REUTERS report in Dawn, May 11th, 2017 ISLAMABAD: Pakistan’s debt and other repayments on China’s “Belt and Road” initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government’s chief economist. China has pledged to invest up to $57bn in Pakistan’s rail, road and energy infrastructure through its vast modern-day “Silk Road” network of trade routes linking Asia…
Posts published in “Day: May 11, 2017”
by Wendy Wu in South China Morning Post, May 11, 2017 According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion in the infrastructure projects that will be required in Asia by 2030. China’s “Belt and Road Initiative” is designed to help meet this shortfall in Asia, as well as to help speed development in Europe and Africa. But the ambitious plans for the belt and road scheme…
Report IN South China Morning Post, May 11, 2017 Security was high near the Ministry of National Defence in Beijing on Thursday morning after the authorities had earlier closed down several subway stations in the city for several hours with little warning. The heavy security presence near the ministry’s headquarters comes as the capital prepares to host a summit for China’s “Belt and Road” international trade initiative on Sunday and Monday. Several subway stations were…
by Badrul Alam Liton in, bdnews24.com, May 11, 2017 Rajshahi: In an effort to thwart police in Rajshahi from storming their home possibly used as a militant hideout, five of a family have blown themselves up. Before setting off the suicide explosions on Thursday in Godgari Upazila, they launched an attack on police and fire service personnel, spearing a fireman to death, said police. As many as seven policemen were injured, said Godagari police OC…
(The article was compiled based on a report by Beijing-based private strategic think tank Anbound) China and India are two neighboring countries with the largest populations in the world, an unusual geographical phenomenon. With a population of 1.38 billion, China’s GDP grew 6.7 percent to more than $10 trillion in 2016, while the Indian Central Statistics Office estimated India’s GDP growth for the full fiscal 2016-17 at 7.1 per cent. While Indian GDP may lag…