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Posts published in “Day: June 14, 2017

Pakistan deaths show new risks for China

By Zhao Gancheng in Global Times, June 13, 2017 at 18:53:39 (The author is director of the Center for Asia-Pacific Studies, Shanghai Institutes for International Studies). Two Chinese citizens were kidnapped in Pakistan’s southwestern Baluchistan Province and allegedly killed by the Islamic State (IS) last week. “The Chinese side is working to learn about and verify relevant information through various channels,” according to China’s Foreign Ministry. China does not tend to get involved in other…

China presses built-in advantage for ‘Silk Road’ contracts in Pakistan

Reuters Report, June 14, 2017 ISLAMABAD: Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland’s ABB to build the country’s first high-voltage transmission line. Chinese power giant State Grid committed to building the $1.7 billion project in half the time of its European counterparts – and clinched the deal. This is a familiar tale in Pakistan and many other countries. As China makes its “Belt and Road” initiative – a massive project…

China: Local govts restrict foreign travel for civil servants

By Zhao Yusha in Global Times, June 13, 2017 at 22:53:39 hrs Government in North China’s Tianjin has asked all employees from local public sectors, including government departments and State-owned enterprises and affiliated organizations, to report any overseas trips, a sign of tightening regulations on government workers amid the ongoing anti-graft drive. It also stipulates that employees can only go abroad once a year in an effort to implement a more detailed and strict regulation…

China seeks to convert part of soft loans into commercial credit for B’desh

by Zafar Ahmed, Staff Correspondent, bdnews24.com, June 13, 2017 at 13 22:57:52.0 BdST China has asked Bangladesh to convert part of the credit it promised during its president’s Dhaka visit to commercial loans. Converting soft loans into commercial credit means Bangladesh will have to pay higher interest for the fund. Bangladesh signed $25 billion deals with China for nearly two and a half dozen projects during President Xi Jinping’s visit to Dhaka in October last…