion (170bn yuan) into laying a highway network in the Muslim-majority Xinjiang region for improved connectivity with Pakistan. The autonomous region will use the funds this year ─ up nearly six fold from 2016 ─ for building roads so it can better serve as China’s trade hub by linking countries along the Silk Road Economic Belt.
Chinese, Pakistani companies join hands for Silk Road
Feb 5 2017
- Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen executives from some of Pakistan’s biggest firms said that Chinese companies were looking mainly at the cement, steel, energy and textile sectors, the backbone of Pakistan’s $270b economy.
Gwadar, Chabahar ports: Pakistan, Iran agree to expand cooperation: Boroujerdi
- Chairman for the Committee for Foreign Policy and National Security of Iran, Allauddin Boroujerdi on Friday said that Pakistan and Iran have agreed to expand co-operation between Gwadar and Chabahar ports with a view to connect these two seaports with Central Asian states and China for grater regional co-operation.
China’s One Belt, One Road reshapes Mideast
January 24, 2017
- Although most eyes in the Middle East are now fixed on Washington and how incoming US President Donald Trump will affect the region, the future map of the Middle East is currently being shaped 11,000 km. away from the American capital – in Beijing. Chinese Premier Xi Jinping’s One Belt, One Road initiative to create a massive new trade corridor by both land and sea between China and Europe means China will be playing an outsized role in remaking relations in Middle East. Already underway, Beijing’s drive to integrate the Middle East in an economically rational Eurasian order will have profound effects on Israel’s relations with its neighbors.
Bank of China opens first Chinese bank branch in Serbia
- Bank of China opened a branch in Serbia on Saturday, becoming the first Chinese bank starting operation in the country. The official opening ceremony took place at Palace of Serbia, in the presence of Serbian President Tomislav Nikolic, Bank of China Chairman Tian Guoli, Chinese Ambassador to Serbia Li Manchang and members of the Serbian government.
China handed over two ships to Pakistan Navy
15 January, 2017
- China handed over two ships to the Pakistan Navy here on Saturday for joint security along the sea route of the China-Pakistan Economic Corridor (CPEC). Recently built in China and equipped with state-of-the-art guns, the ships will be part of the navy. Chinese officials, who reached Gwadar aboard the ships, handed them over to their Pakistani counterparts at a ceremony at the Gwadar port. Commander of the Pakistan Fleet Vice Admiral Arifullah Hussaini received the ships which have been named after two nearby rivers Hingol and Basol.
Silk Road route back in business as China train rolls into London
14 January 2017
- When the East Wind train rumbles into east London this week, it will be full of socks, bags and wallets for London’s tourist souvenir shops, as well as the dust and grime accumulated through eight countries and 7,456 miles. The train – made up of 34 wagons – will be the first to make the 16-day journey from Yiwu in east China to Britain, reviving the ancient trading Silk Road route and shunting in a new era of UK-China relations.
Pakistan Builds New Missile Ship to Shield Chinese Trade Routes
- The China-Pakistan Economic Corridor is key to the financial and national security interests of both countries. For Islamabad, Beijing’s capital investment in infrastructure projects offers promise to give the country’s economy a much-needed boost. But Beijing also relies on Pakistan’s navy to ensure the safety of oil shipments from the Arabian Sea and surrounding maritime regions. In that regard, China is sharing Azmat-class ship technology with Islamabad, including the “latest weapons and sensors,” according to the Pakistani military’s Inter-Services Public Relation media branch.
Germany steps up ‘Silk Road’ freight line to China
Dec 30, 2016
- German state rail operator Deutsche Bahn said on Thursday it planned to significantly ramp up cargo transport to China following a record year, using the world’s longest train line in a modern-day revival of the Silk Road route. More than 40,000 containers were transported between the two countries in 2016, up from 35,000 a year earlier and “the largest volume of goods” moved on the iron link so far, Deutsche Bahn (DB) said in a statement.
Pakistan to secure $1 bn in Chinese financing for roads – official
Dec 27, 2016
- Pakistan expects to secure soft loans from China of about $1 billion this week for three road projects in the China-Pakistan Economic Corridor (CPEC), a Pakistani official said on Tuesday. The roads lie on the western route of CPEC, a $55 billion network of roads, rail links, power plants and other infrastructure connecting western China to Pakistan’s southern port of Gwadar.
Pakistan army chief vows support for China-funded mega projects
December 26, 2016
- Pakistan army chief General Qamar Javed Bajwa on Monday said that completion of the $46 billion (Dh168 billion) China-Pakistan Economic Corridor (CPEC) would usher in a new era of development in the restive Balochistan province. “The timely completion of CPEC will usher a new era of development in Balochistan and Pakistan Army is committed to this objective,” Gen Bajwa said.
Pakistan and China Boost Security at Gwadar Port
- The Pakistan Navy has created a new task force for the defense of the port at Gwadar, the terminus of the China Pakistan Economic Corridor (CPEC) – and, controversially, Chinese naval forces may contribute to its security as well. CPEC is a massive $46 billion infrastructure project linking Kashgar with the Arabian Sea, and its security is a strategic priority for Pakistan. The new port security task force, TF-88, is said to be equipped with drones, aerial surveillance aircraft and missile boats. It mirrors a special security force set up for the defense of shoreside facilities; Gwadar is located in the province of Balochistan, which has been fighting an on-and-off militant insurgency since founding of Pakistan.
Pakistan Forms Special Maritime Force to Secure Chinese-built Port, Projects
December 13, 2016
- Pakistan has inaugurated a special maritime force to ensure security of its new Chinese-built Gwadar port, which is central to a multi-billion dollar economic cooperation agreement between the two countries. China is investing around $50 billion dollars in Pakistan to help build a network of roads, rails, communication and power projects that will eventually connect the western Chinese border region of Xinjiang to the deepwater port on the Arabian Sea.
Xi Jinping’s ‘One Belt, One Road’ strategy is showing the way to a new world order
13 December, 2016
- China has signed project contracts worth US$926 billion along the belt and road. A series of cross-border infrastructure projects are under way – such as a new China-Laos railway, a highway in Pakistan and a port in Vietnam – and are expected to expand quickly. The initiative has already hugely boosted trade and investment. Trade between China and countries along the land and sea-based routes exceeded US$1 trillion in 2015, a quarter of China’s total trade value. Chinese exports to belt and road countries now exceed those to the US and the European Union – China’s top two export destinations – and the gap is widening.
China starts cargo service linking Guangdong, Tibet and Nepal
December 10, 2016
- Dozens of Chinese trucks carrying goods worth USD 2.8 million left the border port of Gyirong in Tibet for Nepal after customs clearance on Friday, the Chinese news agency Xinhua reported from Lhasa. The new rail and road cargo service, linking Guangdong, Tibet and Nepal, aims to boost trade with Nepal as China pushes forward its Belt and Road Initiative, according to the report.
Sri Lanka and China to Develop Southern Port
- Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease 80 percent of the Hambantota port to Hong Kong-based China Merchants Port Holdings Company for 99 years for $1.12 billion, a government document showed on Wednesday.
China to build modern international road transport system by 2020
- China will build an open, modern and efficient international road system by 2020 to facilitate international transport and strengthen connectivity among countries along the Belt and Road.
Dozens of ports built along Maritime Silk Road
- This is Piraeus Port – Greece’s largest and the Mediterranean’s third largest port. But two-thirds of its shares now belong to a Chinese company, and so does its entire operation for the next 35 years. Piraeus is just one example of the Chinese involvement in foreign ports. Since 2009, a handful of Chinese state-owned companies, mainly led by COSCO and China Merchants Group, have extended their terminal networks to more than five dozen ports around the globe. Particularly noticeable are those along the Maritime Silk Road. From Myanmar, Singapore, Malaysia, Sri Lanka, Pakistan in Asia, to Djibouti and Egypt in Africa, and then to Greece, Italy and Belgium in Europe, China is building gateways to these continents’ heartlands. The purpose — to increase infrastructure links and boost trade.
Russia to join China-Pak Economic Corridor
Nov 26, 2016
- Pakistan has decided to accord approval to a Russian request for using the Gwadar port in Balochistan for its exports as Moscow has also shown its willingness to be part of the $46-billion China Pakistan Economic Corridor (CPEC). Formal authorisation to Russia to join the CPEC will be given soon, and both countries will enhance cooperation in economic, defence and intelligence matters.While talking to journalists, Prime Minister Nawaz Sharif, who is on a two-day visit to Turkmenistan, welcomed the Russian decision to join CPEC. He confirmed the move and told journalists that a formal agreement in this regard will be signed shortly.
China About to Start $35 Billion of Silk Road Plan in Pakistan
November 24, 2016
- More than three quarters of $46 billion of planned Chinese-led investment in Pakistan will be implemented by next year as part of the world’s second-largest economy’s flagship Silk Road plan. “Out of this $46 billion, we have been so far able to energize about $35 billion,” Pakistan’s Planning, Development and Reforms Minister Ahsan Iqbal said in an interview in London. “By energizing I mean these are projects either in advanced implementation or in a stage of financially closing.”
Belt and Road trade, investment platform launched in Nepal
November 20, 2016
- The Nepal Chapter of the Belt and Road International Trade and Investment Platform, a mutual exchange platform of global purchasers and suppliers, was launched here on Saturday. It is the one of the private sector-led initiatives to promote the Silk Road Economic Belt and the 21st-Century Maritime Silk Road in Nepal with the Himalayan country already signing agreement with China to become a part of the Chinese initiative for global connectivity.
Russian, Chinese leaders discuss ‘coupling’ EAEU, Silk Road trade initiatives
20 November 2016
- Russian President Vladimir Putin and China’s leader Xi Jingling spoke of how to connect Russia’s Eurasian Economic Union to China’s Silk Road Economic Belt, at a meeting in Lima, Putin’s spokesman said, Sputnik reported. “The leaders spoke in favor of boosting cooperation with the APEC,” Dmitry Peskov told reporters on the margins of the Asia-Pacific economic summit in Peru. “The leaders spoke in detail about the schedules of their future high-level contacts, discussed how to couple the EAEU and Silk Road projects.”
Sri Lanka will work with China’s One Belt, One Road initiative
November 10, 2016
- The Government says it will engage with China on the ‘One Belt, One Road’ initiative. Making the 2017 budget speech in Parliament today, Finance Minister Ravi Karunanayake said Sri Lanka will look to have a strong role in the economic initiative of the Chinese Government. He said that Sri Lanka is already working on a Free Trade Agreement (FTA) with China and several other countries.
China launches $11 billion fund for Central, Eastern Europe
Nov 6, 2016
- China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China (601398.SS) (1398.HK) said in a statement issued on Sunday. The China-Central Eastern Europe fund will be run by Sino-CEE Financial Holdings Ltd, a company established by the bank earlier this year.
First trade activity under China Pakistan Economic Corridor begins
November 1, 2016
- First trade activities under the China-Pakistan Economic Corridor project (CPEC) began as over a hundred Chinese containers arrived at the Sust port in Gilgit-Baltistan after clearance from customs. Sust is a village in Hunza. It is the last town in Pakistan on the Karakoram highway before the Chinese border.
Iran to play major role in China-Europe transit
31 October 2016
- Iran’s cooperation with China has entered a new phase as China is preparing to transit goods to Europe via Iran, the Iranian Customs Administration reported October 31. The report adds that Iran and China have finalized their negotiations over the arrangement during a visit by a high-ranking Chinese customs delegation to Tehran. According to the plan, China will ship its cargos to Iran, from where they will be transferred to Europe by land.
Nepali PM reiterates readiness to participate in China’s Belt and Road Initiative
- Nepali Prime Minister Pushpa Kamal Dahal on Friday, reiterated Nepal’s readiness to participate in the China’s Belt and Road Initiative saying that the country wants to be benefited from the initiative. “The prime minister reiterated Nepal’s active participation in China’s Belt and Road Initiative,” Foreign Relations Advisor to the Prime Minister Rishi Raj Adhikari told Xinhua after the meeting.
Pakistan’s Gwadar Port Is Now Operational As First Chinese Ship Docks
October 17, 2016
- The China-Pakistan Economic Corridor (CPEC) is about 3,000 kilometers long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to rest of the world through Pakistan’s Gwadar port. The money China is planning to pour into Pakistan is more than twice the amount of all foreign direct investment Pakistan has received since 2008, and considerably more than the entire assistance from the United States, Pakistan’s largest donor until now, since 2002, according to a BBC report.
Afghanistan desires role in CPEC, says Afghan envoy
Oct 14, 2016
- Afghanistan’s Ambassador to Pakistan Dr Omer Zakhilwal on Friday said Kabul absolutely supports China Pakistan Economic Corridor (CPEC) and wants to become a part of the project. Dr Zakhilwal, while talking to DawnNews in Islamabad, said “the CPEC was a great project that was equally relevant to Afghanistan like Pakistan, and anything that will be good for Pakistan will be good for the entire region.”
GE turns to Chinese partners to lift Silk Road infrastructure sales
October 14, 2016
- General Electric Co (GE) <GE.N> expects increased partnership with Chinese infrastructure firms along China’s ‘New Silk Road’ which aims to link Asia with Europe and the Middle East to generate a significant jump in third-party country sales. Vice Chairman John Rice said on Thursday the U.S. industrial conglomerate is seeking greater cooperation with Chinese engineering, procurement and construction companies in the 65 countries identified in the Silk Road corridor.
‘Pakistan and China developing satellite to monitor CPEC route’
October 09, 2016
- Pakistan and China are developing a satellite to monitor the routes of the China-Pakistan Economic Corridor (CPEC). The space technology has produced massive changes in every field of life and it is contributing in many sectors including defense, communication and medicines, said the provincial transport minister, Syed Nasir Hussain Shah, on Saturday. “Our ministry is using space technology to monitor the road system and the port management as well,” he said while addressing at the inaugural session of the fourth national conference on space, science and technology. The conference was organised by the Institute of Space and Planetary Astrophysics (ISPA), University of Karachi at Arts Auditorium KU.
China promotes sci-tech cooperation along Belt and Road
October 4, 2016
- THE Chinese government has released a plan on scientific and technological (S&T) cooperation between China and countries along the Belt and Road. China plans to set up joint labs, research centers, tech transfer centers and S&T parks with countries along the Belt and Road in the next three to five years, according to a document issued by the Ministry of Science and Technology, the National Development and Reform Commission, the Ministry of Foreign Affairs and the Ministry of Commerce.
Pakistan to welcome Iran,Saudi Arabia on joining CPEC
October 01, 2016
- Minister for Planning Development and Reforms Ahsan Iqbal said on Friday that Iran and Saudi Arabia’s desire to join China-Pakistan Economic Corridor (CPEC) framework is a good step and Pakistan would welcome their involvement. “We will welcome both the brotherly Islamic countries, if they want to be part of CPEC,” he told APP. Pakistan, he said, would also welcome and appreciate any friendly country, which desired to participate in the multibillion gigantic flagship project of One Road One Belt initiative launched by Chinese President Xi Jining.
Anaklia ‘Silk Road’ Port Set To Transform Georgia And Enhance China-Europe Trade
Sep 29, 2016
- “This is a Silk Road project,” Dato Kodue said as we stood on the site of the impending Anaklia deep sea port. “Here is called the Silk Road Belt.” Kodue is the director of development for Anaklia, a region in western Georgia on the coast of the Black Sea that is currently undergoing a complete economic, infrastructural, and social overhaul. Where not long ago there was nothing but an empty beach, a tourist resort has arisen; where there was only a small village before, there is now a strip of luxury hotels; where there is currently only small farms and pastures for cows there will soon be a massive new port that is poised to become a game-changing gateway between Europe, Central Asia, the Middle East, and China.
China has so far poured $14b into CPEC projects
September 27, 2016
- China has so far invested $14 billion in 30 early harvest projects to be completed under the China-Pakistan Economic Corridor (CPEC), a flagship project of the “One Belt One Road” initiative launched by Chinese President Xi Jinping. Out of the 30 projects, 16 were under construction, a statement quoted Chinese Embassy Deputy Chief of Mission Zhao Lijian as saying.
Silk Road Project Sees Chinese Overseas Investment Reach Record Levels
- China’s Silk Road project has led to record investment by Chinese companies overseas, and the country has now overtaken Japan as the world’s second largest cross-border investor, after the US.
Iran expresses its desire to be part of CPEC project
September 22, 2016
- Iran has expressed its desire to be part of China Pakistan Economic Corridor (CPEC). Iranian President Dr. Hassan Rouhani held a meeting with Prime Minister Nawaz Sharif on the sidelines of the 71st UN General Assembly session.
UNDP, China Agree on Silk Road Initiative Cooperation
- China has agreed to coordinate with the United Nations Development Programme in implementing its One Belt, One Road initiative focused on Eurasian economic development and integration, the United Nations said Monday.
Over 6,000 Pakistanis got jobs in CPEC-related projects by March
September 10, 2016
- Former prime minister of Pakistan Shaukat Aziz has said that an incomplete statistics show that China-Pakistan Economic Corridor (CPEC) projects under construction have employed more than 6,000 Pakistani workers by the end of March not to mention the employment indirectly created and driven by the projects.