How China’s Billions Are Modernising Pakistan’s Railways – And Quickly

How China’s Billions Are Modernising Pakistan’s Railways – And Quickly
Beijing is set to upgrade a 1,163-miles track from Karachi to Peshawar near the Afghan border with an $8 billion loan to Pakistan.

NDTV

Just a pledge from China to help upgrade Pakistan’s train network has prompted authorities in the South Asian nation to overhaul its colonial-era rail infrastructure.

For software businessman Farrukh Malik, the change was palpable. As he clambered aboard the 22-hour express service from coastal Karachi to the northern capital, Islamabad, Malik, 40, said he’d been a passenger on the line since he was a child. “The introduction of trains like Green Line which has lesser stops and runs strictly as per schedule is a great difference,”‘ he said as the train whistled to announce its 10 p.m. scheduled departure.

Beijing is set to upgrade a 1,163-miles track from Karachi to Peshawar near the Afghan border with an $8 billion loan to Pakistan. It’s part of Chinese President Xi Jinping’s Belt and Road trade initiative, which includes $60 billion of badly-needed works financed in Pakistan.

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China’s Offshore Equity Giants Barely Sell Anything to the U.S.

China’s Offshore Equity Giants Barely Sell Anything to the U.S.
Bloomberg Markets
A closer look at some of China’s biggest companies may help explain why investors have largely taken Donald Trump’s tariff threats in their stride.

Members of the MSCI China Index depend on the U.S. for just 5 percent of their sales, Citigroup Inc. strategists led by Robert Buckland wrote in a March 15 note. By comparison, North America accounts for about 22 percent of revenue for British firms, 17 percent for those based in the euro area and 15 percent for Japanese companies, according to the note.
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