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Archive for category CHINA SHINING

Western contempt for China turns to panic By SPENGLER in Asia Times

Western contempt for China turns to panic

Economic boom continues with electronics industry domination and infrastructure growth through trillion-dollar Belt and Road Initiative

 By SPENGLER 
SEPTEMBER 18, 2017
Not since the British garrison at Singapore surrendered to Gen. Tomoyuki Yamashita in 1942 has the Western opinion of an Asian power changed so fast. When China’s 2015 stock market bubble popped, prevailing Western opinion held that China’s economic boom would flame out in a debt crisis comparable tIt will shock Americans who have been told for years that China merely copies Western technology by stealing trade secrets, and for that reason alone Prof. Allison’s book fairly might be called the most influential book of the year.
Allison warns:
In the three and a half decades since Ronald Reagan became president, by the best measurement of economic performance, China has soared from 10 percent the size of the US to 60 percent in 2007, 100 percent in 2014, and 115 percent today. If the current trend continues, China’s economy will be a full 50 percent larger than that of the US by 2023. By 2040 it could be nearly three times as large. That would mean a China with triple America’s resources to use in influencing outcomes in international relations. Such gross economic, political, and military advantages would create a globe beyond anything American policymakers can now imagine.
A sense of resignation, if not outright defeatism, pervades the Trump White House where China is concerned. Washington is dependent on Beijing in the matter of North Korea’s nuclear ambitions; it has no military option as matters stand, and no appetite to undertake the formidable investments in ballistic missile defense that would be required to contain the North Korean threat.

President Xi Jinping Speaking at The World Economic Forum

In August 2015, the Establishment consensus thought it saw the headlamp of the oncoming express when the glimmer really was light at the end of the tunnel. I examined the forces at work in an Aug. 2 article for this publication. As the RMB appreciated against the dollar during 2013-2015, Chinese companies borrowed massively in dollars, expecting that their dollar-denominated debt would continue to lose value against their RMB earnings. The People’s Bank of China had given them a one-way bet.
But as the US dollar rose sharply against all other currencies during 2014 and 2015, the PBOC had to allow Chinese interest rates to rise in order to maintain the RMB’s high exchange rate with the dollar.  This brought real interest rates to a peak of 6% in 2015, the highest in the world, and high real interest rates suppressed industrial prices and squeezed corporate profits, forcing state-owned enterprises to borrow heavily to pay debt service.
In August 2015 the PBOC let the RMB drop against the dollar, a signal to China’s borrowers to pay back dollar debts and replace them with local-currency loans. They sold roughly $1 trillion of local currency to buy dollars with which to pay back their dollar loans, and the PBOC sold them dollars for local currency.
China’s official reserves fell by $1 trillion and corporate dollar debt fell by $1 trillion, so that China’s net creditor position was little changed, as Bank for International Settlements economists pointed out in 2016 (as did this writer). There was little or no net capital outflow, but the Western investment community and economics profession mistook this balance-sheet adjustment for capital flight.
By early 2017, producer prices were rising, real interest rates were falling and Chinese reserves stabilized. Corporate profits surged, corporate leverage declined and stock prices boomed.
Investor opinion about the Chinese stock market has only begun to change, but corporate America has been bullish on China all along. Chinese companies’ share of global electronics production, meanwhile, rose from 30% in 2012 to nearly 60% in 2016, and this share will rise to 87% by the end of the present year. China is the world’s largest market for electronic components and no American company can afford not to have a major presence there.
President’s Trump veto of a Chinese-backed purchase of Lattice Semiconductor last week drew headlines, but shouldn’t have. Lattice is a second-tier firm whose production facilities have already moved to Asia. But America’s top of the line tech companies have been selling their family jewels to China for years, as a condition of entry into the Chinese market.
As the New York Times reported Aug. 4, 2017:
To gain access to the Chinese market, American companies are being forced to transfer technology, create joint ventures, lower prices and aid homegrown players. Those efforts form the backbone of President Xi Jinping’s ambitious plan to ensure that China’s companies, military, and government dominate core areas of technology like artificial intelligence and semiconductors…The worry is that by teaming up with China, American companies could be sowing the seeds of their own destruction, as well as handing over critical technology that the United States relies on for its military, space and defense programs.
Advanced Micro Devices and Hewlett Packard Enterprise are working with Chinese companies to develop server chips, creating rivals to their own product. Intel is working with the Chinese to build high-end mobile chips, in competition with Qualcomm. IBM has agreed to transfer valuable technology that could enable China to break into the lucrative mainframe banking business.
America produced every important invention in the digital age, from integrated circuits to semiconductor lasers, solar cells, flat panel displays, sensors and light-emitting diodes. Except for integrate circuits, Asia now produces virtually all the world’s output of these building-blocks of the electronics industry, and China has a crash program underway to become the world’s major producer of semiconductors.
To my knowledge, the only senior adviser to President Trump who proposed to stop this practice was Steve Bannon, who left the White House in August. Interfering with US companies’ tech transfer to China would hurt revenues in the short- and medium-term. US companies are making a good living on the rise of China, and CEO’s worry about their stock price during the next five years, not about America’s competitive position in 10 years.
Western analysts, in general,dismissed China’s trillion-dollar Belt and Road Initiative (BRI). During the past year, though, new rail lines have lined China to Iran, Turkey and from there to Western Europe, drastically reducing the time and cost of shipping across the Eurasian continent. Two rail links to Iran are now in operation.
On September 6, the first train to Teheran departed from Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region, with a 15-day journey time to Iran’s capital, half as long as sea transport. The Baku-Tbilisi-Kars railway linking China with Turkey and the South Caucasus begins operations in October. China already is Turkey’s largest source of imports.
As a result, once-neglected areas of Western China have become the most dynamic zones in the China’s economy. According to a recent study by the Milken Institute, the fastest-growing city in China is Chengdu, a metropolis of 12.3 million people in Sichuan province. Few Westerners can find Chengdu on a map, but it exemplifies the initial success of BRI.
Rail links bind Western Asia to Beijing. Chinese companies will be able to pack components into containers for assembly by low-cost Turkish labor, and further export to Europe and Africa. But the visible face of BRI may be less important than the digital revolution coming from China. China is the first emerging economy to shift from cash to digital payments, as mobile broadband reaches the outlying parts of the Chinese economy.
Companies like Alibaba and Tencent draw rural areas into a global economic marketplace. Chinese who once tilled subsistence plots or manned market stalls are turning into entrepreneurs with access to capital markets through such platforms as Jack Ma’s Ant Financial, and global sales through Alibaba.
Turkey plans to become a cashless society by 2023, using the Chinese example and Chinese technology. China now makes 90% of the world’s smartphones. Its low-cost handset producers stand to dominate emerging markets. Google has just established a joint venture with China’s handset manufacturer Xiaomi to market mid-range, high-performance smartphones in India.
China is transforming the economics on its periphery. This has obvious and deep strategic implications. Turkey now looks East to China rather than West to the European Community for its economic future. Iran, long dependent on Chinese trade to circumvent the Western embargo, is increasingly dependent on Chinese investment for oil and gas extraction.
American influence in Western Asia is eroding quickly. Turkey is now a NATO member in name only; it has bought Russia’s S-400 air defense system over NATO protests, and it has allied with Iran to suppress Kurdish forces in Syria whose success threatens to strengthen Kurdish independence movements in Iran as well as Turkey.
Suddenly, from the South China Sea to the Bosporus, the United States cannot move without brushing up against Chinese influence, if not outright Chinese power. It’s not quite the same as Yamashita’s march across the Malaysian jungle. But if anything, the fecklessness, complacency, and incompetence of America’s leaders exceed the fabled stupidity of the British at Singapore.

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Sabotaging the Gwadar and CPEC Project by Nasurullah Brohi

 

The external infiltration has always been a major reason for the instability in Pakistan and despite huge diplomatic efforts and raising voices at various international forums; the issue has never been resolved. Particularly, right from the proclamation of the China’s investment plans for the development of Gawadar port and CPEC projects with an announcement of $46 billion development projects for Pakistan, the regional rogue powers never sat with ease. Since, with its immense trade potential, the Gwadar Port provides the shortest trade route and serves as a corridor between the Persian Gulf and Western China.

Notably, China provides over 80 percent of the $248 million for the development of the Gwadar Port. The decision to invest on Gwadar Port, allows the regional states and the trade partners to benefit through a short, safe and convenient trade route that effectively passes through the South China Sea, Pacific Rim, Malacca Strait and Sri Lanka and effectively connects the entire region with the European markets.

Pakistan has always shown serious concerns over the Indian efforts to sabotage the China-Pakistan-Economic-Corridor (CPC) by possible terror attacks aimed at making the CPEC a failure. The issue of sabotaging the projects through the clandestine nexuses against the Pakistan as revealed after the recent apprehension of Indian spy Kulbhushan Yadav with a series of his confessions about the tasks and operations yet were in the pipeline to carry out in Pakistan.

Such motives do not seem merely confined with the objectives to put a single target in chaos but in fact, reflect the eager pursuits of creating muddle the situations that ultimately delay the completion of the development projects particularly those underway with the friendly states and predominantly that aim at boosting Pakistani economy.

At the diplomatic fronts, ambitious efforts also try to isolate Pakistan by creating a typical sense of bitterness amidst the relations of Pakistan with its friendly states like China but fortunately, the time-tested friendship

a typical sense of bitterness amidst the relations of Pakistan with its friendly states like China but fortunately, the time-tested friendship between the two countries, and the wisdom of their leaderships never let such immoral tactics to become successful. Many analysts believe, since, India considers China as a regional competitor, therefore; it frequently tries overcoming the China rise that greatly diminishes the chances of Indian ambitions of becoming a regional and later on a global power.

With over 46 billion dollars investment, the project would greatly increase the political and economic influence of China in the region, therefore; the Indian side always attempted through the despicable means to creating law and order situation in the region. Such tactics often used as a tool to compel the Chinese to vacate the Gawadar port and eventually lose interest in the completion of the CPEC and Gwadar projects. Though India poured an initial investment of $150 million for the development of Iranian Port of Chah Bahar but such strives could not undermine the significance of the Gwadar Port.

Comparatively, the Gwadar port enables the regional countries to carry out the trade activities much easier access than Chah Bahar. In addition, the Port also provides landlocked Afghanistan and the Central Asian states with much cheaper opportunity than the Chah Bahar. The Gwadar Port also reduces the trade distances of regional partners from 10,000 km to 2,500 km. moreover; the regional trade partners will effectively save the cost and time as well.

However, the firmness Chinese and Pakistani government is always obvious for making the long cherished dream a resounding success. For the reasons of security and the timely completion of the CPEC project additionally with the successful functioning of the Gwadar Free Trade Zone, Pakistan has allocated a special security division of over 8, 000 military personnel. In addition, an estimated number of 90,000 security personnel comprising the paramilitary and other security services of Pakistan also vigilantly monitor and ready to curb all the Indian secret activities for sabotaging the Chinese investment plans in Pakistan.

Reference

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Chinese Navy launches carrier killer destroyer in North Sea Fleet against US in Islamabad Times

Chinese Navy launches carrier killer destroyer in North Sea Fleet against US

 

 

 

 

 

Courtesy: Geo.tv Pakistan

 

 

 

 

 

On Monday White House spokesman Sean Spicer warned China the US would “defend” American and international interests in the disputed the South China Sea where China has built a series of artificial islands capable of military use.

“If those islands are, in fact, in international waters and not part of China proper, yeah, we’ll make sure we defend international interests from being taken over by one country,” he said.

Trump’s nominee for secretary of state, Rex Tillerson, said last week China’s access to the islands might be blocked — raising the prospect of a military confrontation.

China lays claim to a vast stretch of the waterway within a so-called “nine-dash line,” including waters claimed by several of its neighbour.

The Global Times said Trump had called repeatedly for a US nuclear arms build-up.

“Even Washington feels that its naval forces and nuclear strength are lacking, so how can China be content with its current nuclear strength when it is viewed by the US as its biggest potential opponent?” it asked.

The paper said China’s nuclear forces “must be so strong that no country would dare launch a military showdown” with it.

“China must procure a level of strategic military strength that will force the US to respect it.”

The comments were in marked contrast to Xi’s speech at the United Nations days earlier.

“Nuclear weapons should be completely prohibited and destroyed over time to make the world free of nuclear weapons,” Xi said.

China has been a nuclear power since 1964.

The PLA has been flexing its muscles since Trump’s election, showing off upgraded combat aircraft and new fighters. The country’s only aircraft carrier entered the Taiwan Strait this month in a symbolic show of strength.

On Monday the PLA navy announced it had commissioned its fifth “carrier killer” guided-missile destroyer and delivered it to the North Sea Fleet.

The system is believed to be designed to deter the US Navy, which has the world’s largest number of carriers.

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Confucious Institute: A Symbol of Pak-China Friendship

 
Bismillah ir-Rahman ir-Raheem
wa salli `ala nabiyyihi Muhammadin wa `ala aalihi wa saahbihi ajmaa`een

Hadith:
‘Utlub il ‘ilma wa law fis-Sin.


The Prophet (SAW) said,
“Seek knowledge even in China,”



Hadith HASAN MASHHÛR – “fair, famous.” Note: Applied to a hadith, the term mashhûr refers to a type of ahad narration that has five to nine narrators at each link of its chain and is therefore nearly mass-narrated (tawatur). Note that this is not an index of its authenticity as a mashhûr hadith may be either sahîh, hasan, or da`îf. Also, the label of mashhûr is sometimes given to merely famous narrations which are not nearly-mass-narrated.

Narrated from Anas by al-Bayhaqi in Shu`ab al-Imaan and al-Madkhal, Ibn `Abd al-Barr in Jami` Bayaan al-`Ilm, and al-Khatib through three chains at the opening of his al-Rihla fi Talab al-Hadith (p. 71-76 #1-3) where Shaykh Nur al-Din `Itr declares it weak (da`îf). Also narrated from Ibn `Umar, Ibn `Abbas, Ibn Mas`ud, Jabir, and Abu Sa`id al-Khudri, all through very weak chains. The hadith master al-Mizzi said it has so many chains that it deserves a grade of fair (hasan), as quoted by al-Sakhawi in al-Maqaasid al-Hasana. Al-`Iraqi in his Mughni `an Haml al-Asfar similarly stated that some scholars declared it sound (sahîh) for that reason, even if al-Hakim and al-Dhahabi correctly said no sound chain is known for it. Ibn `Abd al-Barr’s “Salafi” editor Abu al-Ashbal al-Zuhayri declares the hadith hasan in Jami` Bayaan al-`Ilm (1:23ff.) but all the above fair gradings actually apply to the wording: “Seeking knowledge is an obligation upon every Muslim.”

 

al-Mizzi said it has so many chains that it deserves a grade of fair (hasan)

The first to declare the “China” hadith forged seems to be Ibn al-Qaysarani (d. 507) in his Ma`rifa al-Tadhkira (p. 101 #118). This grading was kept by Ibn al-Jawzi in his Mawdu`at but rejected, among others, by al-Suyuti in al-La’ali’ (1:193), al-Mizzi, al-Dhahabi in Talkhis al-Wahiyat, al-Bajuri’s student Shams al-Din al-Qawuqji (d. 1305) in his book al-Lu’lu’ al-Marsu` (p. 40 #49), and notably by the Indian muhaddith Muhammad Taahir al-Fattani (d. 986) in his Tadhkira al-Mawdu`at (p. 17) in which he declares it hasan.

Al-Munawi, like Ibn `Abd al-Barr before him, gave an excellent explanation of the hadith in his Fayd al-Qadir (1:542). See also its discussion in al-`Ajluni’s Kashf al-Khafa’ under the hadith: “Seeking knowledge is an obligation upon every Muslim,” itself a fair (hasan) narration in Ibn Maajah because of its many chains as stated by al-Mizzi, although al-Nawawi in his Fatawa (p. 258) declared it weak while Dr. Muhammad `Ajaj al-Khaatib in his notes on al-Khatib’s al-Jami` (2:462-463) declared it “sound due to its witness-chains” (sahîh li ghayrih). Cf. al-Sindi’s Hashya Sunan Ibn Maajah (1:99), al-Munawi’s Fayd al-Qadir (4:267) and al-Sakhaawi’s al-Maqaasid al-Hasana (p. 275-277).

Image result for China Pakistan Logo
 

Confucious Institute: A Symbol of Pak-China Friendship

Times of Islamabad

 

The all-weather and time-tested friendship between Pakistan and the Peoples Republic of China seems to be almost a rare phenomenon in modern day diplomacy in terms of ascendancy of relationship between the two countries in a rather shorter span of time.

The diplomatic relations between the both countries were established on May 21, 1951 after Pakistan recognized China on January 4, 1950.

In mere 65 years’ time, these ties are now being often termed by both as taller than Himalayas, deeper than oceans, sweeter than honey and stronger than steel.

And these assertions are mere not rhetoric as they are very much based on the facts and ground realities. Over the decades, they were fostered on institutions to institutions and people to people as well as at the grassroots level forging deeper understanding and goodwill.

The purview covered various fields of fields of activities and the academic realm was no exception.

In this respect, the province of Sindh did not lag behind. A Confucious Institute was established at the University of Karachi in 2013 as part of collaboration with Sichnan University.

Confucious was a Chinese teacher, editor, politician and philosopher of the Spring and Autumn period of the Chinese history.

At Karachi University this Institute is offering certificate programmes in Chinese language and culture accredited by the Hanbem headquarters China.

A Dean of Karachi University, Prof. Dr. Khalid Iraqi, informed that the Confucious Institute here has two directors- one from China and the other is from Pakistan whereas six instructors have come from China.

He said that in a major move, Karachi University has introduced Chinese language as a subsidiary subject at the undergraduate level and the enrollment at present is 22 students which has been termed as a good beginning.

The Director of the Confucious Institute at the University of Karachi, Moin Siddiqui, informed that certificate courses of various levels- I, II, III and IV, are being offered, The duration is four months and the current enrollment is 375 students.

Siddiqui said that the University of Karachi has introduced from January this year, Chinese language as a subsidiary subject for its Honours programme and currently 22 students are studying.

He stated that the Confucious Institute of Karachi University is also offering its services for conducting Chinese classes in other academic institutions in the metropolis.

Siddiqui informed that two classes each are being run at the Preston University and the Institute of Business Administration, Karachi.

The number of students enrolled at Preston University is 75 whereas that at the IBA Karachi is 55.

Chinese classes at the Latif Ibrahim Jamal (LEJ), University of Karachi, have been planned and these would be started by July this year.

There is also a move for the initiation of the students and the faculty exchange programme, he added. Siddiqui apprised that with regard to the Confucious Institute at the University of Karachi an agreement with the Chinese Government was reached in November 2013 and the classes commenced two months later.

This very programme is going ahead at the University in a very smooth and successful manner.

It will certainly expand further like the very close relations between Pakistan and China besides fostering goodwill and understanding among the people of the two countries.

In Pakistan two other Confucious Institute are currently operating. Besides, University of Karachi, they are located at NUML in Islamabad and the Agriculture University Faisalabad. At the global level there exist over 500 Confucious Institute in 133 countries around the world.

With the successful launch of the mega China-Pakistan Economic Corridor (CPEC), there would be also need for expanding the number of Confucious Institutes in Pakistan.

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Despite US concerns, Pakistan Announced to test Fire its first ICBM in 2014

Despite US concerns, Pakistan Announced to test Fire its first ICBM 2014

 

 

 

 

The Pakistani military has declared that the country is ready to test-fire its first indigenously developed ICBM (Intercontinental Ballistic missile) named “Taimur” despite the Heavy concerns of the United States, Europen Union & the country’s Arch-rival India. The Pakistan’s Powerful Military has issued the statement at a time Whitehouse is doing its level best to persuade the country to confine its Nuclear and Missile Program. According to the Statement released by a senior official from the Pakistan’s Military public relation wing, The ICBM will be able to cover a range of up to 7,500 km which will make the Islamabad capable of hitting its opponents anywhere in the Entire Asia, Europe and some Part of Africa, Australia and the USA.

Senior Defense Experts believe, That the test will send a strong message to the united states as they are cooperating with the country’s arch-rival India in the fields of defense and Technology which is Boosting the professional capabilities of the Indian Armed forces, what Pakistan consider a potential threat to its security & sovereignty. The Missile test will also influence the Pakistan’s campaign of avoiding India get the Permanent seat in the UNSC.


The Pakistan’s First ICBM (intercontinental ballistic missile) “Taimur” missile, is reportedly 19-meter tall, weighing 46 tonnes and it can hold nuclear warheads with up to 2.1 tonnes.
Last year, Pakistan had successfully tested fired A nuclear Ballistic missile Shaheen-3 which has the capability to strike Anywhere in India & in the whole middle east including Israel.

Although, The Pakistani Govt had denied the Arms race or Arms competition with Economically strong India, But the recent missile and armed drones tests from the Pakistani Army shows the country is not ready to accept India as a regional military power.

Most Recently, A survey released by New york times shows, Pakistan as the largest producer of Nuclear weapons, Missiles & other latest automatic weapons, The survey also claimed that the country may become the third largest nuclear power by 2025.

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