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Posts published in “Day: July 12, 2017

Belt & Road fuels growth in Chinese security, insurance industries

By Alessandro Arduino in Global Times, July 11, 2017 at 19:20:58 The author is co-director of the Security and Crisis Management Program at the Shanghai Academy of Social Sciences. The Belt and Road initiative (BRI) launched by Chinese President Xi Jinping in 2013 is gaining momentum. It aims to promote economic development and exchanges between China and more than 60 countries. The BRI is not immune, however, to a number of important risks that in…

China’s Central Bank Is Battling Investors at Home over the Yuan

By Saumya Vaishampayan & Shen Hong in Wall St Journal, July 11, 2017, 6:32 a.m. ET China’s central bank is finding that some of the most stubborn yuan skeptics are lurking in its backyard. A tug of war between the People’s Bank of China and investors in the country’s domestic foreign-exchange market has played out almost daily in recent months, with the yuan consistently closing weaker than the level set by the central bank. While…

China sends troops to first overseas naval base in Djibouti

Reuters report in South China Morning Post, July 12, 2017 Ships carrying Chinese military personnel for Beijing’s first overseas military base, in Djibouti in the Horn of Africa, have left China to begin setting up the facility, the state news agency Xinhua reported. Djibouti’s position on the northwestern edge of the Indian Ocean has fuelled worries in India that it would become another of China’s “string of pearls” of military alliances and assets ringing India,…

Fake social media accounts damaging image of Chinese military

By Zhang Hui in Global Times, July 11, 2017 at 22:03 hrs Counterfeit military social media accounts that mislead the public for illicit gains have severely obstructed official information dissemination and damaged the image of the Chinese military, said experts. Social media accounts bearing the name of People’s Liberation Army (PLA) services and military media, such as PLA’s official website, have been registered by individuals for personal gains, the PLA’s flagship newspaper, PLA Daily, reported…

Reform to downsize PLA Army, boost navy numbers

By Yang Sheng in Global Times, July 11, 2017 at 22:18:39 The People’s Liberation Army (PLA) will downsize its army to under one million, and evenly proportion the PLA army and other services, the PLA’s official media said. Jun Zhengping Studio, a WeChat account run by the PLA Daily, the official newspaper of the Chinese military, published an article on structural reform in the military on Tuesday, saying that “the old military structure, where the…

B’desh Jamaat: Govt arresting Jamaat-Shibir men to cover up chikungunya

by Manik Miazee in Dhaka Tribune, July 11, 2017 att 10:26 PM Jamaat-e-Islami has raised an allegation that the government is once again employing the strategy of mass arrest to cover up its failure to contain the spread of chikunguniya, a mosquito-borne viral infection. Issuing a press statement on Tuesday, Jamaat’s Nayeb-e-Ameer Mujibur Rahman alleged: “The government is continuously arresting activists and leaders of Jamaat and its student wing Islami Chhatra Shibir to cover up…

BNP releases list of 25 ‘missing party men’: report in The daily star, July 12, 2017

Dhaka: The BNP yesterday revealed a list of its 25 “missing leaders and activists”. “The Awami League general secretary has talked about the list of people who were forcibly disappeared. I’m presenting a short list of our missing leaders, mainly of those in Dhaka,” said BNP Senior Joint Secretary General Ruhul Kabir Rizvi. Speaking at a press conference at the party’s Nayapaltan central office, he said it would take some time to present the full…

Customs seizes 19 illegally imported firearms at Dhaka airport

Report in bdnews24.com, July 11, 2017 at 19:27:54.0 BdST Customs detectives have seized 19 illegally imported firearms at Hazrat Shahjalal International Airport in Dhaka. Emran Arms and Company brought in the consignment consisting of 14 Walther pistols and five Heckler & Koch pistols. “The items are old and fabricated. The import policy bars imports of such firearms,” Moinul Khan, director general of Customs Intelligence and Investigation Directorate or CIID, said on Tuesday. Their unique numbers…