Pak moves closer to China, hails controversial CPEC

Pak moves closer to China, hails controversial CPEC

The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks.

China today dismissed India's concerns over the Belt and Road initiative, saying the mega venture has broad global support and the China- Pakistan Economic Corridor (CPEC) project which is a part of it will not affect Beijing's stand on Kashmir.

The "Belt and Road Initiative" calls for building ports, railways and other facilities in a vast arc of 65 countries.

"We see much merit in the Belt and Road Initiative, we see opportunities for collaboration, but we take decisions about initiatives in Australia on the basis of what is Australia's national interest".

Pakistan Prime Minister Sharif, his Sri Lankan counterpart Ranil Wickremesinghe, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan were among the world leaders who attended the high-profile meeting.

The One Belt One Road project is already in action in Chongqing in southern China where a massive logistics center moves containers on to trains 24 hours a day. However, India stayed away over concerns for China's plans for the China-Pakistan Economic Corridor.

"China stresses that this initiative is not benefiting China alone, but it's of a benefit to all participating countries, and as we say, this initiative is not a solo piece but a symphony played by all participating countries", Qi said.

Xi tried to mollify concern about a potential Chinese-dominated bloc by saying "Belt and Road" is meant to be an "open and inclusive platform for development".

Rapper Travis Scott arrested in northwest Arkansas
Video from the concert last night shows Travis Scott thanking the fire marshals and security before he heads off stage. Most recently, things got out of hand when a fan jumped from a third story balcony during his concert in NY .

Pakistan and China signed six accords of cooperation in diverse fields.

"U.S. firms have a long and successful track record in global infrastructure development, and are ready to participate in Belt and Road projects".

In the communique, China and other nations underlined the importance of expanding trade and investment based on a level playing field.

A clear indication of India's boycott came last night in an official statement that said India can not accept a project that violates its sovereignty and territorial integrity.

On Sunday, Xi pledged US$124 billion for the new Silk Road which expands links between Asia, Africa, Europe and beyond. He said deep-seated problems in global development had yet to be addressed effectively, with worldwide trade and investment sluggish, and economic globalization encountering headwinds.

The Belt and Road Forum for International Cooperation was held in the city for two days.

Some European countries have refused to sign off on a trade statement at China's Silk Road summit, a diplomat said yesterday, dealing a setback to Beijing's efforts to gain full support for its initiative.

"The Chinese president's announcement to contribute an additional 100 billion yuan (around $14.5 billion) to the Silk Road Fund is a piece of good news for neighboring countries like Nepal that have recently joined the Belt and Road Initiative", Mahat said.

Related News:

  • 'Spicy's back': Melissa McCarthy returns as Sean Spicer and SNL guest host

    The silliness of McCarthy-as-Spicer fades, as the live sketch transitions into a Simon and Garfunkel-scored pre-taped film. Baldwin's Trump insisted that it had less to do with the economy and more about sex with the First Lady.

    Jordanian stabs Israeli officer in Jerusalem, shot dead

    On Friday, Israeli forces shot dead a Palestinian youth and wounded more than 10 others during clashes in the occupied West Bank. He is due to travel to the Middle East this month and meet separately with Israeli and Palestinian leaders on May 22-23.
    Texas adoption bill OK's rejection of non-Christian parents

    Texas adoption bill OK's rejection of non-Christian parents

    The bill had been scheduled for debate and approval Saturday in the state House, but lawmakers bogged down with other matters. Abbott has declared fixing child protective services a priority in the face of rising investigator caseloads and child deaths.
  • Browns rookie Peppers defends reputation amid drug talk

    And, apparently, the Browns requested a copy of the first segment where Parr initially accused Peppers. He's another Josh Gordon. "He's not gonna make it through the season".

    'We Finally Agree': Trump Retweets Rosie O'Donnell on Comey Firing

    Instead, they've ramped up their calls for a special prosecutor to take over the Trump-Russia case - a decision that lies exclusively in the hands of Rosenstein.
    Bennet statement opposing president's Antiquities Act executive order

    Bennet statement opposing president's Antiquities Act executive order

    The monuments to be reviewed were all established under sitting USA presidents under the Antiquities Act of 1906 . Nothing in the act's 111-year history suggests that Trump can shrink or abolish monuments by executive order.
  • EBRD: Azerbaijan's economy to grow 2% in 2018

    EBRD: Azerbaijan's economy to grow 2% in 2018

    The main driver of the economic growth during this period was the private consumption, amid more disposable income (supported by Value-Added Tax and wage increases), improved labour market and low inflation.
    Where is Justice Karnan?

    Where is Justice Karnan?

    The five-judge bench headed by J S Khehar comprised of Justices Kurian Joseph, U U Lalit, Abdul Nazeer, and R F Nariman. More so, when the court itself had directed a mental check-up of Karnan, a sitting judge of the Kolkata High Court.
    Israeli authorities release fabricated video to try to undermine Palestinian hunger strike

    Israeli authorities release fabricated video to try to undermine Palestinian hunger strike

    In response to the ad, a large number of Palestinians called for a boycott of the pizza chain on social media. Pizza Hut issued an apology for the ad on the Facebook account of its franchise in Lebanon.
  • China's Silk Road forum latest effort to boost Xi's stature

    China's Silk Road forum latest effort to boost Xi's stature

    The original plan was for a host country press statement, but China changed that to a joint communique, the source said. Nepal wants investments for road and railway connectivity, which are key to the country's development, he said.
    Broxton's 4 RBIs help Brewers defeat Red Sox

    Broxton's 4 RBIs help Brewers defeat Red Sox

    Manager John Farrell says Price will need at least two minor league starts before he'll be ready to rejoin Boston's rotation. They also scored two runs on throwing errors by catcher Christian Vazquez , one each in the fifth and sixth.
    Mental Health And Motherhood

    Mental Health And Motherhood

    One of the most crucial, and perhaps understated, issues within mental health relates to children and young people. Many people are quick to shun or to blame those who afflicted, rather than recognizing the need for compassion.


Most liked

Adam Lallana: Liverpool showed they can handle the pressure at West Ham
If we don't have the results I am disappointed but what is not excusable is to not give your best". The confidence has been there the last few games so we've just got to keep the momentum going.

The 20 Most Popular Baby Girl Names in America
In fact, the four names that dropped the most were all variations of the same name: Caitlin, Caitlyn , Katelynn and Kaitlynn. The top 10 boys names for 2016 in order are: Noah , Liam, William, Mason, James, Benjamin, Jacob, Michael, Elijah and Ethan.

'None of the foreign players took responsibility'
In his second over, Thakur had Shaun Marsh spooning a catch to mid-off, and then tucked Rahul Tewatia up early in the sixth over. In such a scenario, KKR, KXIP and RPS will end with 16 points each and SRH will finish at number two behind Mumbai Indians.

Quiz: Derek Jeter's career, by the numbers
Saturday's game between the Houston Astros and New York Yankees has been postponed due to the threat of inclement weather. The Derek Jeter Night pregame ceremony is scheduled to take place no earlier than 6:35 p.m.

Sean Spicer under fire during crucial week for Trump
Huckabee Sanders conducted the daily White House press briefing in Spicer's place Wednesday. This is only the second time in history that an FBI Director has been let go.

Mnuchin: US partners more comfortable with Trump on trade
Canadian Prime Minister Justin Trudeau has said he would consider retaliating against US coal imports. Top finance officials from the Group of 7 advanced economies have gathered to hear about U.S.

UK Labour leader accuses Theresa May of 'pandering' to Trump
Labour leader Jeremy Corbyn at the James Paget Hospital in Gorleston-on-Sea, Great Yarmouth, during the campaign trail. Meanwhile, Armed Forces Minister Mike Penning said Mr Corbyn is "pretending he's got what it takes to keep us safe".

ObamaCare supporter allegedly tried to run GOP lawmaker off the road
Investigators said Wright's actions made Kustoff and his aide believe they were going to be forced off the road. Wright fled before cops could arrive, but they nabbed her because she posted about the encounter on Facebook.

Arizona's Chris Iannetta leaves game after taking pitch to face
The Pirates have been outscored 34-7 on the trip and have scored only 23 runs in their last 10 games, losing eight. In Thursday's opener, the D-Backs carried a 2-0 lead out of the third inning and held on for a 2-1 win.

Freed Chibok girls meet Nigerian leader
According to ICRC, on its Twitter page it stated that it acted as an intermediary between Boko Haram and the Nigerian government. ICRC had played a similar role a year ago October, when Nigeria got the first batch of 21 Chibok girls released.

Manchester Utd v Celta Vigo Betting Tips
The loss meant United's hopes of finishing in the top four were in jeopardy. I am thinking about the club and I am thinking about the players.

Penguins shut out Capitals in Game 7, advance to East final
General manager Brian MacLellan tried to surround the 31-year-old with talent by acquiring forwards T.J. The goal was to foster a four-line approach with more even playing time across the team's 12 forwards.

SmackDown Recap: Jinder Mahal Pins Randy Orton
Orton was out first, and he was met with a challenger as Mahal predictably came out to talk and stare him down. Rusev demanded a title opportunity at Money in the Bank a couple weeks ago, but he has heard nothing.

Microsoft unveils a big Windows update and virtual reality hand controllers
Like the Clipboard feature, Microsoft will hope third-party developers enable these experiences within their mobile apps. This is no longer necessary, as the files in their updated format will be available whenever the user clicks them.

Theresa May pledges energy price cap if re-elected
It might cost Centrica something like £200m and make it much tougher for the firm to reintroduce its progressive dividend policy. Mr Clark said that the Competition and Markets Authority had found that the market was not sufficient competitive.