How to Resolve Threat of the CCP’s One Belt One Road Initiative
Analysis
Seven years have gone by since China started its One Belt One Road Initiative (BRI) in 2014. In 2013 Chinese leader Xi Jinping first introduced this transnational economic belt initiative, then known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
The BRI starts in mainland China, moves along the Silk Road, via Central Asia, to Russia and Europe. On the surface, the Chinese Communist Party (CCP) is developing new economic cooperation with countries and regions by strengthening infrastructure along the route. The real driving force is CCP’s desire to digest its industrial overcapacity and labor in China, and drive the development of the western region to ensure the energy supply for the mainland. There are also geopolitical and security reasons for the CCP’s One Belt area.
PESHAWAR: Iranian Consul General in Peshawar Hamid Reza Ghomi said on Wednesday that efforts were initiated to sign a free trade agreement between Iran and Pakistan.
Addressing businessmen at Sarhad Chamber of Commerce and Industry, he said that Iran wanted to boost bilateral trade and economic relations with Pakistan to strengthen regional economy.
The Iranian diplomat said that despite Covid-19 pandemic, the Iranian consulate facilitated the Pakistani businessmen and issued visas to them within a short span of time.
He lauded the efforts made by Pakistani ambassador in Iran, saying he played vital role in increasing trade volume between the two countries.
New Chinese consul-general appointed in Perth a year after former envoyâs abrupt exit
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A Chinese diplomat known for his championing of Xi Jinpingâs flagship Belt and Road Initiative has been appointed to lead the countryâs consulate in Perth almost a year after predecessor Dong Zhihua unexpectedly moved to Beijing.
Long Dingbin landed in WA on April 2 after spending four years as Chinaâs consul-general in Lahore, Pakistan, where he was involved in delivering several projects under the trillion-dollar program.
Debunking China-Iran Comprehensive Agreement
April 16, 2021
Recently, China and Iran formally signed a 25-Year comprehensive cooperation agreement to boost their partnership. The agreement holds great significance for both countries since they are believed to be adversaries of the US. The agreement contains twenty articles and broadly covers political, economic, security, strategic, military, trade, telecommunication, energy, and cultural areas. Chinese President Xi Jinping visited Tehran back in 2016 during which both the countries had signed a joint statement on deep strategic cooperation. Four years ago, the leading Chinese and Iranian strategists met in Zhongnanhai, the central government of Beijing and Tehran to map out the content and formulation of a treaty that could include the military, economics, energy, communications, industry, infrastructure, science, and education. Now in 2021, both the countries going into deep cooperation could change the balance of strategy and
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Having been formed in 2015 to transform Pakistan s economy by modernising its road, rail, air, and energy transportation systems and to connect the deep-sea Pakistani ports of Gwadar and Karachi to China s Xinjiang province and beyond by overland routes, the China-Pakistan Economic Corridor (CPEC) has achieved very little and instead has left Pakistan in precarious situation economically.
Recent reports including the World Bank and Institute for Policy Reforms have painted a grim picture of a struggling economy with very little to show in terms of infrastructure with the Lahore-based think tank institute maintaining Pakistan could be slipping into a debt trap, raising national security concerns.