Slow pace of work on CPEC irks Chinese companies

[S.Y.A]

until our economy picks up, and CAD goes down, there is no use for more CPEC projects. all of those projects will cause massive imports, and influx of Chinese workers who will be paid in $. which we dont have. there is no need for unproductive mega-projects. and as for energy projects, the existing ones are already hurting us a lot with capacity payments and high RoEs.

 

[Genghis khan1]

Chinese wants to make quick bucks on investment through Pakistan govt guarantees, they don’t care if people can afford the cost or is it in the interest of country. For example, what Pakistan needs is long term, cheap hydropower plants and dams. What they want is short term quick build solar plants, coal plants, wind power and other nonsense that cost more to consumers.

 

[Chris Logan]

Political Mismanagement and corruption.

 

[Imran Khan]

we are friends since 1948 and still chinese never learnt they our normal speed is actually slow speed for china

 

[chinasun]

Opposition to some projects. The project can be cancelled. Whether the projects supported and approved by Pakistan can be in line with international efficiency. In China, the Tesla super factory takes only 10 months to complete.

 

[ziaulislam]

Chinese need to ask less premium on their risk

Opposition to some projects. The project can be cancelled. Whether the projects supported and approved by Pakistan can be in line with international efficiency. In China, the Tesla super factory takes only 10 months to complete.

Can u afford the high RoR of nearly 20% for these projects

 

[redtom]

we are friends since 1948 and still chinese never learnt they our normal speed is actually slow speed for china

The Chinese have a sense of urgency to get things done. It is acceptable to enjoy the leisure time after finishing work, and it is not acceptable to pause during work. If things don't get done, we must always keep them in mind. It is very tiring.

 

[RealNapster]

Yes many Chinese companies projects were cancelled in the energy sector. 2 imported coal power projects were rolled back

Because the way we are signing deals with Chinese companies and banks on power projects is not feasible and will create more problems for us. A fix high Rate of return and huge guarantees along with high unit price even for coal and hydro..... You see the problem ?

We need to shift to PPP and BOT based projects. The whole CPEC need to follow these delivery systems. Ab bas dargaahy or mazaaraat he reh Gaye Hy guarantee rakny Kay lye

 

[Ali_Baba]

Chinese need to ask less premium on their risk

Can u afford the high RoR of nearly 20% for these projects

And Pakistan has to learn to stop signing such stupid deals with 20% RoR in the first place. Yes - we should expect better of China interms of how it treats Pakistan interms of investments - but also Pakistan has to develop some common sense aswell.

The Chinese are brutal over anything that involves money - completely brutal and they take no prisoners when it comes to money. This is not an unknown. I have interacted with many large Chinese companies who only ever want to be paid in USD Dollars - and they point blank refuse to take their own local currency EVER for payment of the provision of products or services ...

Profit is to that to the chinese that faith in Islam is to most Pakistani's ...

 

[Falconless]

we are friends since 1948 and still chinese never learnt they our normal speed is actually slow speed for china

PRC only came into existence in 1949 and we didn’t switch diplomatic recognition until 1951

 

[ziaulislam]

And Pakistan has to learn to stop signing such stupid deals with 20% RoR in the first place. Yes - we should expect better of China interms of how it treats Pakistan interms of investments - but also Pakistan has to develop some common sense aswell.

The Chinese are brutal over anything that involves money - completely brutal and they take no prisoners when it comes to money. This is not an unknown. I have interacted with many large Chinese companies who only ever want to be paid in USD Dollars - and they point blank refuse to take their own local currency EVER for payment of the provision of products or services ...

I am confused
We already know this
Its matter of swiss and england bank accounts
Ironically we know this too..!!
But its matter of love..!
In love of (shareefs & zardaris & our "bradery" politicans) we are okay with it..
Afterall, some arab princess or american(Imf) will come to save us

Because the way we are signing deals with Chinese companies and banks on power projects is not feasible and will create more problems for us. A fix high Rate of return and huge guarantees along with high unit price even for coal and hydro..... You see the problem ?

We need to shift to PPP and BOT based projects. The whole CPEC need to follow these delivery systems. Ab bas dargaahy or mazaaraat he reh Gaye Hy guarantee rakny Kay lye

I disagree
BOT Purpose sounds good but the price is TOO high
E.g hydro is at 8 cents for BOT purpose

I would rather pay 5 cents for ever rather then BOT 8 cents for 30 yrs

It has to be competitive bidding end of story
WB AB funded projected are at 4-5 cents
Even self funded bond projects will be around 6-7 cents
WAPDA has learned and is funding bhasha and munda it self

If we could have just done it in 2008 we wouldnot have been in this mess but..well cpec i guess the bigger the better

 

[alibaz]

Yes many Chinese companies projects were cancelled in the energy sector. 2 imported coal power projects were rolled back.

You need to think for your country first whether they are in our interest or not, and not become a golden goose for others.

Except the energy sector all other projects are on track.

Besides instead of flat out high ROI sovereign backed investments, many projects are being considered on BOT basis.

I think we have sufficient power available, now first priority should be to improve transmission system and speedup hydro projects.

 

[Arsalan345]

CPEC is just a mess and an economic burden on Pakistan. It has already ended. official announcement might be before elections. Pakistan should stay way from more Chinese debt trap.

 

[PAKISTANFOREVER]

CPEC is just a mess and an economic burden on Pakistan. It has already ended. official announcement might be before elections. Pakistan should stay way from more Chinese debt trap.

Sure it has. Because you said so. Weren't you the same guy who was crying when the indians were banned from PDF for insulting Islam and Pakistan?

 

[Arsalan345]

Sure it has. Because you said so. Weren't you the same guy who was crying when the indians were banned from PDF for insulting Islam and Pakistan?

yes i am the same guy.They insulted Pakistan which is common enmity between us. I haven't seen them insulting Islam. what can you do about that? look at our country. everyone isn't elite class like you. Have you studied pakistani economy? compare our economy with indians and you will understand the reality. CPEC doesn't work for us. We don't have money to invest on projects which we promised in CPEC documents. China wants progress but no money here. We can't afford more burden on our economy.