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The Dollar Business Bureau China’s 2 day unveiling of the One Belt One Road initiative, saw 29 heads of state coming together to partake in the $900 bn investment initiative aimed at developing land and sea trade routes from China to Europe; there were two conspicuous absent nations from the meet, Japan and India. India in its statement reply to China’s invitation to the initiative said, “We are of firm belief that connectivity initiatives must be based on universally recognized international norms, good governance, rule of law, openness, transparency and equality... Connectivity projects must be pursued in a manner that respects sovereignty and territorial integrity. India’s reluctance is plain and open. The CPEC route threatens to violate India’s sovereignty as the project passes ...

PTI India boycotted China's high-profile Belt and Road Forum, taking its protest over a controversial economic corridor traversing through Pakistan- occupied Kashmir (PoK) to a new level despite Beijing's overtures to ensure New Delhi's participation. Following India's boycott, Pakistan Prime Minister Nawaz Sharif, taking a veiled swipe at New Delhi's move, said the multi-billion dollar China-Pakistan Economic Corridor (CPEC) was an economic project open to all the nations in the region and it "must not be politicised". No Indian official of any level was present at the elaborate opening ceremony attended by 29 heads of state and government along with top officials of the world bodies like the UN, the World Bank and the IMF. India skipped the ...

Source: PTI As China went ahead with its economic corridor project with Pakistan through PoK disregarding India's objections, a Chinese think tank in a rare criticism on Wednesday cautioned the government to exercise "prudence" in pushing Silk Road projects. In an article titled “China must tread lightly with its 'one belt, one road' initiative” in the South China Morning Post on Wednesday, Shi Yinhong, a professor of international relations and strategic studies at China's Renmin University specially referred to the Bangladesh-China-India-Myanmar Economic Corridor (BCIM), the China-Pakistan Economic Corridor (CPEC) and the Maritime Silk Road (MSR). “Above all, prudence is required in dealing with the problems that may arise during the initiative, as well as with regard to other strategic projects including ...

The Dollar Business Bureau   India, on Wednesday, expressed its stand on the US$ 46 billion Pakistan-China economic corridor and also stressed on the need to remove misperception in order to ensure cordial relations between India and Pakistan. A statement, in this regard, was made by the Indian High Commissioner to Pakistan T C A Raghavan, in his address at the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCC) meeting in Peshawar on Wednesday. “India is not worried over the US$ 46 billion Pakistan-China economic corridor, as an economically strong Pakistan will bring in regional stability,” said the Indian envoy in his address at the meeting, say the reports. Highlighting the need to restore mutual relations between India and ...