giftedviz.com
giftedviz.com September 26, 2017


Shipping could benefit from increased world trade between East and West

20 May 2017, 02:03 | Darnell Patrick

The OBOR project involves a land route running from inner China to southern Europe via The Netherlands.

Some quarters in India echoed the view that it is in the interest of India to participate in the new model of globalization, where China will be in the hegemony. It was huge investment in roads, railways, ports and other infrastructure that created the Chinese "economic miracle". By 2015, Fozil Mashrab, writing for the Jamestown Foundation's Eurasia Monitor, noted that while the Uzbek portion of the project - the Angren-Pap railway - was making solid progress, "Kyrgyzstan's government has been slow and indecisive in implementing its part of the China-Kyrgyzstan-Uzbekistan railroad, while the country's president, Almazbek Atambaev, keeps changing his mind on the project".

OBOR is a very ambitious project and even can be termed an unrealistic project. That could mean a profit windfall for investors who know where to look.

What is particularly significant for China about the OBOR project is that 16 of China's 27 provinces are covered in the vision. Other delegates included officials, entrepreneurs, financiers and journalists from over 130 countries, and representatives of key global organisations, such as the UN Secretary-General Antonio Guterres, World Bank's President Jim Yong Kim, and Managing Director of the worldwide Monetary Fund, Christine Lagarde.

The Thai cabinet approved China's proposal to survey the route in December a year ago, without public participation amid local concerns of environmental impacts. The 3,968 km pipeline linking gas fields in eastern Siberia to China will be the world's largest fuel network in the world. Worse, in many cases, under this Thai regime, local people have been suppressed when they wanted to have a say in those projects.

The main point of concern for several countries in the world is that this OBOR concept has been initiated by China and not by a neutral or world body such as the United Nations. Even the well-meaning Paris climate conference does not have a smooth way forward, as the Trump administration in the USA is now objecting to decisions of the Paris climate conference, which threatens to derail the plans and objectives. After the normalization of bilateral relations between Norway and China, it is expected that the two countries' Arctic cooperation will grow significantly. His reasoning is that China did not become "one of us" and that Chinese leaders are "deceptive", derived from playing Go, a game he claims uses deception (instead of strategy as in chess) to defeat opponents.

He said that within the framework of their comprehensive strategic partnership, the two countries have achieved fruitful results in the areas of infrastructure, construction, energy, telecommunications, education and culture.

Publicly-owned utilities will cut bills by £220 annually, says Labour
Labour has said the rise would fund increased investment in the state-run NHS and would only affect five percent of earners. Other papers left the manifesto off their front pages, leading instead with the death of Moors Murderer Ian Brady.


Macron says France uncompromising in fight against jihadists in Mali
France has been hard hit by Islamist attacks, which have killed more than 230 people on its territory in the past two years. Most of the West African extremist groups France is fighting trace their origins to al Qaida's North Africa branch.


President Trump and Saudi King Salman meet in Riyadh
Kushner, along with wife Ivanka Trump, were among a large group of aides who traveled with Trump to Saudi Arabia . Trump's hair was not covered in the local custom, and she shook Salman's hand upon arriving in the kingdom.


Since the demise of the Soviet Union, Russia and China have boosted their security cooperation, economic relations and military capabilities, and have re-established themselves as great powers. "The image China wants to send to the world is that "One Belt, One Road' does not only belong to China, it belongs to the world". India has serious objection to the fact that the Belt and Road plan violates India's sovereignty, as it passes through the disputed Pakistan-occupied Kashmir.

A high-level delegation from Bangladesh also participated in the forum to discuss various issues like the prospects of the BCIM (Bangladesh, China, India and Myanmar) economic corridor, a key OBOR project connecting to the resourceful Indian Ocean, according to media reports.

Later this year, China hosts a once in five-year leadership reshuffle, and raising the country's global profile is crucial for President Xi Jinping as he works to consolidate power within the party. In the case of Tibet, China has ignored world opinion and gives the impression that it believes that force will always triumph.

China had a trade deficit with 12 countries, with the largest trade deficit a year ago of $10.9 billion with Malaysia, said the report. The big stimulus package by the Chinese government during the global financial crisis might have saved China from plunging into recession. The ruling clique in the Communist party has also differences, and power struggle amongst the politburo members is not unknown.

But while accolades for China's efforts to finance infrastructure development are well deserved, the celebrations may be premature.

Joining a multilateral development bank that does not include the U.S., is an example of Singapore acting independently based on its own interests.

The News daily quoted diplomatic sources as saying that the informal meeting took place at a picturesque lake resort where leaders were attending the Belt and Road Forum hosted by China.



Other News

Trending Now

WannaCry cyber attack compromised some Russian banks: central bank
The computing giant said software vulnerabilities hoarded by governments had caused "widespread damage", the BBC reported. In March, Microsoft patched the vulnerability that the ransomware exploits - but only for newer Windows systems.

Boxing Predictions: Canelo Alvarez vs. Julio Cesar Chavez Jr
Canelo Alvarez and Gennady Golovkin will fight on September 16 for the middleweight crown after months of speculation. You saw tonight the best I tried. "The Triple G side is a pleasure to work with", De La Hoya said of Golovkin's camp.

Vietnam urges prevention of WannaCry ransomware
According to VNCERT, this is a very risky ransomware , which can steal information and encrypt the entire server system. However, as of now, there is no patch for these older operating systems for the EsteemAudit vulnerability.

Basquiat Painting Hammered for a Record $110.5-M at New York Auction
He created politically charged works, particularly of racial and economic inequalities, until his death in 1988 at the age of 27. In addition to films, books and exhibits, the 28-year-old's paintings have sold for millions.

Celtics' Thomas sits out 2nd half with right hip strain
Nonetheless, the Celtics will have another chance at handing the defending champions their first 2017 postseason defeat on Friday. Following the game, Stevens said he told his team that each game is worth one, regardless of how many points decide it.

Comey agrees to testify before Senate Intel Committee
Ex-FBI boss James Comey, who was sacked by Donald Trump, has agreed to testify publicly before the Senate Intelligence Committee. Many Democrats and some Republicans have raised alarms that the president may have tried to obstruct justice by firing Comey.

Fired FBI chief Comey to testify publicly in Congress
It said the paper was based on notes taken during the meeting inside the Oval Office. However the White House said there would be no announcement Friday.

Trump greeted by King Salman in Riyadh
Obama aides have continued to defend it. "They never liked that Obama would bring up human rights concerns in their meetings". The kingdom backs efforts to topple the Syrian government, which counts Iran and Russian Federation as its closest allies.

Trump willing to use engagement on North Korea crisis
The United States and South Korea also held their largest-ever joint military exercises in the past two months. His envoy for Russian Federation will leave next week.

Three into two won't go in Champions League race
City (75 points, 36 goal difference, 75 goals scored) have the edge over Liverpool (73, 33, 75) and Arsenal (72, 31, 74). Failure to qualify for the Champions League could see Sanchez and German worldwide Mesuz Ozil leave.