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☆ China will support Pakistan in stabilising its financial situation - Xi
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 2 (Reuters) - China will continue to support Pakistan as it tries to stabilise its financial situation, state media quoted President Xi Jinping as saying on Wednesday, during a visit by Pakistan's prime minister to Beijing. Pakistan was expected to seek debt relief from China, particularly the rolling over of bilateral debt of around $23 billion. China has been involved in major mining and infrastructure projects in Pakistan, including the deep-water Gwadar port, all part of the $65 billion China-Pakistan Economic Corridor (CPEC). China will also export technology for a 160 km/h high-speed railway train to Pakistan, state broadcaster CCTV said on Wednesday. China welcomes Pakistan to expand high-quality agricultural exports to the country, and is willing to deepen cooperation in areas including the digital economy, e-commerce, photovoltaic and other new energy sources, Xi said.

☆ Pakistan's Sharif lands in Beijing to discuss economy, debt
▼ + stars: | 2022-11-01 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

Islamabad and Beijing are considered longtime close allies, and Sharif is also expected to discuss security issues while on his visit. On his two-day maiden visit to Beijing since taking office in April, Sharif will also seek some debt relief from China, in particular the rolling over of bilateral debt, an aide travelling with the prime minister told Reuters. Chinese loans - around $23 billion - make up the largest chunk of Pakistan's $27 billion of bilateral debt. Sharif will be one of the first leaders to meet President Xi since he secured a third term in power. Pakistan has indicated previously that it will seek bilateral debt relief to lessen its balance of payment problems, but it hasn't made any official announcement on whether it will formally ask Beijing for such help.

☆ Xi Jinping has silver linings for rest of world
▼ + stars: | 2022-10-17 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, Oct 17 (Reuters Breakingviews) - A third term for Xi Jinping would risk a cold war, or even a hot one. Until recently, most analysts agreed it was only a matter of time before China’s economy, which was three-quarters the size of America’s in dollar terms last year, became the world’s largest. Register now for FREE unlimited access to Reuters.com RegisterSTUCK IN SECONDBut China’s economy is running into all sorts of problems. But Beijing-based Dimitri De Boer, of the environmental organisation Client Earth, thinks that’s very unlikely because the target is binding and China’s president has positioned himself as an environmental champion. But Germany challenged Britain in World War I when its economy was still powering ahead, according to Allison.

☆ India's military relationship with Russia isn't going away — it'll 'endure for decades,' analyst says
▼ + stars: | 2022-09-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization leaders' summit in Samarkand on Sept. 16, 2022. Alexandr Demyanchuk | Afp | Getty ImagesIndian Prime Minister Narendra Modi may have publicly rebuked Russian President Vladimir Putin over the war in Ukraine, but the longstanding friendship between the two countries isn't going away, analysts said. Russian Foreign Minister Sergey Lavrov, for his part, claimed that Russia and India were "friends," a month after Ukraine was invaded. But despite India's apparent change in stance over the war, India still needs Russia, analysts told CNBC. "Russia remains India's most important [military] partner," he added.

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