China commits $45.6 billion for economic corridor with Pakistan

(Reuters) - The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday.

Asian banks top project finance deals in 2013

LONDON: Japanese and other Asian banks cemented their positions as the lead arrangers for project-financing deals last year while several big European banks continued to retreat from the business as they shrink their balance sheets.

China's Economic Expansionism

Throughout history, generals have tended to prepare for the next war by fighting the last one, failing to take into account the fact that circumstances seldom remain constant.

In this vein, a top U.S. defense official recently warned that China’s military buildup is “potentially destabilizing” in the Pacific. Michael Schiffer, the deputy assistant secretary of defense for East Asia, made this comment at a news briefing about a report, titled “Military and Security Developments Involving the People’s Republic of China 2011,” that is submitted every year to Congress. While Pentagon officials may be pre-occupied with China’s military expansion, I’ve never regarded China as a military threat, particularly when the country has another, peaceful way to extend its influence throughout the world — by using its cash!