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Archive for category: BRI News

You are here: Home / CPEC News & Research / BRI News
BRI News, CPEC NEWS

BRI’s Socio-Cultural Vision: China-Pakistan Film Collaboration

Collaboration in the film industry has the potential to elevate people-to-people cooperation and understanding between Beijing and Islamabad, which have already been consolidated by the joint projects under the China-Pakistan Economic Corridor (CPEC), such as the recently completed Orange Line Metro in Lahore, a Beijing-based Pakistani analyst told after two movies from her country made headlines in China this month.

On November 13, “Parwaaz Hai Junoon” became the first Pakistani movie to be commercially released in the Chinese mainland in over three decades; while Pakistani short film “Amity Along the Orange Line” was among the entries that were applauded at the Second Belt & Road Initiative (BRI) Short Video Competition award ceremony in Wuhan on November 20.

“I think movies are critical and vital. We’ve been talking about it for years. And this is definitely a historic moment. Parwaaz Hai Junoon and the Orange Line are both very timely and much-needed development,” Zoon Ahmed Khan, a research scholar at the Institute of Belt & Road Initiative, Tsinghua University, told in a video interaction via Zoom.

“One of the things that has happened since CPEC is that more Pakistanis are living in China, and many Chinese people are living in Pakistan. This is step one. But movies can really be that decisive turning point,” she said, emphasizing that there’s still a lot of scope for the Chinese and Pakistanis to learn about each other.

“People’s sentiments in both countries are extremely warm and reciprocal but at the same time there exists a lack of awareness about each other’s culture. You can love someone, you can trust someone, you can care for them, but you may not know a lot about them. I think the people-to-people linkages need to be further strengthened,” she explained, advocating for more exchanges of movies.

“Films are the most effective way to offer a true picture of what normal people go through; what their lives are; about their history, their preferences, food, etc. And this is a very important aspect,” she noted. “Unless we know each other well, we can’t work as effectively together either. And this is eventually the CPEC, and the BRI vision as well to know each other better.”

Orange Line Metro: Encapsulating the BRI vision

“Amity Along the Orange Line” depicts the joy of Pakistani people at the completion of the Orange Line of Lahore Metro, a project built with Chinese partnership as part of the CPEC under BRI. The Orange Line, which went operational on October 25, is Pakistan’s first metro rail system. The movie also found a mention at the Chinese Foreign Ministry’s regular press conference on November 23.

“Lahore is the second-largest city in the country. It’s the capital of Punjab, which is the biggest province of Pakistan, and for Lahore as well to benefit from the infrastructure projects under CPEC is critical, it’s vital for the overall development of the country,” Khan said, insisting that although the official figure puts the city’s population at around 11 million, it could be more in the range of 20 million due to the scale of commercial activities.

“I am from Lahore and I’ve spent countless hours stuck in traffic. And this is the story of every Lahorian. It’s strange somehow that we didn’t have a metro line so far. A transportation fix of this kind was long due,” she said, stressing that the metro will go a long way in solving the traffic congestion issues of the city while improving the mobility of its residents.

Emphasizing that the Orange Metro Line encapsulates the broader socio-economic vision of the BRI and CPEC, Khan pointed out that the project created many job opportunities for the local community through the construction process and will continue to do so during its operational phase. “As of 2017-18, when we transitioned from Phase 1 to Phase 2 of CPEC, the socio-economic dimension became officially part of its mandate.”

‘Parwaaz…’ Sets the Ball Rolling

Khan has already watched “Parwaaz Hai Junoon” twice with her Chinese and Pakistani friends in Beijing. One of the highlights of the movie is that it features the JF-17 fighter jets jointly manufactured by China and Pakistan.

“It is a very patriotic movie. It shows young people that are passionate about making a positive change. This is something that the Chinese people connected with,” Khan said pointing out that many of the recent big box office hits in China have been on a similar patriotic topic.

The picturesque locations appear to be another highlight of the movie. “The movie is shot in northern Pakistan, which is very beautiful. It is the meeting point of the Hindu Kush, Karakoram and the Himalaya mountain ranges. So, the scenes in that movie are absolutely stunning,” she said.

“The comments on Chinese social media apps, and also my friends who watched it, showed how amazed they were at the beautiful sceneries – the magnificent glaciers, mountains, and even the greenery, etc.,” the Pakistani researcher said with a hint of patriotic pride.

Before “Parwaaz Hai Junoon”, the 2017 romance film “Chalay Thay Saath” became the first Pakistani film to be screened in Hong Kong, but it never made it to the mainland. The film features Chinese Canadian actor Kent S. Leung as a Chinese traveller who falls in love with a Pakistani girl.

Only a handful of Pakistani movies have hit the theatres in China ever. The 1956 film “Baaghi” – supposedly based on a Chinese folktale – is believed to be the first of the lot. It was screened in China in the 1960s. Romantic drama “Mera Naam Hai Mohabbat” (1975) is another prominent Pakistani movie that saw a limited release in China.

Lollywood Eyes China

Up until the 1970s, Pakistan had a thriving film industry, popularly called “Lollywood”, a portmanteau of the industry’s hub in Lahore and Hollywood. From the production of 100 films annually in the 1970s, it nosedived sharply to just 20 films in 2018.

The Chinese film industry, in contrast, came almost to a standstill from 1967 to 1972 during the Cultural Revolution and took off again after the country embraced liberalization in 1979. In recent years, China has transformed itself into one of the global hubs of movie production and the world’s largest film market.

Access to China’s vast film market will no doubt be a game-changer for Pakistan’s fledgling film industry and is key for its revival, but Khan felt that Lollywood will have to lift its game to gain entry into this highly competitive space.

“The Chinese market is huge and, most importantly, open to experiencing new cultures. Movies from all over the world are welcome here. However, it isn’t easy to enter the Chinese market because there’s only a limited number of foreign movies that can be released every year. So worldwide, the best movies are competing for a limited space,” she explained.

“This is one aspect that we need to focus on,” she said, hoping that joint productions with China may be one way to gain a foothold. Khan is hopeful that future joint productions could be filmed in Pakistan to take advantage of its natural and diverse locations. “That could be a starting point,” she quipped.

Khan also felt that the Pakistani people’s inherent interest in China could also make the South Asian country of 212 million a viable market for Chinese movies. “Pakistanis are interested in knowing more about Chinese culture. So, for Chinese films to enter Pakistani cinemas is relatively easier.”

She contended that releasing Chinese movies dubbed in Urdu, Pakistan’s national language, and vice versa, will be an idea worth a shot as people “are more comfortable in the local languages.”

Source: Belt & Road News  https://www.beltandroad.news/2020/11/27/china-pakistan-film-collaboration-shows-bris-socio-cultural-vision/

December 2, 2020/0 Comments/by Faisal Wahab
https://obortunity.org/wp-content/uploads/2020/12/Film-industry-in-China-1280x640.jpg 640 1280 Faisal Wahab https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Faisal Wahab2020-12-02 09:10:062020-12-02 09:10:06BRI’s Socio-Cultural Vision: China-Pakistan Film Collaboration
BRI News, CPEC NEWS

Mounting Indian threats to CPEC

The China-Pakistan Economic Corridor is part of a broader Chinese project, the One Belt One Road (OBOR) program, which aims to reconstitute and expand the ancient Silk Road. The Chinese investment in the project is about USD50 billion and will produce a 2.5 percent increase in the Gross Domestic Product of Pakistan as well as creating thousands of jobs. For the antagonists and those ideologically opposed to CPEC, the situation is downright depressing and is causing great distress. The Indian war against CPEC goes on.

DG ISPR Maj Gen Babar Iftikhar recently revealed that for sabotaging CPEC, India had raised a militia of 700 militants to conduct terror activities in Balochistan. “A commission comprising 24 members was created which included 10 RAW operatives. $60 million dollars were dedicated for this force.” He added that the Indian mission in Afghanistan has paid handsome amounts to sub-nationalists under the garb of humanitarian assistance and projects.

Foreign Minister Qureshi elaborated that New Delhi had distributed Rs22 billion for promoting and carrying out terror activities in Pakistan. “India is sabotaging CPEC as they know the project’s success can be an economic game changer for Pakistan.” He further said New Delhi has established a cell in their intelligence agency with the sole objective of disrupting CPEC projects. “The cell works under the supervision of the Indian prime minister and its mandate is to disrupt CPEC projects. A sum of Rs80 billion has been allocated for this purpose.” He said that Pakistan was prepared and had established and deployed two security divisions to safeguard the projects and the personnel working on them.

According to Raffaello Pantucci, a senior associate fellow at London’s Royal United Services Institute: “There is an elevated sense of concern at the moment around the fact that China-India tensions have become so bad, and this might lead to the Indians providing more discreet support for Baluchi groups, which is something that they have done in the past.” This is an admission of Indian terrorist activities in Pakistan at the international level.

The Indian propaganda claims that locals are not only hired just for low-level jobs but paid much less than their Chinese counterparts. And the roads built within CPEC or OBOR projects would be closely followed by Chinese military bases. Indian objections to Gilgit-Baltistan being part of CPEC are not substantive as the region has been firmly under the control of Pakistan for the last 72 years and also the Karakoram Highway, which connects Pakistan with China, passes through the same region. New Delhi also claims China’s maritime presence in Gwadar can hurt India’s energy and economic security.

Nevertheless, PM Imran Khan has declared his government would complete the China-Pakistan Economic Corridor (CPEC) at any cost, as the project is a manifestation of the all-weather friendship between China and Pakistan. He was speaking at the launching of the construction of a mega-city in Rashakai, Khyber Pakhtunkhwa (KP).

The city, built under the CPEC, will have apartments, theme parks, a golf course, commercial zones and public buildings. Meanwhile, the Chinese Foreign Ministry’s spokesman recently said any attempt to sabotage the CPEC flagship project would not succeed and both China and Pakistan, with the support of international community, could work together to ensure its success.

“I have already made my response to this issue. No attempt to sabotage the CPEC will succeed,” Zhao Lijian made these remarks during a briefing while answering a question about Foreign Minister Shah Mehmood Qureshi and DG ISPR Maj Gen Babar Iftikhar’s joint briefing during which they held India responsible for supporting terrorist forces and sabotaging CPEC.

He reiterated that CPEC was an important and pioneering project of the Belt and Road Initiative and it was not only important for common development of the two countries, but also for regional connectivity and prosperity.

“We are confident that with the support of the international community, China and Pakistan can work together to ensure the success of the CPEC,” he said. Commending Pakistan for its positive contribution to global counterterrorism cause, he said China firmly supported Pakistan’s efforts towards counterterrorism, safeguarding its territory and regional peace and security.

Overall, the CPEC project will bring prosperity and connectivity, thus reducing space for terrorists for operating in the region. As a socio-economic project, it will provide for the uplift of people in the least developed areas of Balochistan, Sindh, GB and KP. The project will engage youth in jobs and will reduce their vulnerability and exposure to extremist teaching and elements. Also, through connectivity, there would be better prospects for exploration of natural resources as well as their use for economic uplift of the concerned area. CPEC, also a windfall opportunity for Pakistan’s largely ignored maritime sector, is a cohesive project, a game changer for the region. It is more or less on the ground and will only accelerate in the times to come.

Source: The News  https://www.thenews.com.pk/print/748473-mounting-indian-threats-to-cpec

November 24, 2020/0 Comments/by Faisal Wahab
https://obortunity.org/wp-content/uploads/2020/11/748473_1897837_babar-iftikhar-dg-ispr_akhbar.jpg 400 700 Faisal Wahab https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Faisal Wahab2020-11-24 18:19:202020-11-24 18:19:20Mounting Indian threats to CPEC
BRI News, CPEC NEWS

CPEC has attracted $25 billion investments in Pakistan

The China-Pakistan Economic Corridor (CPEC) has achieved major progress since its launch seven years ago, bringing a total of $25 billion of direct investments to the country, the Chinese Foreign Ministry said on Wednesday.

During his regular briefing in Beijing, Foreign Ministry Spokesperson Wang Wenbin noted that many projects has been started or completed under CPEC, a dynamic project of the Belt and Road Initiative (BRI) launched by President Xi Jinping.

He particularly mentioned the completion of Orange Line Metro Line (OLMT) in Lahore, Pakistan’s first electric-powered public transport project. “Last month as an early harvest project, the Orange Line, was made operational, marking the beginning of the subway era for Pakistan,” he said.

Wang said that projects completed under CPEC, had enhanced infrastructure and power supply in Pakistan and created employment opportunities for the locals and contributed towards the growth of gross domestic product (GDP).

“These projects enhanced infrastructure and electricity supply in the country and created more than 70,000 direct positions and contributed 1 to 2 percentage points of the country’s GDP growth,” the spokesperson added.

Giving example of Afghanistan which was importing food and other essential items through the Gwadar port, Wang noted that CPEC had not only promoted development in the two countries but also helped regional connectivity and prosperity.

“Gwadar port, since first half of this year, started shipping cargo, weighing about 20,000 tonnes that carried wheat, sugar and fertilisers to Afghanistan, the spokesperson told reporters. “This created about 1,000 jobs,” he added.

Reiterating support to the flagship project, which was launched after the consensus of the leaderships of the two countries, he said, China’s support to CPEC would continue as the two countries “will work together to implement our leaders’ consensus”.

“The existing programmes are focusing more on cooperation in livelihood, industry and agriculture to change CPEC into a demonstration project of high quality BRI development and to bring more benefits to our two countries and the region,” he added.

Appreciating the positive remarks made by Pakistan’s top leaderships towards the CPEC projects, Wang said: “We have noted the remarks about CPEC which is an important pilot project and flagship projects of China-Pakistan cooperation and BRI development.”

In response to a question about third party and other countries’ participation in CPEC, he said that the Chinese side would welcome interested countries to join the project and other projects of BRI to jointly contribute to regional and global stability and prosperity.

Source: The Express Tribune https://tribune.com.pk/story/2271041/cpec-has-attracted-25-billion-investments-in-pakistan

November 19, 2020/0 Comments/by Faisal Wahab
https://obortunity.org/wp-content/uploads/2020/11/2AE1JEK_Silk_Road_from_Pakistan_Side_web.jpg 912 1521 Faisal Wahab https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Faisal Wahab2020-11-19 11:55:082020-11-19 11:55:08CPEC has attracted $25 billion investments in Pakistan
BRI News, Business, Economy

Joint committee formed to explore financial package for ML-1: Yao Jing

 Chinese ambassador to Pakistan Yao Jing has said that China and Pakistan had constituted a joint committee to explore financing modalities and find appropriate financial package for the mega Main Line (ML-1) railway project.

Addressing media persons here on Wednesday night, the envoy said that due to huge financial implication, the project was facing little delays however it would not further slow down as the committee would soon finalize appropriate financial package to fund the project.

The ML-1 project is part of China Pakistan Economic Corridor (CPEC) under which, the 1,872 kilometers railway track from Peshawar to Karachi would be upgraded at an estimated cost of around US $9 billion.

The Chinese embassy arranged a reception for media persons here in connection with Chinese Lunar Year.

Yao Jing rejected the rumours of slowing down of CPEC project saying that work on CPEC projects was being executed according to the plan.

“In fact there is no mega project being executed presently, therefore it seems that the project has been slowed down,” he said adding there are lot of small projects under implementation under CPEC across the country, which are not tangible though but are very important.

He said in Gwadar city, five main projects were being executed under CPEC including a vocational training centre, a 200 beds hospital, water desalination plant, and new airport.

In social, health and education sectors, he informed the media persons that there were 27 projects were being implemented under CPEC across the country.

The envoy pointed out that the CPEC had entered in its second stage where social, industrial and agriculture sectors would remain areas of special focus.

The envoy said that a number of Chinese agriculture companies were coming to Pakistan to purchase more value added agriculture products.

Further he said that as per vision of Prime Minister Imran Khan to alleviate poverty, several villages of backward areas of the country were being made model of poverty alleviation.

He further said that a new area was being included in CPEC that was science and technology to produce more high value added products in the country.

He said the Western media was up against Pak-China relations especially against the CPEC and this propaganda must be negated via disseminating the positive and true picture by media of both China and Pakistan.

The Chinese ambassador said that last year China had completed 70 years of its creation, during that time it witnessed many ups and downs with the world, however Pakistan remained the strongest, firmest and the best friend of China.

“We also celebrated 70 years of friendship with Pakistan,” he said adding that after launch of CPEC, the bilateral relationship entered a new era of mutual cooperation.

 Source: Duniya News
 Date: 17/01/2020
January 17, 2020/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2020/01/Chinese-Ambassador-to-Pakistan-Yao-Jing.jpg 599 899 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2020-01-17 08:02:192020-01-17 08:02:19Joint committee formed to explore financial package for ML-1: Yao Jing
BRI News, Business, CPEC NEWS, Economy, News

Most of CPEC-related road projects stand completed: Minister

Federal Minister for Communications and Postal Services Murad Saeed on Wednesday said that most of China-Pakistan Economic Corridor (CPEC) related road projects have been completed whereas work on Western Route has been started.

He stated this after a memorandum of understanding (MoU) signing ceremony between National Highway Authority (NHA) and National Bank of Pakistan (NBP) was held here at NHA Headquarters on Wednesday. The minister said that groundbreaking of Pakistan’s biggest build-operate-transfer (BOT) project Sukkur-Hyderabad Motorway would be held soon. Under the MoU, the NBP will provide 11,000 olive plants to NHA free of cost and these will be planted along Islamabad-Peshawar Motorway (M-1) and other roads.

Advisor to Prime Minister on Climate Change Malik Amin Aslam, State Minister for Climate Change Zartaj Gul, Secretary Communications Jawwad Rafique Malik, Chairman NHA Capt Sikandar Qayyum (retd) and senior officers of Ministry of Communications, National Highway Authority and National Bank of Pakistan were also present on the occasion.

The minister that as per vision of Prime Minister Imran Khan, ground is being prepared for making Pakistan an Islamic welfare state by adopting welfare schemes like Ehsas Program, Kamyab Jawan Program, Sehat Insaf Card, Shelter Homes, etc. He further said that extremely changing climate is demanding more and more plantation in the country so that a safe future could be given to the coming generation. Through reforms, National Highway Authority and Postal Services have been put on the track of development in terms of increasing revenue and savings.

He said under Clean & Green Pakistan initiative, the NHA is making the highways and motorways of Pakistan beautiful and it is responsibility of the masses to play their role in keeping them clean.

Murad said that the government is working on the plan to make NHA a self-reliant institution which would build roads without government funding. He said that in the past, rulers used to build palaces for themselves and had done nothing for the poor segment of the society. He said that it is the PTI government which launched shelter homes and Langar Khanas (soup kitchens) for the homeless and poor people. He said that Kamyab Jawan and Ehsas programs are also PTI governments’ flagship schemes which would play role in making Pakistan an Islamic welfare state.

About Sehat Insaf Card, he said that 5.7 million families have benefited from the health insurance scheme so far. Lashing out at the Sindh government he said that it is not cooperating with the federal government for inclusion of the province in Sehat Insaf Card. He said that 2020 would be the year of development, economic stability and public welfare. He said that Prime Minister Imran Khan has put the country’s economy in the right direction with difficult and bold decisions and fruits of this betterment would reach the common man.

NHA’s General Manager (M-1) Amjad Ali Khan and Vice President & Regional Head of Islamic National Bank of Pakistan Khyber Pakhtunkhwa Saima Rahim signed the MOU. Murad Saeed said during the last 16 months, revenue of National Highway Authority has been increased and savings are recorded considerably.

Malik Amin Aslam said the Prime Minister has given a clear vision for making Pakistan a welfare state. The present government is endeavouring to bring about a positive change in all spheres of life so that a bright future could be given to the youth. He said Ministry of Climate Change is fully aware of climatic changes and utilizing all available resources for ensuring plantation in the country. Wide ranging plantation is the dire need of the present time, he added.

State Minister for Climate Change Zartaj Gul said, “Changing weather conditions have posed threat to the nation and we are to face it through collective efforts. Plantation along road network is an expensive job.” She expressed gratitude to Ministry of Communications, media and civil society in achieving the plantation targets in the country. Zartaj Gul said the government is taking concrete measures to address challenges arising out of climate change in the country. She said the government is establishing green belts along motorways in collaboration with NHA.

Vice President & Regional Head of Islamic National Bank of Pakistan Khyber Pakhtunkhwa Saima Rahim also expressed her views on the occasion.

Source: Business Recorder

Date: 16/01/2020

January 16, 2020/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2020/01/32961071190_9d0fc9334d_h-560x416.jpg 416 560 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2020-01-16 09:12:022020-01-16 09:12:02Most of CPEC-related road projects stand completed: Minister
BRI News, Business, Economy

Pakistani official says BRI is harbinger of a new era of connectivity

The China-proposed Belt and Road Initiative (BRI) is the harbinger of a new era of connectivity, Special Assistant to Pakistani Prime Minister on Information and Broadcasting Firdous Ashiq Awan said.

Awan made the remarks here on Tuesday at the seminar of Cross-Regional Media Fusion among the Belt and Road Partners, pointing out that the revival of the ancient Silk Road under the BRI brings in a new era of hope and breaks a new dawn.

China seeks betterment and overall social and economic development of people living along the silk road and beyond, through BRI, she said.

Talking about the China-Pakistan Economic Corridor (CPEC), a flagship project under the BRI, the official said, “With the highest level of transparency, efficiency and effectiveness, the building blocks of CPEC are being installed. CPEC is reshaping the geo-economic landscape and will usher in an era of prosperity not only for Pakistan, but also for the entire region.”

Speaking at the event, Pang Chunxue, minister counselor of the Chinese Embassy in Pakistan, said, “Six years since its inception, the BRI has received strong endorsement and warm support from the international community.”

The Chinese official said the CPEC has created more than 75,000 jobs directly and 200,000 jobs indirectly for the Pakistani people.

Mudassir Tipu, director general China in Pakistani Foreign Ministry, said that to understand the real changes CPEC has brought to Pakistan, it is necessary to see the ground realities by visiting the places including Gwadar where a remarkable change has been brought by Chinese cooperation.

After the successful first phase, CPEC is now shifting towards its second phase which will be more qualitative, and a more obvious change in Pakistan will be witnessed after the completion of the industrial development under the second phase, Tipu said.

Source: Xinhuanet

Dated on: 18/12/2019

December 18, 2019/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2019/12/1539888856022-2.jpg 1200 1607 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2019-12-18 09:59:162019-12-18 09:59:16Pakistani official says BRI is harbinger of a new era of connectivity
BRI News

China-proposed BRI creates win-win fair model for int’l relations: Egyptian expert

The China-proposed Belt and Road Initiative (BRI) aims at creating a new frame for the international relations on the basis of win-win partnership, an Egyptian economic expert said.

“Through the BRI, China provides a fair model for international ties, which is trustworthy for all the world to interact with,” Waleed Gaballah, a member of the Egyptian Association for Political Economy, told Xinhua in an exclusive interview.

He pointed out that the BRI will create trade alliances covering more than 68 countries along the land and maritime routes and will represent nearly 65 percent of the world’s population.

“The Chinese economy does not present itself to the world as an alternative to its American counterpart,” noted Gaballah, who visited China in November.

China wants to extend its hands for cooperation with everyone, increase the global exchange and improve the lives of its partners, the expert said.

He believes that the Asian Infrastructure Investment Bank could pump large investments to develop thousands of old factories in the BRI countries to boost cooperation.

China could provide more initiatives to boost the small and medium enterprises and thousands of job opportunities along the BRI, the Egyptian economic expert said.

During his 11 days in China, Gaballah was impressed with the progress he saw in the Chinese cities including Beijing, Ningbo and Hangzhou.

“I had good impression about China’s fast progress and development before my visit, but once I landed on the country, I found that reality has far exceeded my prior perceptions,” Gaballah said.

He described “Beijing as a highly developed and ancient capital, with human diversity, ancient buildings and modern skyscrapers.”

“I felt the fruits of the Chinese development and equal opportunities have been reflected on the citizens’ happy faces in the streets,” he said.

Gaballah praised the high level of the Chinese technology, saying he saw the robot city in Ningbo and was impressed with how the Chinese had developed the robot industry which might eventually replace doctors, musicians, writers and many other jobs.

Gaballah considered Hangzhou “a city of Chinese inspiration,” where he saw the advancement of Chinese technology.

“China has an ambitious plan to achieve high-speed tech targets by 2050, and I think they would accomplish it before this date,” he said.

The economic expert said the Chinese success in reducing the poverty and improving the lives of its citizens was “extraordinary experience.”

What made the Chinese experience “unique” is that it was made by the Chinese hands from scientists to simple workers, he noted.

Egypt is already benefiting from the BRI through Chinese projects in the country, especially in the Suez Canal economic zone and the new capital, Gaballah noted.

He cited the huge Central Business District project in Egypt’s new capital city, which is undertaken by Chinese companies, as practical examples of win-win relations between the two countries.

Source: Xinhuanet

Dated on: 10/12/2019

 

December 13, 2019/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2019/08/Chinas-Quest-for-AI-Lead.jpg 1080 1920 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2019-12-13 09:59:322019-12-13 09:59:32China-proposed BRI creates win-win fair model for int'l relations: Egyptian expert
BRI News, Economy

25 Countries becomes Trading Partners of Belt & Road

Since the Belt & Road Initiative was proposed in 2013, China has become the largest trading partner of 25 Countries along the routes, said the Ministry of Commerce Friday.

Chu Shijia, Director of Comprehensive Department of the Ministry, told a press conference that over the past six years since the joint endeavour on the Belt & Road Initiative was launched, the total volume of trade in goods between China and the Countries along the routes exceeded 7.5 trillion U.S. Dollars.

The Belt & Road Initiative, which refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, is a global development strategy adopted by the Chinese Government.

The Initiative is aimed at encouraging the Countries along the Belt & Road to achieve economic policy coordination and carry out broader and more in-depth regional cooperation of higher standards; and jointly creating an open, inclusive and balanced regional economic cooperation architecture that benefits all.

Since the launch of the initiative, the cooperation mechanisms of China and the countries along the routes have been improved.

China has signed 198 documents on the joint efforts to implement the Belt & Road Initiative with 167 Countries and International Organisations.

Bilateral investment cooperation working groups with 44 Countries, and unblocked trade working groups with seven countries have been established to help solve promptly problems arising in bilateral trade and promote economic and trade cooperation.

Source: Belt and Road News

Dated on: 08/12/2019

December 10, 2019/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png 0 0 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2019-12-10 10:07:392019-12-10 10:07:3925 Countries becomes Trading Partners of Belt & Road
BRI News

Belt & Road Initiative brings more Imports to Small Markets

In one section of the massive Yiwu International Trade Market in eastern China’s Zhejiang Province there is a large variety of imported goods, from Spanish wine to Czech Crystal glasses and Russian milk.
“Ninety percent of our goods are imported through the China-Europe freight train service,” said Zhang Ruizhi, Manager of the Exhibition Hall of Zhejiang Mundiver Import & Export Co., Ltd. at the market.
Many imported commodities such as wine and sunflower seed oil are very popular among Chinese consumers who are upgrading consumption in response to rising incomes, said Zhang.
“The China-Europe train service helps shortens the transportation cycle, allowing us to keep a low inventory,” said Zhang.
It takes 30 to 40 days to take Spanish wine to China by sea, and now the train service can slash the transportation time in half, said Jin Haijun, General Manager of Zhejiang Mundiver.
Over the past five years, the company has imported more than 200 standard containers of goods through the train service linking the Chinese small commodity hub of Yiwu with Spain, the Czech Republic, Iran, Britain and Central Asia.
The city of Yiwu has set up five logistic distribution centres and eight warehouses in cities along the Belt & Road, including Madrid, Duisburg and London, to facilitate trade.
“Over 10 Spanish wine brands we work with have lauded China’s opening-up policy, including the Belt & Road Initiative, hoping to bring more goods to the Chinese market,” said Jin.

The China-Europe train service not only sends Chinese goods to Europe but also brings back overseas goods to Yiwu where they are then sold to many parts of the country, said Liu Mingming of the Yiwu Tianmeng Industrial Investment Co. Ltd., a private operator of the service.
Yiwu is a beneficiary of the Belt & Road Initiative, said Lin Yi, Secretary of the Yiwu Municipal Committee of the Communist Party of China. “The initiative has sped up the development of the China-Europe freight train service and greatly promoted the international trade for Yiwu,” said Lin.
“Import is still our weakness,” said Lin. “The city not only sells to the whole world but also aims to buy from the whole world.”
Yiwu, dubbed as the “World’s Supermarket,” receives more than 550,000 overseas buyers and sells commodities to more than 210 countries and regions every year.
As the city makes the trade development transition, the China-Europe freight train service is expected to bring more imported goods to Yiwu in the future, said Liu.
The freight trains made 168 round trips in 2017 and 320 round trips in 2018, and are expected to make 500 round trips this year, said Liu, adding that the rapid expansion of the freight train service is a result of the new progress made by the Belt & Road Initiative.

Eyeing the business opportunity in the Chinese market, Iranian Merchant Ali Ascan is planning to start his export business to bring more Middle East goods to the vast Chinese market.
Ali Ascan, who previously only brought Chinese goods to Iran, set up a company to focus on the Chinese market last year.
“I believe that the Chinese market still has huge untapped potential. It is also becoming safer and easier to do business here as the country pushes forward the opening-up drive,” he said.

Source: Belt and Road News

Dated on: 03/12/2019

 

December 3, 2019/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2019/10/Ship-and-containers-trade-860x430.jpg 430 860 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2019-12-03 10:25:102019-12-03 10:25:10Belt & Road Initiative brings more Imports to Small Markets
BRI News

Turkey hosts Silk Road business summit to promote trade, investments under BRI

The 4th International Silk Road Businessmen Summit held in Turkey has promoted trade and investments among the countries along the routes of the China-proposed Belt and Road Initiative (BRI), experts said.

The summit was held on Wednesday and Thursday in Trabzon, a city located on the Black Sea coast described as a commercial gateway to link Turkey with Iran in the southeast and the Caucasus in the northeast.

The meeting attracted businesspeople from around 40 countries and regions from the world, aiming to identify and eliminate the obstacles for development and investments in the region, the organizers said.

During the summit, participants held face-to-face business meetings and negotiations with other participating organizations and companies.

Ismail Gulle, chairman of Turkish Exporters’ Assembly, said in a speech that Turkey has become an important stop in the BRI.

“The Middle Corridor in which Turkey is located turns out to be the most strategic field in order to revive the ancient Silk Road,” he said, adding that the amount of investments to build this corridor, promoted by the Turkish government, is estimated at some 8 trillion U.S. dollars.

Gulle also called on regional countries including Turkey to make the necessary investments without wasting time.

Turkish Treasury and Finance Minister Berat Albayrak said that Turkey was in the process of recovering from a recession triggered by a currency crisis in the summer of 2018 amid tensions with the United States, and its future looks bright.

He touted Turkey “as a hub country offering the world logistics, infrastructure, transportation, communications and energy.”

“Turkey stands glowing as a centre of attraction right at the middle of this belt,” said the minister.

Experts underlined the increasing cooperation between China and Turkey in recent years under the framework of the BRI, which aims to build a trade and infrastructure network connecting Asia with Africa and Europe along the ancient trade routes of Silk Road.

“This summit is very much in line with the spirit of the Silk Road and the BRI, which is all about to promote interregional connectivity in general and in the Black Sea region in particular,” said Altay Atli, an expert on international political economy of Istanbul Koc University.

The Turkish government is eager to promote the potential of the Black Sea basin and underline its future importance under the BRI, Atli said.

Experts believe that Turkey, a gateway to Europe from the Middle East, is an important country of geostrategic and geopolitical importance to promote the connectivity which is at the core of the BRI.

The first freight train traveling from China in Asia to Europe via Turkey’s biggest city of Istanbul in early November was hailed as a landmark move to generate trade between the two continents using a railway, in addition to the already existing maritime routes.

Atli said that 2020 will be a year of “take-off” in regard to implementing BRI projects between Turkey and China, which have reached many agreements in the field.

“BRI for Turkey is about expectations. Turkey seeks ways to benefit from the initiative by diversifying its trade and attracting investments for infrastructure and logistics projects,” said Atli.

The expert welcomed greater Chinese economic presence in Turkey in the past years, calling it “a good sign for the Turkish-Chinese bilateral cooperation and increased connectivity.”

Source: The Belt and Road News Network

Dated on: 29/11/2019

December 2, 2019/0 Comments/by Obortunity Info
https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png 0 0 Obortunity Info https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png Obortunity Info2019-12-02 11:44:522019-12-02 11:44:52Turkey hosts Silk Road business summit to promote trade, investments under BRI
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  • CPEC is flagship project of Pakistan, China: Dr MoeedDecember 13, 2020 - 2:21 PM

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  • CPEC second phase: Local, foreign investors to be invitedDecember 8, 2020 - 1:18 PM

    China and Pakistan have agreed to invite foreign and local investors – apart from Chinese investors – to invest in industrial zones under the industrial cooperation, in the second phase of the China-Pakistan Economic Corridor (CPEC). In this respect, the newly-appointed Chinese Ambassador to Pakistan, Nong Rong, called on the Chairman Board of Investment (BoI), […]

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How can CPEC better benefit all the regions in Pakistan?

Answer: China and Pakistan have reached consensus on the basis of “one corridor, multiple passages”, aiming to benefit the economic and social development of all regions in Pakistan and provide effective connectivity to Gwadar port. The western route is definitely a part of CPEC. Right now, enormous efforts are being made to advance road connectivity in the western parts of Pakistan, and the Chinese side is cooperating with the Pakistani side to create favorable conditions for attracting investment in western and northern parts of Pakistan. With the implementation of various projects, CPEC will play an increasingly important role in promoting the economic development and uplifting living standard across different parts of Pakistan.

What projects does the CPEC have in the western parts of Pakistan?

Answer: CPEC is for Pakistan as a whole and will bring benefits to the Pakistani people including the people from the western parts. Some CPEC projects in the western parts of Pakistan are making progress. For example, the KKH (Thakot to Havelian) phase Ⅱ and Suki Kinari Hydropower Station are located in Khyber Pakhtunkhwa. The China-Pakistan Cross-border Fiber Optic Cable Project and ML1 Railway upgradation (framework agreement under active discussion as of December 2016) also pass through Khyber Pakhtunkhwa. Peshawar and Quetta are included in roads of CPEC as node points. CPEC Transport Monographic Study, approved in the 5th JCC, includes Burhan-D.I.Khan, Quetta-Sorab roads as short-term projects. The Gwadar Port, Gwadar Free Zone, Gwadar East-bay Expressway, Gwadar International Airport, Gwadar coal-fired power plant and HUBCO coal-fired power plant are all in Balochistan province.

These projects will help boost employment and tax collection, strengthen the provincial road connectivity, promote economic development as well as improve people’s living standard.

 

What is the progress made in the sector of industrial and investment Cooperation under the CPEC?

Answer: Industrial cooperation is an important field of CPEC. It is of vital importance to the uplifting of the level of economic cooperation and the expansion of the space for industrial cooperation between our two countries. It carries huge potential and a bright future. In this regard, China has advantages in experience, technology, financing and industrial capacity, while Pakistan enjoys favorable conditions in resources, labor forces and market. By carrying out industrial cooperation, both sides will achieve mutual complementarity and win-win results.

Under the CPEC framework, the two sides have identified two industrial cooperation projects, namely Haier-Ruba Economic Zone (2006) phase II and Gwadar Free Zone. On 1st September, 2016, Ground Breaking Ceremony was held for the Gwadar Free Zone, which has drawn much attention from the business community. China Overseas Ports Holding Company Ltd. (COPHC) is constructing Gwadar Free Zone expeditiously. The Chinese side is willing to provide high-quality industrial capacities to Pakistan and encourage reputable Chinese companies to make an investment in Pakistan. Meanwhile, the Pakistani side is expected to carry out in-depth research on the locations of industrial zones and provide preferential policies and necessary services to mutually-agreed zones in this regard. Both sides will keep on communication with each other on the deepening of industrial cooperation, and hopefully, identify a series of win-win projects that can yield favorable economic and social benefits.

The Chinese Government decided to provide interest-free loans for the laying of Optical Fiber Cable from Rawalpindi to Khunjerab and construction started in April, 2016. Besides, the relevant Chinese company has finished the feasibility study on the utilization of Digital Terrestrial Multimedia Broadcast in Pakistan. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed.

 

What is the progress made in the transportation infrastructure sector under the CPEC?

Answer: Efficient and fast transportation network is of vital importance to the economic development. The CPEC shall essentially follow the North-south corridor in Pakistan. The existing road network shall be used in the beginning, developing the missing connections first, with the easiest one on priority, through scientific planning. Currently, two major CPEC transportation projects have been inaugurated and are under expeditious construction, i.e. KKH Phase-II (Havelian-Thakot section) and Peshawar-Karachi Motorway (Sukkur-Multan section). Preferential Chinese government loans are provided for these projects. At the same time, the feasibility study of Railway Line ML1 (Peshawar-Karachi) up-gradation project has been completed and governmental framework agreement is being actively discussed.

 

What is the progress made in the energy sector under the CPEC?

Answer: Energy is the source of power for economic development and a key factor in the sustainable development of the Pakistan economy. Efforts are required to speed up the construction of energy projects so as to help Pakistan relieve energy shortage and achieve sustainable development.

Under the CPEC framework, both sides have identified 16 prioritized projects with total capacity of 10,400MW as well as 8 actively promoted projects. As the end of 2016, Zonergy 300MW Solar Park in Bahawalpur Punjab has been completed, combined to the grid, and 50MW Dawood Wind Farm is completed and awaiting connection test. Construction is underway for 8 projects, namely , Sachal 50MW Wind Farm, Port Qasim 2×660MW Coal-fired Power Plant, Sahiwal 2×660MW Coal-fired Power Plant, 660MW HUBCO Coal Power Plant, 720MW Karot Hydropower Station, 100MW Jhimpir UEP Wind Farm, China Three Gorges Second Wind Power Project and 2×330MW Mine Mouth Coal Fired Power Plant at Thar Block II, Sindh with its matching mining project. Groundbreaking for 3 projects is expected to be achieved very soon, namely 873MW Suki Kinari Hydropower Station, Matiari (Port Qasim) to Lahore Transmission Line, and 2×660MW Mine Mouth Coal Fired Power Plant at Thar Block I, Sindh with its matching mining project.

Some other projects are being actively promoted, such as 1100MW Kohala Hydro-Power Project, Gwadar Coal-fired Power Plant and Matiari (Port Qasim) to Faisalabad Transmission Line.

 

What is the progress made in the sector of Gwadar port under the CPEC?

Answer: Situated at the southern end of CPEC near the ocean mouth, Gwadar port is an important project of the CPEC. In order to improve the operational capacity of the port, China Overseas Ports Holding Company Ltd. (COPHC) has carried out repairs and up-gradation of the port facilities, and now the port has restored its designed capacity. Cargo liners are visiting the port every month since mid-2016. On November 13, 2016, ceremony for CPEC Pilot Project, First Trade Convoy at Gwadar Port was held. During this activity, a China-Pakistan joint convoy of trucks took goods from both countries to Gwadar port. This is the first time that a trade convoy successfully passed through the western part of Pakistan from the north to the south. This is the first time that Gwadar Port is exporting a large number of containers to overseas destinations. This is the first time that China and Pakistan co-organized trade convoy through Pakistan to Gwadar Port.

China and Pakistan are actively promoting the East Bay Expressway project and the New Gwadar International Airport project. Both sides are working together to develop a Gwadar smart port city master plan. Efforts are being made to improve the livelihood of the local people, particularly the construction of educational and medical projects such as China-Pakistan Friendship Primary School in Faqeer, Gwadar, Gwadar Hospital, Gwadar Vocational College, and Water Desalination Plant. Faqeer Primary School has become the first project completed under CPEC.

 

What are the cooperation mechanisms of CPEC?

Answer: To promote the construction of CPEC, China and Pakistan have set up the Joint Cooperation Committee (JCC). There are five joint working groups under JCC, namely long-term planning, energy, transportation infrastructure, industrial cooperation and Gwadar port. The JCC secretariats are within the National Development and Reform Commission of China and Ministry of Planning, Development and Reforms of Pakistan respectively. The two secretariats are responsible for communicating and coordinating with the line ministries related to the construction of CPEC. JCC is responsible for the overall planning and coordination of CPEC, and the joint working groups are responsible for the detailed planning and implementation of the projects within its field. As of November 2016, JCC has convened 5 meetings and reached a series of consensus, playing an active role in promoting CPEC construction.

What fields does CPEC cover?

Answer: According to the consensus reached by the two countries, both sides agreed to promote a “1+4” pattern of economic cooperation, featuring a central role of the CPEC and four key areas including the Gwadar port, energy, transportation infrastructure and industrial cooperation, so as to achieve win-win results and common development. In the medium-to-long term, both sides will explore and expand the cooperation fields to financial services, science and technology, tourism, education, poverty elimination and city planning, etc., so as to meet the demands of deepening and expanding of China-Pakistan all-round cooperation, and play a better role in leading and promoting substantive cooperation between the two countries.

 

What are the principles guiding the construction of CPEC?

Answer: As a large and systematic project, which covers 2013-2030, CPEC needs joint and unremitting efforts from governments, companies and all social sectors of China and Pakistan. In the process of its construction, both sides agreed on the principles of scientific planning, step by step implementation, consensus through consultation, mutual benefit and win-win results, as well as ensuring quality and safety. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC.

The prioritized or early harvest projects mean the projects which will be completed before 2018 or 2020 (for hydropower projects). CPEC is a vision with the long-term planning up to 2030. In the process of planning and construction of CPEC, both sides agreed that the governments of the two countries should play the guiding role, and the companies as market entities should make an investment in line with market rules. Both the governments and the companies, with a clear division of work as well as collaboration, could work together to promote CPEC with constant progress.

What is China-Pakistan Economic Corridor?

Answer: China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. CPEC is the important consensus reached by the leaders of both countries. The leaders of our two countries have attached great importance as well as rendered active promotion to the construction of CPEC. It has also won across-board support from the political parties and peoples of our two countries, which provided profound and solid public support for CPEC.

In May 2013, Chinese Premier Li Keqiang proposed the initiative of CPEC during his visit to Pakistan, which immediately got positive response and support from the Pakistani government. In July 2013, during Prime Minister Sharif’s visit to China, an MOU was signed to start work on CPEC. Up to now, a series of major projects are being implemented in a steady manner, and are under smooth construction in general. CPEC has gradually entered into the state of full implementation from planning, which is playing an increasing role in leading and promoting the bilateral substantive cooperation between China and Pakistan.

CPEC is of great significance to the development of China-Pakistan all-weather strategic cooperative partnership and the building of the community of shared destiny between China and Pakistan. CPEC will provide new opportunities, new vision as well as new impetus to China-Pakistan relations. CPEC is facing Pakistan as a whole and will bring benefits to Pakistani people. It will effectively promote the economic and social development of Pakistan. The construction of CPEC will enhance connectivity and integration of development strategies of China and Pakistan, which is in the fundamental interests of our two peoples. Both sides are committed to building CPEC and completing a number of major projects with high quality and on schedule, so as to achieve win-win results and bring benefits to people in China and Pakistan as well as other countries in the region.

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