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

11 Updates

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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16 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

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APEC finance ministers meeting in Beijing amid concerns over regional slowdown

Oct 21 2014 9:45pm CDT | Source: Canadian Business Online

BEIJING, China – Asia Pacific finance ministers are meeting in Beijing amid concerns over a slowdown in the regional economy highlighted by lower Chinese growth figures. Wednesday’s meeting of 21 ministers from Asia-Pacific Economic Cooperation economies is being chaired by China’s finance minister Lou Jiwei and comes weeks ahead of APEC’s leadership summit in Beijing. Participants, including those ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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Apple issues a warning for iCloud users amid reports of hacking effort in China

Oct 21 2014 9:30pm CDT | Source: Canadian Business Online

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China premier says taking time for reforms to gain traction

Oct 21 2014 9:15pm CDT | Source: Reuters India

BEIJING (Reuters) - It is still taking time for reform measures to gain traction, Chinese Premier Li Keqiang was quoted as saying by the ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
7

3 hours ago

Reforms taking time to gain traction: Chinese Premier

Oct 21 2014 9:15pm CDT | Source: Business Standard

It is still taking time for reform measures to gain traction, Chinese Premier Li Keqiang was quoted as sayi ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
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Apple issues security warning for iCloud

Oct 21 2014 8:51pm CDT | Source: Mercury News

Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China. ...
Source: Mercury News   Full article at: Mercury News
 

 
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Oct 21 2014 8:40pm CDT | Source: Reuters India

SINGAPORE (Reuters) - Gold was trading near its highest level since early September on Wednesday, supported by concerns over slower economic growth i ...
Source: Reuters India   Full article at: Reuters India
 

 
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Loyalty Boosts Apple In iPhone 6 China Debut

Oct 21 2014 7:24pm CDT | Source: Forbes Real Time

Nearly a month after their global launch, Apple’s latest iPhones are now formally on sale here in China. We’ll no doubt get flooded with numbers about initial sales in the next few days, some of which may be correct but many of which will probably be just guesses. One larger [ ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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8 hours ago

Top bullion consumer China works on first gold forwards, options

Oct 21 2014 4:20pm CDT | Source: Reuters India

SINGAPORE/SHANGHAI (Reuters) - The Shanghai Gold Exchange (SGE) is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London ...
Source: Reuters India   Full article at: Reuters India
 

 
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8 hours ago

Apple’s iCloud service suffers cyber-attack in China, putting passwords in peril

Oct 21 2014 3:56pm CDT | Source: The Washington Post

A sophisticated cyber-attack has targeted Apple’s iCloud service in China, in an apparent attempt to collect user names, passwords and other private information as the company releases its newest round of iPhones in the world’s most populous country. Read full article > ...
Source: The Washington Post   Full article at: The Washington Post
 

 

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