360° Coverage : China to build new Silk Road rail link to Pakistan

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China to build new Silk Road rail link to Pakistan

Jul 1 2014, 7:16am CDT | by

Beijing, July 1 (IANS) China has allocated funds for building a railway line from the city Kashgar in northwestern Xinjiang Uygur autonomous region to Pakistan's deep-sea Gwadar Port on the Arabian Sea, local media reported.

Beijing, July 1 (IANS) China has allocated funds for building a railway line from the city Kashgar in northwestern Xinjiang Uygur autonomous region to Pakistan's deep-sea Gwadar Port on the Arabian...

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13 weeks ago

China to build new Silk Road rail link to Pakistan

Jul 1 2014, 7:16am CDT | by

Beijing, July 1 (IANS) China has allocated funds for building a railway line from the city Kashgar in northwestern Xinjiang Uygur autonomous region to Pakistan's deep-sea Gwadar Port on the Arabian Sea, local media reported.

Beijing, July 1 (IANS) China has allocated funds for building a railway line from the city Kashgar in northwestern Xinjiang Uygur autonomous region to Pakistan's deep-sea Gwadar Port on the Arabian Sea, local media reported.

"The 1,800-km China-Pakistan railway is planned to also pass through Pakistan's capital of Islamabad and Karachi," China Daily Monday quoted Zhang Chunlin, director of Xinjiang's regional development and reform commission, as saying last Thursday at the International Seminar on the Silk Road Economic Belt in Urumqi, Xinjiang's capital.

"Although the cost of constructing the railway is expected to be high due to the hostile environment and complicated geographic conditions, the study of the project has already started," Zhang said.

The railway line, which will pass through the Pamir Plateau and Karakoram Mountains, will be one of the hardest to build, Zhang said, adding that it will be the most vital transport infrastructures on the China-Pakistan corridor along China's newly proposed Silk Road Economic Belt.

"China and Pakistan will co-fund the railway construction. Building oil and gas pipelines between Gwadar Port and China is also on the agenda," Zhang said.

Control of Gwadar Port was given to China and an agreement was signed with China Overseas Ports Holding Co May 16, 2013, to transfer operational rights from the Port Authority of Singapore.

The move means China will now be able to run a port just opposite the Gulf of Oman, an important route for oil tankers.

The speed of road and railway construction in Xinjiang was significantly increased after September 2013, when President Xi Jinping raised the idea of the economic belt, Zhang said.

Xi proposed reviving the ancient trade routes connecting China, Central Asia and Europe.

The Chinese government has decided to develop three main corridors through southern, central and northern Xinjiang, which connects China with Russia, Europe and Pakistan.

Work is also due to begin soon on the long-planned China-Kyrgyzstan-Uzbekistan railway.

The region, which borders eight countries, also plans to open three new land ports to Kyrgyzstan, Kazakhstan and Russia.

"We will consider opening the ports to Afghanistan and India once social stability can be ensured. After all, openness is the foundation of boosting trade," Zhang said.

 
Update
11

1 hour ago

Weak demand hits factory activity across Asia, Europe

Oct 1 2014 1:39pm CDT | Source: Business Standard

Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth in the months ...
Source: Business Standard   Full article at: Business Standard
 

 
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10

2 hours ago

Amid pro-democracy protest in Hong Kong, Kathleen Wynne will go on first trade mission to China

Oct 1 2014 12:59pm CDT | Source: National Post

TORONTO — Ontario Premier Kathleen Wynne will be going on a trade mission to China later this month, an announcement that comes amid pro-democracy protests in Hong Kong that the Chinese government has declared illegal. Wynne will travel on her first international trade mission as premier to Nanjing and Shanghai, then will head to Beijing, where she will join the premiers of Quebec and Prince Edward Island for ...
Source: National Post   Full article at: National Post
 

 
Update
9

2 hours ago

Carlisle buys LHi Technology for $195 million

Oct 1 2014 12:37pm CDT | Source: Charlotte Business Journal

Carlisle Cos. Inc. (NYSE:CSL) has acquired LHi Technology, a manufacturer of medical cable assemblies and related components, in a deal valued at $195 million. LHi, which has production facilities in Shenzhen, China, makes interconnection components primarily for medical equipment. Its annual sales exceed $100 million, Carlisle said in a news release Wednesday. Carlisle bought the company from international investment firm 3i Group plc. LHi operations will become pa ...
Source: Charlotte Business Journal   Full article at: Charlotte Business Journal
 

 
Update
8

3 hours ago

Steve Wynn: I'm 'more scared' about US than China

Oct 1 2014 11:50am CDT | Source: CNBC

Casino tycoon Steve Wynn says government crackdowns in Macau and protests in Hong Kong don ...
Source: CNBC   Full article at: CNBC
 

 
Update
7

6 hours ago

Steel firms cautious on price cuts

Oct 1 2014 8:52am CDT | Source: Business Standard

Even as JSW Steel announced cut in prices of flat and long steel products owing to heavy import of steel, mainly from China and slump in demand, other domestic primary steel producers have adopted a cautious move an ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

7 hours ago

Ford Continues To Outpace Industry-Wide Growth Rate In China

Oct 1 2014 7:40am CDT | Source: Forbes Real Time

A total of 15 new models will be introduced in China through 2015. In the same time frame, Ford’s annual production will also touch 1.2 million units, twice the level it was in 2012. In fact, Ford is so bullish on China that it expects 40% of the unit sales to come from the cou ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
4

8 hours ago

The Most Terrifying Sinkhole Pictures You've Ever Seen

Oct 1 2014 7:10am CDT | Source: Business Insider

Sinkholes are scarily common, and although some are small and harmless, others open gaping holes in the ground that could swallow entire buildings — or passing cars. Recently, a sinkhole that formed in the middle of a highway in Crimea killed six people traveling in a car that fell into the hole. Sinkholes occur when bedrock made of limestone or other carbonate rock is eaten away by acidic groundwater or a ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

9 hours ago

Labor practices at Jabil factory criticized

Oct 1 2014 5:39am CDT | Source: Tampa Bay Business Journal

A new investigation by a watchdog group alleges unsafe and unfair labor practices at a Jabil Circuit’s plant in China. According to the report by China Labor Watch, workers at the plant in Wuxi, China making covers for the new Apple iPhone 6 are made to work up to 77 hours per week, the Tampa Bay Times said. The group claims violations at the plant included workers made to pay “hiring fees,” inadequate safety training and falsified training documents. The same plant faced allegations of… ...
Source: Tampa Bay Business Journal   Full article at: Tampa Bay Business Journal
 

 
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2

12 hours ago

Hong Kong Protesters Brace for Test

Oct 1 2014 2:44am CDT | Source: WSJ.com: Asia Home

Pro-democracy rallies expanded to new parts of Hong Kong Wednesday, China's National Day, a holiday that looked set to increase the chan ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
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1

13 hours ago

Untimely Offer To Taiwan: What Was China's President Thinking?

Oct 1 2014 1:57am CDT | Source: Forbes Real Time

The timing was ominously weird. A day before tens of thousands took to the streets in Hong Kong to press for universal suffrage, an affront to Beijing’s more authoritarian rule, Chinese President Xi Jinping suggested that staunchly self-ruled, democratic Taiwan also join his country. Taiwan, of ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

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