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not a big problem for Beijing, according to China expert Tsang, as they served to remind Islamabad of China’s importance as an ally.
But the escalation this week has put Beijing in an awkward position.
”They have to do something to show that they are helping to keep thi
ngs under control, while not appearing unreliable as Pakistan’s ally,” Tsang said.
But Beijing doesn’t want to overplay its support of Pakistan and push India into the arms of US President Donald Trump.
Compounding China’s problems is the fact India claims it was striking back against terrorists in Kashmir.
The mass detention of Muslim majority Uyghurs in China’s north western provinc
e of Xinjiang by the Chinese government is one of Beijing’s most controversial international policies — and
justified by China’s government on the grounds that it is an essential measure in combating terrorism.
”They don’t want to be too hard on India, because they’re acting in response to terrorism,” Tsang said.
China experts said the country’s best option was to join the US in working to defuse tensions between Pakistan and India.
Han Hua, professor and South Asia studies expert at Peking University, said given China h
as greater influence in Pakistan, while the US holds more sway in India, it made sense for the two to cooperate.
”China’s message is clear to both sides: exercise restraint,” she said. “China’s interest lies in the stability of South Asia.”
ing act in South Asia in the past year, after easing some regional tensions.
In July 2017, for example, there was a heated month-long territorial standoff between Chinese and Indian troops in Doklam, near the borders of India, China and Bhutan.
The two powers nearly came to blows over accusations the Chinese gov
ernment was building a road inside the territory of close Indian ally Bhutan.
Nearby, China also conducted live-fire drills with combat troops.
But a warm, informal summit between Chinese President Xi Jinping and Indian Pri
me Minister Narendra Modi in April 2018 helped put relations back on a positive track.
”The common interests of China and India far outweigh
their differences,” state-run newspaper China Daily said in an editorial at the time.
The situation is much clearer for China across the border. Pakistan is a longtime f
riend and trading partner of Beijing, described by Chin
ese diplomats as enjoying an “all-weather friendship” with the country.
Pakistan is also one of the largest buyers of Beijing’s weapons. Between 2008 and
2017, Islamabad purchased more than $6 billion of Chinese arms, according to think tank CSIS.
It hasn’t all been easy sailing, however. Questions have been raised about the
large debts Pakistan has accrued as a result of Chinese government loans and infrastructure.
But Pakistan Prime Minister Imran Khan has been determined to keep the special rela
tionship with Beijing strong. “We need to use China as an inspiration to lift our people out of poverty,” he said.
of the sector with a focus on improving financial services and forestalling financial risks.
Opening-up of China’s financial factor has sped up, as the country re
moved foreign ownership caps of banks and financial asset management firms last year.
Richard Turnill, global chief investment strategist of BlackRock, an American global investment man
agement corporation, is also positive on China’s stocks market, according to the Barron’s report.
Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti
mulate its economy are also helpful to a bullish stock market.
However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b
rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.
Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo
under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
national security, and peace in Northern Ireland would be compromised in the case of a no-d
eal Brexit, and added the scenario would risk inflaming the nationalist sentiment in Scotland.
”Far from Brexit resulting in a newly independent United Kingdom, stepping boldly into t
he wider world, crashing out on March 29 would see us poorer, less secure and potentially splitting up,” they write.
Rudd, Clark and Gauke also cautioned members of the European Research Gro
up (ERG), a Parliamentary alliance whose members advocate for a no-deal Brexit and have previously voted do
wn May’s deal, that their lack of cooperation would be responsible for a postponement in the Brexit process.
”It is time that many of our Conservative parliamentary colleagues in the ERG recognized that Parliament will stop a disastrous No Deal Brexit on Mar
ch 29. If that happens, they will have no one to blame but themselves for delaying Brexit,” they wrote.
voters have spent in line to cast their ballots in the crucial election.
The incumbent, Muhammadu Buhari, 76, is running against 71 other ca
ndidates, but his main challenger is Atiku Abubakar, a 72-year-old business tycoo
n and former vice president. They are both Muslim candidates from the north of the country.
When Buhari, a former military ruler, was elected in 2015, it wa
s the first peaceful transition of power in Nigeria. He promised to offer a clean sweep of the old
routine, but many have been left disillusioned and angry at the rising levels of inequality and extreme poverty.
More than 84 million people registered for the vote in Africa’s largest economic p
ower, according to data from the Independent National Electoral Commission.
Videos have surfaced on social media reportedly showing the burni
ng of ballot papers and disruption of the electoral process in various parts of the country.