Beijing – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Wed, 26 Jun 2024 05:54:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Beijing – Artifex.News https://artifexnews.net 32 32 What If India And China Find Common Ground? https://artifexnews.net/heres-an-idea-what-if-india-and-china-find-common-ground-5972143/ Wed, 26 Jun 2024 05:54:06 +0000 https://artifexnews.net/heres-an-idea-what-if-india-and-china-find-common-ground-5972143/ Read More “What If India And China Find Common Ground?” »

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London is known for its open intellectual climate, where no idea is off-limits. But even in this dynamic city – and indeed in Washington too – it’s almost blasphemous to suggest that Russia and the West can be partners, or that the US and China can coexist as global powers. Recently, Nigel Farage, the Reform Party leader in the UK, faced a storm for urging the West to negotiate sensibly with Russia over Ukraine, calling the war a ‘complete stalemate’. People accused him of “echoing Russian propaganda”.

In India, we often hear that we don’t cultivate a society where all ideas are welcome. But let’s hope that suggesting a new chapter of “Hindi-Cheeni bhai-bhai” (India-China brotherhood) isn’t seen as blasphemy. The strong anti-China sentiment after the Galwan Valley clash in 2020 seems to have subsided. We’re buying more Chinese goods now than ever. In 2023, our bilateral trade hit over $136 billion. Hopefully, even those who burnt Chinese products in Gujarat and Delhi following the border skirmishes are more open to the idea now.

Sure, it might sound crazy to suggest that India and China should become trusted partners like the US and India, or Russia and China. But, it’s not entirely out of the question.

Sure, it might sound crazy to suggest that India and China should become trusted partners like the US and India, or Russia and China. But, it’s not entirely out of the question.

Major Geopolitical Shifts

India’s rise to become a global power is unstoppable; even China knows that. Talking to Chinese academics and journalists, you get the sense that they’re open to establishing long-term ties based on mutual respect. They like India, they want more people-to-people interactions, and one of them even wondered recently why India does not try to cast its spell over the dragon through its soft power of Bollywood  

Both countries have the responsibility to lift millions of their combined 2.8 billion people out of poverty. Prime Minister Narendra Modi has pledged to make India a developed country by 2047, which is a huge task. There are challenges, but if India and China team up and leverage each other’s strengths, it could be a major geopolitical shift, with far-reaching implications for global politics. 

Read | Modi-Hasina Should Worry About China, But Not Too Much

The US and its allies might be shocked and deeply concerned by a close India-China partnership. The West has benefited from the rivalry between the two countries as it aligns with their strategy of counterbalancing China’s rise. A partnership between these two Asian giants could undermine the West’s strategic interests in the region. Kishore Mahbubani, former Singaporean ambassador to the UN, has often said that most of Asia would cheer if this were to happen.

So, can India and China find common ground despite tensions over their disputed border? Prof. Mahbubani believes that while the two may never be best friends, they can have a good working relationship. He even says the 21st century belongs to the CIA (China, India, and ASEAN) countries. With US power on the decline, these countries will drive the world’s economic growth.

A Rollercoaster Ride

The idea of India and China being close friends isn’t new. Historically, they’ve acted like quarrelsome neighbours who fight and make up repeatedly. They share a long history of cultural and economic exchange dating back over two millennia. The Silk Road facilitated trade, and Buddhism, which started in India, found a significant following in China. These ancient ties laid a foundation of mutual respect and cultural affinity. During the colonial era, both countries faced subjugation by Western powers, fostering a sense of shared struggle. 

After gaining independence from the British, India faced border issues with China, and they continue to strain their relationship. In the early 1950s, the relationship was marked by camaraderie, epitomised by the slogan “Hindi-Chini Bhai-Bhai“. However, this period of cooperation was short-lived. The border dispute escalated into a full-scale war in 1962, leaving a lasting scar on bilateral relations. The disputed borders, particularly in the Aksai Chin and Arunachal Pradesh regions, remain contentious issues.

The rivalry between the US and China will continue, and India will remain under US pressure in its effort to manage China. However, India’s strategic positioning between the US and China can work to its advantage.

Before the Galwan incident, Prime Minister Narendra Modi naturally leaned towards engaging with China. As Gujarat’s Chief Minister, he made four trips to the country to attract investment. As Prime Minister, he has visited China twice, and President Xi Jinping reciprocated with two visits to India. Both countries have emerged as major global economic powers, engaging in significant economic competition and areas of cooperation within multilateral frameworks like BRICS and the Shanghai Cooperation Organisation (SCO).

Strategic Rivalry

Strategically, India and China view each other with suspicion. The latter’s close ties with Pakistan, its infrastructure projects in South Asia under the Belt and Road Initiative (BRI), and its military presence in the Indian Ocean have heightened India’s security concerns.

Conversely, India’s growing partnership with the US and its participation in the Quad (Quadrilateral Security Dialogue) is viewed warily by China. The 2020 Galwan Valley clash exacerbated tensions and highlighted the fragility of the relationship. Despite several rounds of military and diplomatic talks, a comprehensive resolution to the border disputes remains elusive.

Mumbai’s Shanghai Dreams

Many youth in India might not know that not too long ago, India used to compare itself with Pakistan in all spheres. This attitude changed around the turn of the millennium, when the Maharashtra government launched a mega project to revamp Mumbai in 2004, based on the “Vision Mumbai” report by Bombay First, an organisation comprising some of Mumbai’s super-rich stakeholders. The report outlined strategies for transforming Mumbai into “another Shanghai”. While the project to transform Mumbai is still a “work in progress”, it marked the beginning of India’s comparisons with China. Today, China sees India as its great rival, at least in Asia.

Read | China Is Revamping Its Military, And India Must Not Take It Lightly

Projections show that the Indian economy will surpass Germany and Japan’s to become the world’s third-largest one by 2027. Currently, however, India’s economy is only 19% the size of China’s, even though it feeds nearly the same number of people. According to the International Monetary Fund (IMF), India’s nominal GDP in 2023 stood at $3.5 trillion, compared to China’s $18.2 trillion. India’s per capita income was $2,411, while China’s was $12,720. China’s exports last year exceeded $3.38 trillion, while India’s exports were $778 billion.

Collaboration Possibilities

Since China opened its economy in 1978, it has lifted 800 million people out of poverty – a feat that hasn’t been matched by any regime in history. India has also succeeded in reducing poverty significantly. Both nations have many more millions to help. Collaborating in economic development, technology, infrastructure, environmental initiatives, healthcare, cultural exchange, and geopolitical stability can benefit both countries and the world. Overcoming historical tensions and building trust through consistent dialogue will be crucial.

The intense rivalry between the US and China will continue, and India will remain under pressure from the US to stay a reliable partner in its effort to manage China. However, India’s strategic positioning between the US and China can work to its advantage. Ultimately, New Delhi’s strategic interests are best served by a balanced approach that navigates the complex dynamics of US-China relations while advancing its own national objectives. 

India knows that neighbours with shared borders may fight at times, but they can still continue to believe in the ‘love thy neighbour’ dictum.

(Syed Zubair Ahmed is a London-based senior Indian journalist with three decades of experience with the Western media)

Disclaimer: These are the personal opinions of the author

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Taiwan’s new President Lai Ching-te in his inauguration speech urges China to stop its military intimidation https://artifexnews.net/article68197164-ece/ Mon, 20 May 2024 14:58:24 +0000 https://artifexnews.net/article68197164-ece/ Read More “Taiwan’s new President Lai Ching-te in his inauguration speech urges China to stop its military intimidation” »

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Taiwan’s new president, Lai Ching-te, said in his inauguration speech Monday that he wants peace with China and urged it to stop its military threats and intimidation of the self-governed island that Beijing claims as its own territory.

“I hope that China will face the reality of (Taiwan)’s existence, respect the choices of the people of Taiwan, and in good faith, choose dialogue over confrontation,” Lai said after being sworn into office.

Lai pledged to “neither yield nor provoke” Beijing and said he sought peace in relations with China. But he emphasized the island democracy is determined to defend itself “in the face of the many threats and attempts at infiltration from China.”

Lai’s party, the Democratic Progressive Party, doesn’t seek independence from China but maintains that Taiwan is already a sovereign nation.

The Chinese office in charge of Taiwan affairs criticized Lai’s inauguration speech as promoting “the fallacy of separatism,” inciting confrontation and relying on foreign forces to seek independence.

“We will never tolerate or condone any form of ‘Taiwan independence’ separatist activities,” said Chen Binhua, spokesperson of the Taiwan Affairs Office of China’s State Council.

“No matter how the situation on the island changes, no matter who is in power, it cannot change the fact that both sides of the Taiwan Strait belong to one China … and cannot stop the historical trend of the motherland’s eventual reunification,” Chen said.

The Chinese Ministry of Commerce on Monday also announced sanctions against Boeing and two other defense companies for arms sales to Taiwan.

Lai, 64, takes over from Tsai Ing-wen, who led Taiwan through eight years of economic and social development despite the COVID-19 pandemic and China’s escalating military threats. Beijing views Taiwan as a renegade province and has been upping its threats to annex it by force if necessary.

Lai is seen as inheriting Tsai’s progressive policies, including universal health care, backing for higher education and support for minority groups, including making Taiwan the first place in Asia to recognize same-sex marriages.

In his inauguration speech, Lai pledged to bolster Taiwan’s social safety net and help the island advance in fields such as artificial intelligence and green energy.

Lai, who was vice president during Tsai’s second term, came across as more of a firebrand earlier in his career. In 2017, he described himself as a “pragmatic worker for Taiwan’s independence,” drawing Beijing’s rebuke. He has since softened his stance and now supports maintaining the status quo across the Taiwan Strait and the possibility of talks with Beijing.

Thousands of people gathered in front of the Presidential Office Building in Taipei for the inauguration ceremony. Donning white celebratory hats, they watched the swearing-in on large screens, followed by a military march and colorful performances featuring folk dancers, opera performers and rappers. Military helicopters flew in formation, carrying Taiwan’s flag.

Lai accepted congratulations from fellow politicians and delegations from the 12 nations that maintain official diplomatic relations with Taiwan, as well as politicians from the U.S., Japan and various European states.

Lai, also known by his English name William, has vowed to continue his predecessor’s push to maintain stability with China while beefing up Taiwan’s security through imports of military equipment from close partner the U.S., the expansion of the defense industry with the manufacture of submarines and aircraft, and the reinforcing of regional partnerships with unofficial allies such as the U.S., Japan, South Korea and the Philippines.

U.S. Secretary of State Antony J. Blinken congratulated Lai on his inauguration. “We look forward to working with President Lai and across Taiwan’s political spectrum to advance our shared interests and values, deepen our longstanding unofficial relationship, and maintain peace and stability across the Taiwan Strait,” Blinken said in a statement from his office.

The U.S. doesn’t formally recognize Taiwan as a country but is bound by its own laws to provide the island with the means to defend itself.

Japan’s government spokesperson, Yoshimasa Hayashi, said it continues to expect a peaceful settlement of the Taiwan issue through dialogue.

“The peace and stability of the Taiwan Strait is important not only for the security of Japan but the stability of all of the international community,” Hayashi said Monday.

Lai’s relatively conciliatory tone will come across as reassuring to foreign governments that may have been concerned about his past reputation as a firebrand, said Danny Russell, vice president of the Asia Society Policy Institute.

“There is virtually nothing that Lai could have said, short of ‘unconditional surrender,’ that would satisfy Beijing,” he said.

Although Lai signaled he would maintain the overall direction of Tsai’s policy regarding Beijing, he struck a more sovereignty-affirming tone in his speech, said Amanda Hsiao, a senior analyst with the International Crisis Group.

“This likely fits within Beijing’s low expectations of Lai, so it won’t necessarily change their response,” Hsiao said. “China was always going to respond negatively to Lai.”

During her tenure, Tsai oversaw a controversial pension and labor reform and extended the military conscription length to one year. She also kickstarted a military modernization drive.

Tsai’s leadership during the pandemic split public opinion, with most admiring Taiwan’s initial ability to keep the virus largely outside its borders but criticizing the lack of investment in rapid testing as the pandemic progressed.



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China’s Q1 fiscal revenue falls as tax cut policies weigh https://artifexnews.net/article68097102-ece/ Tue, 23 Apr 2024 01:37:00 +0000 https://artifexnews.net/article68097102-ece/ Read More “China’s Q1 fiscal revenue falls as tax cut policies weigh” »

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The world’s second-biggest economy grew faster than expected in the first quarter. File
| Photo Credit: Reuters

China’s fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors including previous tax cut policies weighed, the Finance Ministry said on April 22.

The world’s second-biggest economy grew faster than expected in the first quarter, data showed last week, offering some relief to officials, but March indicators showed domestic demand remains frail. The property downturn continues to hurt local governments’ finance and fiscal capabilities, analysts said.

China’s tax revenue dropped 4.9% to 4.9 trillion yuan ($676.48 billion) in the first three months, but revenue from cultural, tourism and advanced manufacturing industries grew fast, Wang Dongwei, vice finance minister, told a press conference in Beijing on April 22.

Excluding the influence of special factors such as a high base and tax cut policies of 2023, China’s fiscal revenue grew about 2.2% in the first quarter, he added.

Fiscal expenditures grew 2.9% on year to nearly 7 trillion yuan in the first three months, according to Mr. Wang, slowing significantly from 6.7% growth seen in the first two months.

Responding to a question about the slow issuance of local government special bonds in January-March, Wang Jianfan, an official at the Ministry said that issuance was related to funding needs of local projects, seasonal influence on construction conditions and interest rates in the bond market.

In response to the impact of Covid previously, the Ministry also stepped up such bond issuance volume at the beginning of each year, he said, indicating this had created a high base.

The Finance Ministry will support technology-led industrial innovation with “full support” and shore up technology innovation and manufacturing development with tax and fee cut policies, Mr. Wang said.

Amid tepid domestic demand and a property crisis, Beijing has turned to investing in high-tech manufacturing to lift the economy this year.

“We will strengthen macro control, focus on expanding domestic demand, cultivate and develop new growth drivers and prevent and defuse risks to improve the quality and efficiency of fiscal policies and enhance economic recovery,” he said.

Funds from the trillion yuan of sovereign bonds issued last year had been given to local governments by the end of February, the Vice-Minister said. In particular, spending on disaster prevention and emergency management out of the funds grew by 53.4% in the first quarter.

In recent days, floods have swamped a handful of cities in southern China’s densely populated Pearl River Delta following record-breaking rains.



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European Delegates Walk Out As Vladimir Putin Starts Speaking At China Summit https://artifexnews.net/european-delegates-walk-out-as-vladimir-putin-starts-speaking-at-china-summit-4496219/ Thu, 19 Oct 2023 11:03:18 +0000 https://artifexnews.net/european-delegates-walk-out-as-vladimir-putin-starts-speaking-at-china-summit-4496219/ Read More “European Delegates Walk Out As Vladimir Putin Starts Speaking At China Summit” »

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This was Vladimir Putin’s second visit to China since the start of the Ukraine war.

China organised its biggest diplomatic event this week – a summit to celebrate the belt and road (BRI) project, a multibillion-dollar infrastructure project. President Xi Jinping opened the ceremony in the presence of several world leaders and more than 1,000 delegates at the Great Hall of the People in Beijing on Wednesday, and shared the stage with Vladimir Putin, who made a rare trip outside Russia – his first this year. But just before Mr Putin’s speech, a number of people, including European delegates, walked out of the summit.

Among those delegates was European Jean-Pierre Raffarin, former prime minister of France, news agency Reuters reported.

Videos from the event show Mr Raffarin and other delegates leaving the Great Hall as Mr Putin was set to deliver his remarks after Mr Xi.

One of the clips also showed Mr Putin, accompanied by his aides, carrying the so-called nuclear briefcase, which can be used to order a nuclear strike.

In his speech, Mr Putin thanked the Chinese leader for his invitation and said Russia could play a key role in China’s modern day revival of the ancient Silk Road.

“Russia and China, like most countries of the world, share the desire for equal, mutually beneficial cooperation in order to achieve universal sustainable and long-term economic progress and social well-being, while respecting the diversity of civilization and the right of each State to its own development model,” the Russian President said.

He arrived in Beijing on Tuesday, in only the second known trip abroad since the International Criminal Court (ICC) issued an arrest warrant against him in March over illegal deportation of children from Ukraine to Russia.

China is one of the few places where Mr Putin cannot be arrested, since it is not an ICC state. 

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Putin’s visit to Beijing underscores China’s economic and diplomatic support for Russia https://artifexnews.net/article67425592-ece/ Mon, 16 Oct 2023 02:32:41 +0000 https://artifexnews.net/article67425592-ece/ Read More “Putin’s visit to Beijing underscores China’s economic and diplomatic support for Russia” »

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Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands after speaking to the media during a signing ceremony following their talks at The Grand Kremlin Palace, in Moscow, Russia, March 21, 2023. Russian President Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s economic and diplomatic support for Moscow during its war in Ukraine.
| Photo Credit: AP

Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s economic and diplomatic support for Moscow during its war in Ukraine.

The two countries have forged an informal alliance against the United States and other democratic nations that’s now complicated by the Israel-Hamas war. China has sought to balance its ties with Israel with its economic relations with Iran and Syria, which are strongly backed by Russia.

Mr. Putin’s visit is also a show of support for Chinese leader Xi Jinping’s signature Belt and Road drive to build infrastructure and expand China’s overseas influence.

The Russian leader will be among the highest profile guests at a gathering marking the 10th anniversary of Xi’s announcement of the policy, which has laden countries such as Zambia and Sri Lanka with heavy debt after they signed contracts with Chinese companies to build roads, airports and other public works they could not otherwise afford.

Mr. Putin’s visit has not been confirmed, but Chinese officials have suggested he will be arriving on late October 16.

Asked by reporters on October 13 about a visit to China, Mr. Putin said it would encompass talks on Belt and Road-related projects, which he said Moscow wants to link with efforts taken by an economic alliance of ex-Soviet Union nations mostly located in Central Asia to “achieve common development goals.” He also downplayed the impact of China’s economic influence in a region that Russia has long considered its backyard and where it has worked to maintain political and military clout.

“We don’t have any contradictions here, on the contrary, there is a certain synergy,” Mr. Putin said.

Mr. Putin noted that he and Mr. Xi will also discuss growing economic and financial ties between Moscow and Beijing.

“One of the main areas is financial relations and creating further incentives for payments in national currencies,” Mr. Putin said. “The volume is growing rapidly, there are good prospects in high-tech areas, in the energy sector.”

Alexander Gabuev, director of Carnegie Russia Eurasia Center, said that from China’s view “Russia is a safe neighbour that is friendly, that is a source of cheap raw materials, that’s a support for Chinese initiatives on the global stage and that’s also a source of military technologies, some of those that China doesn’t have.”

“For Russia, China is its lifeline, an economic lifeline in its brutal repression against Ukraine,” Mr. Gabuev told The Associated Press.

“It’s the major market for Russian commodities, it’s a country that provides its currency and payment system to settle Russia’s trade with the outside world — with China itself, but also with many other countries, and is also the major source of sophisticated technological imports, including dual use goods that go into the Russian military machine.”

Mr. Gabuev said that while Moscow and Beijing will be unlikely to forge a full-fledged military alliance, their defense cooperation will grow.

“I don’t expect that Russia and China will create a military alliance,” Mr. Gabuev said. “Both countries are self-sufficient in terms of security and they benefit from partnering, but neither really requires a security guarantee from the other. And they preach strategic autonomy.”

“There will be no military alliance, but there will be closer military cooperation, more interoperability, more cooperation on projecting force together, including in places like the Arctic and more joint effort to develop a missile defense that makes the U.S. nuclear planning and planning of the U.S. and its allies in Asia and in Europe more complicated,” he added.

China and the former Soviet Union were Cold War rivals for influence among left-leaning states, but have since partnered in the economic, military and diplomatic spheres. Just weeks before Russia’s full-fledged invasion of Ukraine last February, Mr. Putin met with Mr. Xi in Beijing and the sides signed an agreement pledging a “no-limits” relationship, and Beijing’s attempts to pose itself as a neutral peace broker in Russia’s war on Ukraine have been widely dismissed by the international community.

Mr. Xi visited Moscow in March as part of a flurry of exchanges between the sides. China has condemned international sanctions imposed on Russia but hasn’t directly addressed the arrest warrant issued for Mr. Putin by the International Criminal Court on charges of alleged involvement in the abductions of thousands of children from Ukraine.



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China refuses to further expand cooperation with Pak in energy, water, climate under CPEC https://artifexnews.net/article67348727-ece/ Tue, 26 Sep 2023 12:37:17 +0000 https://artifexnews.net/article67348727-ece/ Read More “China refuses to further expand cooperation with Pak in energy, water, climate under CPEC” »

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China has refused to further expand cooperation in the areas of energy, water management, and climate change under the multi-billion dollar China-Pakistan Economic Corridor (CPEC), it emerged on September 25, signalling a strain in the ‘ironclad’ friendship between the two all-weather allies.

Cash-strapped Pakistan also gave up its opposition to setting up a new imported coal-fired power plant in Gwadar in Balochistan province and agreed to a number of Chinese demands to address Beijing’s concerns, The Express Tribune newspaper reported, citing the signed minutes of the 11th Joint Cooperation Committee (JCC) of the CPEC.

The JCC is a strategic decision-making body of the CPEC and its 11th meeting was held virtually on October 27 last year on the insistence of the Pakistan Muslim League-Nawaz (PML-N)-led government that wanted to showcase some progress.

However, the minutes of the meeting were signed almost a year later on July 31 during the visit of Chinese vice premier He Lifeng, highlighting the difference of opinions on both sides that led to such a huge delay in reaching a consensus, the report said.

When contacted, the Ministry of Planning stated that it was a global practice for the minutes of meetings between two countries to be signed by both sides only after due consultation and evolving consensus.

Interestingly, the final draft shared with Beijing by Pakistan and the final minutes signed by both sides were different in many ways, the report said.

China’s disagreement to further expand cooperation in areas of energy, water management, and climate change under the CPEC underscores “the challenges that both the sides are facing in deepening the economic ties”, it said.

The $60 billion CPEC, which connects Gwadar Port in Pakistan’s Balochistan with China’s Xinjiang province, is the flagship project of China’s ambitious multi-billion-dollar Belt and Road Initiative (BRI). The BRI is seen as an attempt by China to further its influence abroad with infrastructure projects funded by Chinese investments all over the world.

The CPEC is a collection of infrastructure and other projects under construction throughout Pakistan since 2013. India has protested to China over the CPEC as it is being laid through Pakistan-occupied Kashmir (PoK).

The details of the final minutes of the 11th JCC showed that China did not agree to a host of measures that Pakistan had proposed in the areas of energy, water management, climate change and tourism in Gilgit-Baltistan, Khyber-Pakhtunkhwa, PoK and the coastal areas.

China excluded cooperation in the areas of cross-border tourism in Gilgit-Baltistan, Khyber-Pakhtunkhwa, PoK and cooperation for the promotion of coastal tourism from the final minutes, the details showed.

China also did not agree to Pakistan’s proposal for the inclusion of Water Resources Management and Climate Change and Urban Infrastructure Development in the CPEC framework. The proposal for setting up a new joint working group on water resources management and climate change was also rejected by China.

China excluded the issue of financial challenges being faced by the power companies from the final minutes.

Beijing also did not agree to a proposal to include a 500kv transmission line from Hub to Gwadar to link the seaport city with the national grid in the CPEC framework.

China did not agree to “carry out joint studies for future development of Thar coal blocks, including development of mega power parks and power evacuation infrastructure, with a view to meet Pakistan’s energy needs from indigenous resources, conversion of coal into other products for domestic demand as well as exports”, the report said.

Similarly, there is no mention of the South-North gas pipeline project in the final minutes. The draft minutes mentioned the examination of a feasibility study and Chinese cooperation for the purpose.

Pakistan had proposed Chinese participation in a strategic underground gas storage project but there is no mention of this mega project in the final minutes.

Islamabad had also proposed the participation of China in the national seismic study for sedimentary areas and sought Chinese equipment. But this idea is also shelved at the bilateral level.

Pakistan proposed joint exploration, development, and marketing of metallic minerals and sought Chinese technology, but the final minutes were silent on this issue too, according to the Express Tribune report.

China also did not agree to Pakistan’s proposal of developing a policy framework for coal gasification to fertiliser projects based on Thar coal.

Meanwhile, Pakistan has given significant concessions to China on the issue of setting up the 300MW Gwadar Power Plant.

Islamabad wanted to either shelve the 300MW project or change its location to Thar to use the local coal. However, China did not agree to it, the report said.

Pakistan also wanted the conversion of the imported fuel-based Gwadar plant to Thar coal to address energy security and liquidity issues to which China did not agree.

Pakistan also committed that it would follow the consensus reached by two sides, and will direct the Pakistani power purchase companies to stop deducting the capacity power rate and return the deducted power rate.

To ensure the normal operations of CPEC power projects, the Pakistani side promised to take necessary measures to ensure timely exchange to US dollars for CPEC power projects to buy necessary fuels, the report said.



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Beijing, Moscow must deepen cooperation: China foreign minister https://artifexnews.net/article67330498-ece/ Thu, 21 Sep 2023 22:32:00 +0000 https://artifexnews.net/article67330498-ece/ Read More “Beijing, Moscow must deepen cooperation: China foreign minister” »

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Russian President Vladimir Putin, right, and Chinese Foreign Minister Wang Yi shake hands before a meeting at the Constantine Palace in St. Petersburg, Russia, Wednesday, Sept. 20, 2023
| Photo Credit: AP

Beijing’s top diplomat told President Vladimir Putin that China and Russia must work to strengthen cooperation in the face of a “complex international situation”, Chinese state media reported Thursday.

Speaking at a meeting with Mr. Putin in Saint Petersburg, at which the Russian leader accepted an invitation to visit China next month, Wang Yi said the “world is rapidly moving toward multipolarity”.

“Economic globalization is progressing against headwinds, unilateral actions are unsustainable, and hegemonism is not popular,” Mr. Wang said, according to an English readout by Beijing’s Xinhua news agency.

“Both sides need to strengthen their multilateral strategic cooperation, protect their legitimate rights and interests, and make new efforts to promote the international order toward fairness and justice,” he added.

Mr. Putin, in response, told Mr. Wang “our positions coincide regarding the emergence of a multipolar world”, according to a readout from the Kremlin.

He also said he had “gladly accepted” Chinese leader Xi Jinping’s invitation “to visit China this October as part of a major event to promote the Belt and Road Initiative”.

Mr. Putin is widely expected to attend next month’s third Belt and Road Forum for International Cooperation in Beijing, which will mark the 10-year anniversary of China’s international infrastructure project.

Precise dates for the summit have not been made public.

Asked Thursday by AFP to confirm when precisely Mr. Putin’s visit would take place, Beijing said it was “keeping close communication with its partners along the Belt and Road”.

“We welcome countries and partners actively participating in the Belt and Road Initiative to come to Beijing to discuss cooperation plans and seek common development,” foreign ministry spokesperson Mao Ning said.

China and Russia describe each other as strategic allies, with both countries frequently touting their “no limits” partnership and economic and military cooperation.

They came even closer after Russia’s invasion of Ukraine in February last year, which China has refused to condemn.

The Kremlin has sought to deepen ties with China after the start of its Ukraine offensive, which has thrown Moscow into increasing isolation.

China has sought to position itself as a neutral party in the Ukraine conflict, while offering Moscow a vital diplomatic and financial lifeline.



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