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CPEC IS MYTH..There have been many rationals provided for CPEC.Pakistanis think that it would upend sea route and CPEC would become primary supplyroute for Chinese goods and thus when it is completed then "नालियों से डॉलर बहेंगे " In this post of info, First I demolishsome misconceptions that people may have about CPEC, and then ponder on why it is being built, and its ramifications.First misconception is that it would become a supply route to China by upending sea route for goods supplied to & from mid-eastIt is not so and I would try to prove it using approximations with data available from open sourcesDistance between Shanghai and Kashi = 5121 Km 5121 Km - Distance from Shanghai to KashgarDistance between Kashi and Gwadar = 2747 Km 2747 Km - Distance from Kashgar to GwadarAverage Trucking cost per Ton per Km in China = 5 cents. https://t.co/mKaV5OlVATAverage Trucking cost per Ton per Km in Pakistan = 1.8 cents. https://t.co/UcsI0karmQThese cost are from 2006-2002 data and would have become 6 cents for China and 3 cents for Pakistan,just by taking inflationinto account.This is the most conservative calculation as I am not taking into account Hazard premium that nature of Terrain imposeson Pakistan.(Karakoram Highway is rated world's fourth most dangerous highway in the world) World's 10 dangerous roadsand Hazard premium that China has to pay for transporting good through Takla Makan Desert,Kulun Shan mountains range,& Altai Shan mountain range.But still let us calculate cost of transporting a Tonn of good from Shanghai to Gwadar.Cost incurred in Chinese territory = 0.06 X 5121 = $307Cost incurred in Pakistani territory = 0.03 X 2747 = $82.41So total cost from Shanghai to Gwadar for a tonn of goods= $389.41Now let destination port be Dubai. Cost of Transporting Dubai to Shanghai = $820 per TEU https://t.co/PlkWJuyieySince standard 1 TEU= 21,600 Kg : Cost of Transporting 1 Ton via sea from Dubai to Shanghai = $38 Twenty-foot equivalent unitCost from Karachi to Dubai for 1 TEU = $125(rate for Gwadar are not available as port is not operational) BusinessDubai.com - BizneedsCost of Transporting 1 Ton from Karachi to Dubai = $5.787Total cost of Shipping a Ton from Shanghai to Dubai via Gwadar = $395while Total cost of Shipping directly from Dubai to Shangahi = $38 which is 10.4 times less than that of Transporting via Gwadar.And this is not all. CPEC passes through Khunjareb Pass which remain open only from May 1 to December 31. Karakoram HighwayOnly a fool would believe that it is a main route to anywhere.Second misconception: China is constructing a pipeline from Gwadar to Nawabshah. It has lead to Pakistanis speculatingthat Gwadar is on path of becoming an energy .It is not. ReasonsIf one look at the map properly, China borders Gas and Oil rich Central Asia and has three mega pipelinesrunning from Central Asia to China,including world's longest pipeline.Of anything that China needs, the least thing that China needsin East Turkmenistan is http://Energy.It could get ample amount of it just from across the border,some 100's of Km away.3rd misconceptionabout CPEC is that it could save time.This again is false.Let’s assume the best possible conditions for a truck.ATruck would not stopanywhere(No rest for drivers, no checkpoints, no fuel or repair break) and assume that a Truck runs 24 Hours at 30Kmph , and I amneglecting time it would be needed to transfer goods in Gwadar. Time required for Travel = 262 Hours = 11 Days.Time required for transport of a container from Dubai to Karachi = 5 days BusinessDubai.com - BizneedsTotal time required for overland transport when drivers and port handlers are superman = 16 days.Time required to transport a container from Dubai to Shanghai via sea = 15 Days. Calculating Container Shipping TimeThis was an outlier calculation.Let's be realistic. Assume that a driver drives for 12 hour per day,it would take and on average take a day extra to go through customs and refuelling stop.It would take him 91.57 hours to reach Kashi, which would be equal to 7.7 days or 8.7 days taking pit stops into account.That Truck would take 170 Hours to reach Shanghai from Kashi. ie 14 days of driving and assuming two days for pit stops, 16 days.We assume that Gwadar is as efficient as that of Karachi,it would take 6 days to clear import http://formalities.https://t.co/qewM5AN63BThus the total time it would need to transport goods from Dubai to Shanghai via Gwadar would be 36 days compared to 15 daysit would take to reach Dubai from Shanghai via Malacca.Fourth misconception is that CPEC could serve western China. There are two follies to this argumentfirst being that western China is sparsely populated & second being that other seaports are closer to those provincesFollowing provinces are close to CPEC 1. East Turkmenistan: Area 1664900 Sq Km; Pop 22.09 million 2. Qinghai: Area 720,000 Sq km;Pop 5.58 million 3. Gansu : Area 425,800 Sq Km; Pop 25.64 million 4. Inner Mongolia: Area 1183,000Sq Km;Pop 24.82 million 5. Tibet: Area 1228400 Sq Km; Pop 3.145 millionTotal area of these provinces = 5222100 Sq km. This is 54% of Total area of China , and an area 6.6 times that of Pakistan;while its population is just 81 million which is 6% of Chines population and less than half (0.44 times) of Pakistani population.This is the extent of how sparsely populated Western part of China is.Pakistan share border with Takla Makan desert of China.A Highway & Economic corridors brings prosperity when Economic depression of a region is due to that region being cut off from restof http://country.In this case,underdevelopment is due to geographical factors, not due to infrastructure factors.Deserts, cold arid Plateaus, and mountains reduce your Economic potential (unless you harness them for tourism like Switzerland).Now we come to aspect of distance between West Chinese cities and nearest seaportsCPEC is not airdropping in Western Qinghai so that it would have same effect on all of Western China;it is joining China in North-West corner of China ie Western corner of East Turkmenistan (no 10). The only provinces that it couldaffect are no 10 (East Turkmenistan).and its neighbours no9 (Tibet) ,no 8 (Qinghai) , no 7 (Gansu) in Western China, and no 4(Inner Mongolia) in Northern China.Many people would find it difficult to fathom that some provinces(mostly in West China)are manytimes larger than even Pak itself.East Turkmenistan is 2.1 times larger,Tibet is 1.54 times larger,Inner Mongolia 1.48 times largerQinghai equal to Pakistan, and Gansu half of Pakistan. Eastern part of Western China is further away from Pakistanthat even Europe. For example capital of Shaanxi (Taiyuan) is as far away from Islamabad by air (3559 Km) as Ankara (3600 Km)CPECcould not be used by people separated by 2 provinces from pakistan.it is a non starter.But let’s present facts stillNo 3 (Shaanxi), Capital (Taiyuan). Distance of capital from Islamabad = 4904.3 Km.Distance of capital from nearestChinese seaport (Tianjin)=943 Km.Distance of capital from Gwadar = 6644 Km.No 6 (Ningxia), Capital(Yinchuan).Distance of capital from Islamabad = 4337 Km.Distance of capitalfrom nearest Chinese seaport (Tianjin)= 1200 Km.Distance of capital from Gwadar = 6077 Km.No 1 (Chongquing) , No capital.Distance of Chongquibg from Islamabad = 5069 Km.Distance of Chongquing fromnearest Chinese seaport = 0 Km. After construction of Three Gorges Dam, barring largest cargo Ship,Ocean going shipscould sail upto Chongquing.But still distance between Chongquing and Shanghai is 1689 Km.Distance of Chongquing from Gwadar = 6843 Kmno 4 (Guzihou) , capital (gulyang).Distance of capital from Islamabad = 5459 Km.Distance of capital from nearest Chineseseaport (Beihai) = 796 Km.Distance of capital from Gwadar = 7199 KmNo 5 (Yunnan) , capital (Kuming).Distance of capital from Islamabad = 5859 Km.Distance of capital from nearest Chineseseaport (Beihai) = 1024 Km.Distance of capital from Gwadar = 7635 Km.No 2 (Sichuan) , capital (Chengdu).Distance of capital from Islamabad = 4976 Km.Distance of capital from nearest Chineseseaport (Chongquing) = 326 Km and (Shanghai) = 1968 Km. Distance of capital from Gwadar = 6716 KmAll these Western provinces that Pakis dream Gwadar would serve are farther away from Gwadar than Western Europeis from Pakistan by Road. Distance between Islamabad and Berlin by road is 6353 Km , and of Paris is 7300 Kmnearly of the order of distance of Gwadar from any of Eastern provinces of Western China.Anyway China does not even intend to use Gwadar for these http://provinces.It already has a corridor via Myanmaar (Yunnan) for redundancy.Now we come to final dream of CPEC:That it would develop far west of China ie East TurkmenistanThese are again मुंगेरीलाल के हसीन सपने reasonsThe reason that East Turkmenistan is not developed is because most of it is covered with Takla Makan desert(Desert Pakistan border)Tien Shan range Inner Mongolia is not developed because most of it is coveredwith Gobi desert.Quinghai is not developed because most of its is mountainous with Kulun, Altun& Bayan Har shan mountain ranges.Gansu is not developed because its area is covered with Gobi desert and Quilian Shan mountain range.Tibet is notdeveloped because it is a barren cold plateau.These places have a low population density because of geographical limitations. Desert and Mountains never support high population,and this is a basic economic rule that low population areas never have high growth potential (because of less number ofproducers and consumers).Barring discovery of oil,Desert remains civilization backwater,irrespective of how many road you build sincetheir population supporting capacity is limited by some very basic factors, FOOD and WATER. Even if you transport foodat great cost in this area, you would still have no water to support a large settlement.Now that we have put some misconceptions regarding CPEC out of way, we ponder on reasons why China is financing CPECFirst reason is that China is building an alternative trade route in case Malacca and Sunda straits areblocked by USN or IN during war. You need to go through either Malacca,Sunda,or Lombok strait, if youwant to travel from Pacific to Indian oceans and does not want to swing around PNG or Australia Special Report: Can China overcome the Malacca Dilemma through OBOR and CPEC? | GRICPEC provide China with alternative route,in case its sea trade is shut down by navies dominating Indian OceanSecond reason for CPEC/OBOR is that China has excess capacity in Cement and Steel which it could not dump in marketas most countries have started imposing countervailing duties on Chinese dumping. New Projects Banned In Steel, Cement And AluminumChina is dumping its excess Steel and Cement capacity in OBOR,which recipient countries have to payThird is strategic reason.China is trying to bind Asian countries to itself by investing in their infrastructure, investment thatcarry a steep rate of return,thus indebting them to China. This is not limited to Pakis as even Sri Lanka is $50Bn debtdue to politically motivated Chinese investment in Hambantota done during Rajpaksa’s time,which it is finding difficult to dischargeFourth, China is getting a sweet deal from Pakistanis for CPEC.Chinese bank provide loans for CPEC,which isconstructed using Chinese cement ,steel,and manpower thus effectively returning that money back to The cost of CPECChinese economy.Pak pays 2-5% int rate above Libor, (109/121)has taken sovereign guarantee for 18% RoR. The fine print on the CPEC portfolio - The Express TribunePakistan would be paying China $90Billion on a loan of $50 Billion Pakistan will be paying China $90b against CPEC-related projects - The Express Tribune and that too whenit has limited avenues to make money from CPEC,while dumping of Chinese goods would kill Pak industry Sighting landIt also has to pay for ancillary expenditure like security from its pocket Hidden costs of CPECSo why is both Pakistan and China going ahead with CPEC?From Chinese perspective, it is simple. It knows that Pakistan would not be able to pay its loanand eventually it would come to own infra/land inside pakistan.it is classical neo-colonialism Birth of another dependencyMake a country so indebted to you that it could not help but sell itself to you.Pakistan would become a puppet of China completelyTo this effect,China is also making Pakistan drive out any alternative creditors Pakistan refuses ADB loan for railway as China becomes sole financierso that it does not have a competition in colonizing Pakistan.Pakistan,on its part,is desperate for any investment,on whichever termit comes,its Military is getting a share,its people have a hopethat CPEC would bring prosperity,and it also believe that if Chinaown majority of assets in Pakistan,it would interfere in Indo-Pak was to save its assets.Typical slave mentality of Pakistanis.Thanks for reading

Imagine a cooperative India in a project like OBOR. China can connect Tibet with Bay of Bengal via India and Bangladesh, or with Arabian sea via Nepal and India. India is a much more stable, less extremist, more secure, not-so-easy to buckle under US pressure version of Pakistan and a market of 1.3bn people. Having a backer like that in a project like OBOR would be a big win for China. There is huge value of Indian participation in OBOR, not only from Chinese perspective, but also from Indian perspective as well . India is one of few nation who can afford to take much less Chinese loan, with more favorable loan terms. India can employ its own companies and own manpower unlike the contract many countries have signed with China where majority of work went to Chinese companies.But, I think the Chinese were/are in hurry to solve their Strait of Mallacca problem. Nearly 80% of Chinese trade happen through this Strait and it is easy of any power to disrupt that trade and/or make it sufficiently dangerous during any conflict. Rather than wait to bring India on board or consider alternate route through India, China got the failsafe in first - CPEC through Pakistani Kashmir, an area which India claims but Pakistan controls. CPEC is part of OBOR which China wants India to join[1][1][1][1]. Pakistan goes one step ahead of China, element within Pakistani army wants India to join CPEC[2][2][2][2].Unlike SCO or AIIB, why India refuses to join OBOR? It is because of CPEC. If India joins OBOR, of which CPEC is a part, it thinks this will give legitimacy to Pakistani control of Pakistani Kashmir. Would any nation welcome a third nation make a deal with second nation and invest in a disputed territory? Forget investment, sometimes even a phone call with leaders of disputed territory triggers diplomatic event[3][3][3][3] as when China did when Trump called Taiwanese leaders. Would China agree if a country or a group of country attempts to invest in territory it claims? Recall in 2009 China blocked an ADB loan to India that was meant to fund projects in Arunachal[4][4][4][4]. What would happen if India secure a loan from USA or Japan to do major infrastructure in Arunachal, invite US engineers and security attachments to consult and work on the project and then to rub salt on wound, invite China to join it?So what is stopping China? Nothing. The project is well underway and India can’t do anything to change this. The alternate route through Tajikstan and into Pakistan will increase the route length and would not be so economical. While India might join that, Pakistan may back out.While India and China have issues regarding OBOR, all of them are solvable and solution would benefit both parties. For example, to remove the only blocker i.e. CPEC - I really hope India accepts the offer from China and Pakistan and goes one step further - strike a deal with China to construct a road from Pakistan Kashmir to Indian Kashmir and to Arabian sea via Gujrat. It will be interesting to see how Pakistan will respond to that.The current territorial problems in South Asia - it’s going to be solved via war that may go nuclear (where everyone looses), or by diplomacy. But diplomacy requires all party to bury their ego and accept meaningful compromises. Leadership in all three nation should initiate educating their citizens about the need to compromise. India should give up its claim on Aksai Chin in return of reciprocal withdrawal of Chinese claim on Arunachal. India should ignore US pressure and stop acknowledging the “Government in exile” status of Dalai Lama and only give him religious leader of Tibetan Buddhism status. Pakistan should stop presenting the facade of Kashmiri independence and freedom fighter/good terrorists (we saw how independent Pakistani Kashmir is - it’s a part of Pakistan) and give up its claim for Indian Kashmir which is really what it is. In return, India should give up its claim on Pakistani Kashmir. Let Kashmir on both sides enjoy semi-autonomy within both countries and see if they survive without aid. Result? Status Quo with no gain or loss of territory of all three countries. Then Asia will be talking.Edit: In response to the comment that China needs “help” from India in funding OBOR and share burden of risky investment, I would say it’s not the case. China can very much fund this alone and would very much continue to do this alone.The whole business model of OBOR with respect to investment starved countries (like Pakistan and Montenegro) is to minimize chance of failure and maximize profit by internalizing the profit. This is done by ensuring most of the contracts and money goes to Chinese companies and contractors. So it’s like giving a self-loan whose interest and principal is paid by someone else. Most of the money invested therefore goes back into coffers of Chinese companies. If the project pays off, well and good, otherwise there is a collateral negotiated as seen when Sri Lanka had to lease a port to China for 99 years. It’s a win-win strategy that a) creates cash flow in the short term, b) creates economic activity, c) does not create Chinese Government debt, d) make nations debtors. Basically the same ploy IMF and World Bank applies.In this regard, India would be a bad customer for China, one that can bargain hard. The only reason China would want India to join OBOR is not profit oriented, but long term strategic and stability. It does not expect India to join because of CPEC, but still made a gesture because it can and it should. What’s wrong with trying?Footnotes[1] China invites India to join One-Belt-One-Road project[1] China invites India to join One-Belt-One-Road project[1] China invites India to join One-Belt-One-Road project[1] China invites India to join One-Belt-One-Road project[2] Lt Gen Aamir invites India to join CPEC | The Express Tribune[2] Lt Gen Aamir invites India to join CPEC | The Express Tribune[2] Lt Gen Aamir invites India to join CPEC | The Express Tribune[2] Lt Gen Aamir invites India to join CPEC | The Express Tribune[3] China just lodged its first diplomatic protest against Donald Trump[3] China just lodged its first diplomatic protest against Donald Trump[3] China just lodged its first diplomatic protest against Donald Trump[3] China just lodged its first diplomatic protest against Donald Trump[4] China blasts ADB approval for Arunachal loan: Report | StratPost[4] China blasts ADB approval for Arunachal loan: Report | StratPost[4] China blasts ADB approval for Arunachal loan: Report | StratPost[4] China blasts ADB approval for Arunachal loan: Report | StratPost

State Bank of Mysore NSE:MYSOREBANKState Bank of Mysore is an associate of State Bank of India. The Bank has a network of 641 branches, as of March 31, 2006, and 20 extension counters spread all over India, which includes six specialized small scale industry branches, four industrial finance branches, three corporate accounts branches, 10 agricultural development branches, three treasury branches, one asset recovery branch and seven service branches, offering a range of services to the customers. It offers deposits, advances and non-resident Indian servicesState Bank of Travancore NSE:SBTState Bank of Travancore (SBT) is an associate of the State Bank of India and a member of the State Bank Group, a banking group based in India. As of March 2006, it had a network of 690 branches spanning 16 states of the country.The services offered by SBT include Internet banking, e-payments, utility bill payments, fee payments and e-rail, among others.The Bank participates in meeting need-based requirements of small-scale industry (SSI), agriculture and small business.More than 40% of its net credit is to the priority sectors. The Bank caters to the needs of farmers through its rural and semi-urban branches.It has setup specialized Agricultural Development Branches (ADB) dedicated to agricultural advances. The Bank also encourages allied activities, such as dairy, poultry, piggery, fishery and horticulture.Kotak Mahindra Bank Ltd NSE:KOTAKBANKKotak Mahindra Bank Limited is a commercial bank. The Commercial Banking segment includes money market, forex market, derivatives and investments&; wholesale borrowings and lendings and services&; retail borrowings covering savings and current accounts and banking branch network and services, and commercial vehicle finance, personal loans, home loans, agriculture finance and other loans/services.Corporate Centre segment includes strategic investment and activities. Car Finance segment offers car financing.Broking segment includes brokerage related to secondary market transactions, services rendered in connection with primary market subscription mobilization.Investment Banking segment includes advisory and transactional services providing financial advisory services.Trading/Principal Investments segment includes dealing in debt, equity, money market and loans/deposits. Insurance segment offers life insurance. Others segment includes forex broking, asset management services and others.