China Pakistan Economic Corridor (CPEC) | Updates & Discussions

[kingfeiq]

Its win-win project, excluding india!they are very short sighted.

 

[beijingwalker]

National Geographic | CPEC Karakoram Highway | Engineering Marvel

 

[WarFariX]

@Oscar @Horus , I need some expert opinions on a question . Since chinese plan to takeover textile market of pakistan , and yesterday they agreed to setup textile factories in karachi , will this effect local people factories and businesses?
Wont their business get down due to cheap chinese material at low cost with equal quality being made at chinese made factories?

 

[RealNapster]

cant hear anything anymore.

Sorry to hear that. You must be missing your listening ability. No ?

 

[Chellam]

Sorry to hear that. You must be missing your listening ability. No ?

after all you just china, india can do anyting in ASIA as we wanted

 

[RealNapster]

after all you just china, india can do anyting in ASIA as we wanted

You didn't get the joke and it's totally ok.

 

[Clutch]

 

[Clutch]

CPEC Western Route Update May 1st 2017

 

[Clutch]

 

[irfan irfi]

If the economic routes are with Pakistan , why was there a need of China ? shouldn't we have built the economic corridors? We would have avoided the economic dependency on the world and China , and 50+B$ loans too.

 

[irfan irfi]

@Oscar @Horus , I need some expert opinions on a question . Since chinese plan to takeover textile market of pakistan , and yesterday they agreed to setup textile factories in karachi , will this effect local people factories and businesses?
Wont their business get down due to cheap chinese material at low cost with equal quality being made at chinese made factories?

I'm neither senior nor expert, but as a citizen of this country - I have the same doubts and fears as you have.
China has seek deep penetration into Pakistan economic centers like textile, agricultural, power and energy sectors. Chinese will be provided tax free economic zones and the interesting part is that every worker/ labour will be of China, not Pakistan. The Pakistani raw materials will not be used in any industry even keels will be imported from China .So , tell me what would Pakistani business men, industrialists and labour do? The Pakistani people will sit at home and at every industry Chinese will takeover. We will only be the watch men of the Chinese economic corridor. The thing I missed - Chinese will be allowed without visas in Pakistan , but Pakistani will take visas to travel China. [emoji40]

 

[Banglar Bir]

New Silk Road can spur China-India-Pak partnership’
SAM Report, May 16, 2017

The Belt and Road Initiative (BRI), which China hopes would become the flagship for a new wave of globalisation, can help establish a triangular partnership among Beijing, New Delhi and Islamabad, says a leading Chinese researcher.

Hu Shisheng, Director of the Institute of South and Southeast Asian and Oceanian Studies at the China Institutes of Contemporary International Relations, stressed that their common opposition to the growing anti-globalisation sentiment imparts fresh strategic cement to China-India ties on the global stage.

“Amid increasing anti-globalisation sentiment, protectionism and extreme nationalism have been prevailing over free trade. As two major powers in the east, China and India are justified and obligated to actively fill the void in global governance caused by the withdrawal of some Western countries, including the U.S., and provide more public products and resources for the region’s development,” he observed.

Open world economy
Hu’s advocacy for globalisation dovetails with remarks by Chinese President Xi Jinping, who told reporters on Monday, at the end of the two-day Belt and Road Forum in Beijing, that the BRI would promote an open world economy, rebalance globalisation and work toward trade liberalisation. He also underscored that the One Belt One Road connectivity initiative, which would cover Asia, Europe and Africa, would back green and low-carbon development, according to a report by The Hindu.

Chinese researcher Hu Shisheng
In an article in the China-Indian Dialogue magazine, which appeared ahead of the Belt and Road Forum, Hu points out that infrastructure projects separately taken up by China and India can now be inter-connected under the BRI umbrella. He stressed that just as the China-developed ports of Hambantota and Colombo in Sri Lanka, Kyaukpyu in Myanmar, as well as Gwadar in Pakistan are bringing about “tremendous changes”, India’s port construction projects including Chabahar in Iran, Chittagong in Bangladesh and Sittwe in Myanmar are also catalysing modernisation. “Construction of the Pan-Asia Railway Network linking China and Southeast Asia is gaining steam, and India is increasing promotion of its ‘Look East’ policy”, the researcher observed.

Hu underscored that despite the Indian government’s persisting scepticism of the BRI and opposition to the construction of the China-Pakistan Economic Corridor, “breakthroughs are still likely to come considering that the Modi government’s sub-regional cooperation plan aligns with the Initiative”.

Regional development
Covering a broad geographic swathe from the Arabian Sea to Southeast Asia, Hu highlighted that China-Pakistan corridor, as well as the India-led Bangladesh, Bhutan, India, Nepal initiative and BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) “are progressing smoothly,” breaking new ground for regional development.

In a specific reference to the corridor project, the Chinese researcher said it bridged the infrastructure gap that Pakistan, left out of India-initiated connectivity initiatives in the region, had experienced in the past. He highlighted that on account of its geographic location, the project, once completed, will go a long way in bridging infrastructure in South Asia, Central and West Asia.

Weak links
“The China Pakistan Economic Corridor is expected to shore up weak links of regional integration between China, India and their neighbouring regions, especially Central, West and South Asia.”

Consequently, the “Belt and Road will lay a solid foundation for China and India to merge their respective sub-regional cooperation strategies in the future.”

Hu pointed out that the BRI is not a security-oriented undertaking, driven by a zero-sum mentality of the past. “For China, India and Pakistan, the initiative will foster friendship and cooperation in a wide variety of developmental realms. Such a programme stands in stark contrast with the security centred practices that other countries, especially major powers, usually take towards India and Pakistan.”

 

[Mumm-Ra]

@Oscar @Horus , I need some expert opinions on a question . Since chinese plan to takeover textile market of pakistan , and yesterday they agreed to setup textile factories in karachi , will this effect local people factories and businesses?
Wont their business get down due to cheap chinese material at low cost with equal quality being made at chinese made factories?

Not a specialist but my own hunch. As per the dawn report on CPEC, the Chinese will source raw materials such as yarn etc from factories in Pakistan. These raw good will be transported to their Xinjiang province where these will be utilized to produce quality clothing items and then sold elsewhere. interestingly, their export route is not defined as in if thee will be exported via Gawador or not. I had a chance interaction with one small scale factory owner at Karachi airport quite a lot of time before this plan was unveiled and even then he was worried that chinese factories might take a huge chunk of his business because of higher quality and lower cost. One of the things that Pak cotton industry can do is install fine cotton manufacturing units in Karachi or Gawador. With all these new power projects, Pak will be rid of its power crisis soon enough and these manufacturing units can compete for export orders with the Chinese factories at Xinjiang. this maybe the only alternative local yarn producers may have in the long run

 

[WarFariX]

Not a specialist but my own hunch. As per the dawn report on CPEC, the Chinese will source raw materials such as yarn etc from factories in Pakistan. These raw good will be transported to their Xinjiang province where these will be utilized to produce quality clothing items and then sold elsewhere. interestingly, their export route is not defined as in if thee will be exported via Gawador or not. I had a chance interaction with one small scale factory owner at Karachi airport quite a lot of time before this plan was unveiled and even then he was worried that chinese factories might take a huge chunk of his business because of higher quality and lower cost. One of the things that Pak cotton industry can do is install fine cotton manufacturing units in Karachi or Gawador. With all these new power projects, Pak will be rid of its power crisis soon enough and these manufacturing units can compete for export orders with the Chinese factories at Xinjiang. this maybe the only alternative local yarn producers may have in the long run

Well the reason i asked this question was i too had come across an old men who spent his life running his small factory and he also showed these concerns . CPEC has poor planning and more of submission from our politicians. If CPEC is properly planned then believe me it will benefit us more than we are expecting now. As of now , only expectations are that due to free visas for chinese to pakistan but no free visa to pakistanis for china will create an unbalanced equation. Chinese will come here more & more shifting there companies from china to gwadar/karachi and making their own while our businesses get worser and worst.

 

[Mumm-Ra]

Well the reason i asked this question was i too had come across an old men who spent his life running his small factory and he also showed these concerns . CPEC has poor planning and more of submission from our politicians. If CPEC is properly planned then believe me it will benefit us more than we are expecting now. As of now , only expectations are that due to free visas for chinese to pakistan but no free visa to pakistanis for china will create an unbalanced equation. Chinese will come here more & more shifting there companies from china to gwadar/karachi and making their own while our businesses get worser and worst.

Exactly. the one sector that Pak local business has huge potential growth is tourism industry and maybe cement industry. Other than that the local production and small scale manufacturing will take a hit as cheaper and better quality products from China will be flooded in the market.