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China pledges $124bn for Silk Road, terms it 'project of the century'


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Serious ramifications
by on May 14, 2017 10:38 PM

By hosting this global summit which was attended by delegations of nearly 80 countries, including UN, IMF,WB,ADB,AIIB,BRICS etc. officials,has indirectly got the seal of approval of international bodies on the execution being carried out under BRI, and this includes CPEC project. This is going to seriously affect India's future stand on POK, Gilgit, Baltitstan, thus it would have been better had India attended the forum, and raised these points in the forum, which would have drawn international attention. By staying away India has allowed China and Pakistan to get away with murder in a global forum.

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piri
Bhadrakumar continues :
by piri on May 14, 2017 10:06 PM

All in all, Modi government’s China policies are turning out to be very short-sighted and based on vanities and prejudices carried forward from another era that are hopelessly unsustainable today. It was possible to have rationally analysed that the Belt and Road Forum in Beijing will turn out to be a seminal event in global politics. But Modi decided to boycott it. The sad part is the sophistry in the Indian argument. The plain truth is that in the emerging scenario in J&K, India should be more than satisfied with a solution to the Kashmir problem without having to redraw territorial boundaries and which would somehow legitimise the Line of Control as the international border.

Indira Gandhi knew this home truth; Rajiv Gandhi knew it; Narasimha Rao knew it; AB Vajpayee most certainly knew it. But Modi somehow doesn’t get it. The Modi government dreams up that all of Greater Kashmir stretching up to Wakhan Corridor belongs to India. A foreign policy based on such poppycock does not serve the country’s interests. The Modi government lends money to Vietnam to buy patrol boats to stand up to China, while President Tran Dai Quang attends the OBOR event in Beijing and is feted by President Xi.The international community will only regard our leaders as a frivolous lot with a provincial mind. Read the candid essay by Prem Shankar Jha on what OBOR could have been and should have been for India’s development agenda.

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piri
Bhadrakumar continues :
by piri on May 14, 2017 10:06 PM

All in all, Modi government’s China policies are turning out to be very short-sighted and based on vanities and prejudices carried forward from another era that are hopelessly unsustainable today. It was possible to have rationally analysed that the Belt and Road Forum in Beijing will turn out to be a seminal event in global politics. But Modi decided to boycott it. The sad part is the sophistry in the Indian argument. The plain truth is that in the emerging scenario in J&K, India should be more than satisfied with a solution to the Kashmir problem without having to redraw territorial boundaries and which would somehow legitimise the Line of Control as the international border.

Indira Gandhi knew this home truth; Rajiv Gandhi knew it; Narasimha Rao knew it; AB Vajpayee most certainly knew it. But Modi somehow doesn’t get it. The Modi government dreams up that all of Greater Kashmir stretching up to Wakhan Corridor belongs to India. A foreign policy based on such poppycock does not serve the country’s interests. The Modi government lends money to Vietnam to buy patrol boats to stand up to China, while President Tran Dai Quang attends the OBOR event in Beijing and is feted by President Xi.The international community will only regard our leaders as a frivolous lot with a provincial mind. Read the candid essay by Prem Shankar Jha on what OBOR could have been and should have been for India’s development agenda.

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piri
Bhadrakumar continues :
by piri on May 14, 2017 10:04 PM

All in all, Modi government’s China policies are turning out to be very short-sighted and based on vanities and prejudices carried forward from another era that are hopelessly unsustainable today. It was possible to have rationally analysed that the Belt and Road Forum in Beijing will turn out to be a seminal event in global politics. But Modi decided to boycott it. The sad part is the sophistry in the Indian argument. The plain truth is that in the emerging scenario in J&K, India should be more than satisfied with a solution to the Kashmir problem without having to redraw territorial boundaries and which would somehow legitimise the Line of Control as the international border.

Indira Gandhi knew this home truth; Rajiv Gandhi knew it; Narasimha Rao knew it; AB Vajpayee most certainly knew it. But Modi somehow doesn’t get it. The Modi government dreams up that all of Greater Kashmir stretching up to Wakhan Corridor belongs to India. A foreign policy based on such poppycock does not serve the country’s interests. The Modi government lends money to Vietnam to buy patrol boats to stand up to China, while President Tran Dai Quang attends the OBOR event in Beijing and is feted by President Xi.The international community will only regard our leaders as a frivolous lot with a provincial mind. Read the candid essay by Prem Shankar Jha on what OBOR could have been and should have been for India’s development agenda.

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piri
From M K Bhadrakumar, long time ambassador in central Asia and
by piri on May 14, 2017 09:50 PM  | Hide replies

considered an expert on Pakistan, China and Central Asia by the external affairs ministry :

Beijing, which went the extra league in recent months to convince India that the latter’s concerns over sovereignty relating to the CPEC are unwarranted, has apparently given up and decided to simply ignore Delhi’s protestations and proceed with the CPEC projects in a big way in Gilgit-Baltistan. It is a political and diplomatic snub by China, conveying a frank message to the Modi government to “get lost”.

The Modi government is now left with an option to carry on regardless along the path of confrontation and rivalry with China, or, alternatively, to see the writing on the wall and get adjusted to the fait accompli with a sense of stoicism and sense of modesty. The latter course is not easy since the “core constituency” of the BJP will mutiny and the RSS will rap on the government’s knuckles. However, China seems to estimate that it is in India’s DNA that sooner rather than later, it will feel the intensity of regional (and global) isolation – especially now that all of India’s neighbours, including Nepal, have joined the OBOR – and make atonement.

Meanwhile, the announcement in Washington on Thursday that President Donald Trump has nominated his special assistant and the point person on Asia in the National Security Council Matt Pottinger to represent him at the weekend event in Beijing must come as a shock to

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piri
Re: From M K Bhadrakumar, long time ambassador in central Asia an
by piri on May 14, 2017 09:52 PM
the Indian foreign-policy elites. The US-China détente that is unfolding under Trump’s stewardship makes complete nonsense of Modi government’s China policies that are tied to the apron strings of the Obama administration’s pivot strategy in Asia. The US and China made a joint announcement on Thursday regarding the first tranche of policy decisions on trade issues envisaged under the so-called Initial Actions of the U.S.-China Economic Cooperation 100-Day Plan that was agreed upon by Trump and President Xi Jinping at their Mar-a-Lago meeting in Florida in April.

The US Commerce Department announced on Thursday that Washington “recognizes the importance” of China-proposed Belt and Road Initiative and is therefore deputing a delegation to attend the forum in Beijing. It cannot be lost on the Trump administration that OBOR is shaping up as a new vector of globalization and the US will be the loser if it stays out of the new supply chain. Ning Jizhe, China’s vice-minister of the National Development and Reform Commission said in Beijing on Saturday, “Chinese outbound investment is forecast to total $600 billion to $800 billion over the next five years, a fairly large proportion of which will go into markets related to the Belt and Road Initiative.” This compares with the $60 billion China has so far invested in OBOR projects.


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DUTTAGUPTA SANJOY
INDIA'S DECISION NOT TO PARTICIPATE IS RIGHTLY CALCULATIVE
by DUTTAGUPTA SANJOY on May 14, 2017 09:36 PM

How such road transport will be economically viable through the difficult terrain of the route than the shipping route, is not understandable. It will benefit China to a maximum extent than others as it seems investments will bring their men to mass employment and access in other countries. India has done right by not participating in the project. Import restrictions in steel sector, benefits we are seeing in already.

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blue leaf
Fk it - From India
by blue leaf on May 14, 2017 08:11 PM  | Hide replies

How can you build a road through a disputed territory and call it project of the century. Project of the century is India. It will raise and reclaim its lost glory, showing a new way of life to the entire world.

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piri
Re: Fk it - From India
by piri on May 14, 2017 09:03 PM
As of now, India and Indians are best known abroad for open defecation !

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