CPEC: Views of the Business Community in Pakistan

Jyotishman Bhagawati, Research Intern, Institute of Chinese Studies 

The China Pakistan Economic Corridor has created a sense of both euphoria and scepticism in Pakistan. The euphoria is because of the size and scale of the corridor project which is expected to create 700,000 direct jobs and whose total cost, according to a Deloitte study, is estimated to touch US$75billion upon completion [1]. At the same time, there are also increasing concerns over the project primarily due to the lack of concrete details about the various schemes falling under it which the government is accused of not sharing with the public [2]. Against this backdrop, it is imperative to note the perceptions of the business community in Pakistan regarding the CPEC as it is one of the most crucial stakeholders in the project. Continue reading “CPEC: Views of the Business Community in Pakistan”

BRICS: Cooperation or Cynicism?

Aravind Yelery, PhD, Assistant Director & Associate Fellow, Institute of Chinese Studies

नुकत्याच संपलेल्या 8 व्या ब्रिक्स बैठकीत सहभागी विकसनशील देशांनी ‘गोवा जाहीरनामा’ स्वीकारला. या बैठकी दरम्यान आणि नजीकच्या काळात प्रादेशिक आणि जागतिक राजकारणात नवीन राग-रंग उजळून समोर आले. दहशतवादाचा मुद्दा, दुटप्पी धोरण आणि गुंतागुंतीच्या आर्थिक बाबींवर ब्रिक्स सारख्या महत्वाच्या संघटनेची नक्की भूमिका काय हे मात्र ठळकपणे अधोरेखित झाले नाही. सर्वात महत्वाचे म्हणजे चीन सारख्या देशाचे जागतिक स्तरावरील राजनय कसे ठिसूळ आणि दुटप्पी झाले आहे हे दिसून येते. Continue reading “BRICS: Cooperation or Cynicism?”

China’s Foreign Exchange Reserves

Ambassador (retd.) Kishan S RanaHonorary Fellow, Institute of Chinese Studies.

China’s foreign exchange reserves used to be $5 trillion, some three years back. Now they are down to $3.22 trillion. This has been the result of financial challenges that it has faced, including efforts to protect the value of the Yuan. The reserves are still huge, say 9 times larger than India’s $350 billion. But some may wonder if this is proof of economic decline.

Continue reading “China’s Foreign Exchange Reserves”