CHINESE UNENDING GREED FOR LAND , POWER , RESOURCES LEADING TO COLONISATION OF SMALL COUNTRIES BY MUSCLE & MONEY POWER
China believes in the theory of might is right ,which is not only unethical but unacceptable . All UNSC members need to ensure that the international rules , Law , Arbitration's , ultimately prevails & are followed in true sense.
China flaunted international law and rules many times by virtue of their might and even said , international tribunal arbitration decision on South china sea is nothing but piece of paper . Height of arrogance !
UNILATERAL ACTIONS TO SETTLE ANY DISPUTES IS HIGHLY CONDEMN ABLE , INCLUDING MARITIME CLAIMS.
China is fully engaged behind the screen i.e. by hook or crook , by luring , by giving easy huge loans or by developing infrastructures to realize its ultimate objectives . This ultimately leads to colonisation of neighbors in a very camouflaged way .
China's one belt one road is nothing but a real road map to achieve this objective.Under this concept CPEC is a master plan for deep Chinese penetration of Pakistan's economy. Pakistan has now become an sitting and lame duck in front of China .China has planned over USD 50 billion for this China-Pakistan Economic Corridor (CPEC) project .
However as per expert , CPEC is likely to damage more rather than to benefit the local economy, especially in the agricultural and industrial sectors besides disturbing ecological balance .
Chinese manufactured goods are relatively cheap & their export to other countries via the shorter route of Gwadar Port will further reduce import costs in markets specially in Pakistan .This will kill Pakistan's own industry . Cheaper, made-in-China goods, brought on trucks from China to Pakistan via the Karakoram Highway (KKH) have already begun to flood Pakistan`s domestic market. China is now controlling Pakistan's big market . Pakistan can not compete with China as the cost of production in Pakistan remains relatively high, due to the high costs of energy.
Pakistan`s export performance is continuously showing downwardly trend and shall be further affected because of CPEC . Now China is going to flood external market at Pakistan`s expense.
International Monetary Fund (IMF) has also warned Pakistan that while CPEC projects may generate a balance of payment outflows to the tune of USD 3.5 to 4.5 billion for Pakistan by 2024.This will considerably diminish CPEC benefits. It has been suggested that Pakistan must build up its foreign exchange reserves as the increase in Yuan (Chinese currency) inflows , will further increase Pakistan`s miserable trade deficit.
Another IMF report has says that in the absence of a robust energy distribution system, the increased power generation capacity through a loss-making distribution system could result in faster accumulation of circular debt and fiscal costs, as well as undermine the long-term financial sustainability of the new power projects.The efficiency of distribution network has to be improved quickly . But there is no plan for investment for improving distribution.
Another main pitfall for Pakistan is the way Chinese companies are likely to emerge as new monitor agency in Pakistan`s economy, specially in the agricultural sector.Pakistan`s national food security policy mentions the potential of enhancing the country`s agricultural exports to China through CPEC to achieve food sovereignty. All plans are more or less on papers for public opinion & consumption only without any strategy.
The Pakistan policy outlined an increased role for Chinese companies in facilitating exports of products from Pakistan to China, but whether the Pakistani producers will get a fair price.It is not clear as how this interaction between local producers and Chinese companies will benefit Pakistan.
When one considers in totality ,the proposed co-operation in agriculture, along with Chinese development of road, rail and energy projects in Pakistan, CPEC could have long term economic and political impacts and may turn out to be more of a liability than a golden opportunity for Islamabad.
In long run there is no benefit for Pakistan , It`s all about expanding China`s growth . Pakistan's sovereignty will be in danger .
The China-Pakistan Friendship Highway runs over 1,300 kilometres from the far western Chinese city of Kashgar through the world`s highest mountain pass and across the border. For China, the two-lane thoroughfare symbolizes a blossoming partnership, nourished with tens of billions of dollars of infrastructure investment. But it may benefit China more than Pakistan .
China says their friendship is as high as the Himalayas and as deep as sea , but sorry it has no heart .
The project CPEC is a crown jewel of China 's one belt one road ( OBOR ) initiative ,which is a massive global infrastructure project to revive the ancient Silk Road ,shall connect Chinese companies to the new markets around the world .
In 2013 Beijing and Islamabad signed agreements worth $46 billion to built transport and energy infra structures along the corridor.While both countries say the project is mutually beneficial but the data have a different story .Pakistan's export to China fell by almost eight percent in 2016 while imports jumped almost by 29 percent .Pakistan already accused China of flooding its market with cheap goods .
The ground reality is , if one buy from China it is easy and cheap , where as , it is costlier & troublesome to export goods to china . Because China protects its market !
A caution !
A caution !
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