CorporateAffairs
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it had backed out in August from a $19 billion deal in southern Sindh province because of concerns for its personnel after recent bombings in Pakistan's major cities.
The Pakistan China Alliance is too wide and too important to both China and Pakistan to let minor hiccups derail this mutually beneficial Alliance. I am sure as the security situation improves Chinese companies will be back to make money from this project. Nineteen Billion US Dollars is nothing to sneeze at. So the message to Indians is to stop dancing with joy, China will be back.
China has backed Pakistan, its largest export market for armaments, for many years as a strategic counterweight to India in the Indian Ocean region. The countries have developed military hardware together, such as the JF-17 fighter jet, and China is helping Pakistan build civilian nuclear reactors.
Such a pact would draw China into any conflict involving their ally and likely anger the U.S. and India, Pakistan's regional rival.
"That doesn't mean China wants to replace the U.S. in the role it played. It's not a zero sum game," she said.
Pakistan's Defense Minister said that China had agreed to take over operation of Gwadar, which is doing little business as a commercial port, and that Islamabad has asked China to build a base there for Pakistan's navy.
Doesn't exactly equate to the Chinese government's official decision...... similarly, TATA has pulled out of some mining project in Afghanistan....does that imply to Indian Government's own stance towards that country. ??!!An official at China Kingho Group, one of China's largest private coal miners, said on Thursday it had backed out in August from a $19 billion deal in southern Sindh province due to concerns for its personnel after recent bombings in Pakistan's major cities.
Doesn't exactly equate to the Chinese government's official decision...... similarly, TATA has pulled out of some mining project in Afghanistan....does that imply to Indian Government's own stance towards that country. ??!!
Doesn't exactly equate to the Chinese government's official decision...... similarly, TATA has pulled out of some mining project in Afghanistan....does that imply to Indian Government's own stance towards that country. ??!!
TATA exited but NMDC Ltd, Rashtriya Ispat Nigam Ltd (RINL), JSW Steel Ltd and Jindal Steel and Power Ltd (JSPL) are still on that mining bid for iron ore. And it is for Hajigak deposit, located in the Bamiyan province, 130km west of capital Kabul.