A closer look at the initiatives to create alternate global supply chains that are durable, resilient and less reliant on China.
As the government considers Beijing’s overtures, it should take steps to maximize the benefits of participating in China’s signature foreign-policy initiative.
Attention has shifted to market integration, commercial value-chain development, and global governance.
Beijing is now seeking to turn the tide in its favor through fresh narratives centering on China’s goodwill in providing public goods for international cooperation.
A look at how the Belt and Road has put China in a more influential and favorable position than its critics would allow.
The push-and-pull between China and the US is applying more and more pressure on ASEAN neutrality. Can ASEAN maintain its centrality?
Tehran and Beijing must tread carefully, given the numerous overlapping spheres of interest in a volatile area of the world, US pressure and the impact of Covid-19.
Central Asia has become an important arena of collaboration for Russia and China, with Moscow focusing on the region's security and Beijing promoting trade and commerce
China’s Belt and Road Initiative (BRI) is far more than an instrument of Chinese foreign economic and development policy, argues Mher D Sahakyan
The rapid expansion of China-Africa economic ties led to questions about a new colonialist dependency. While concerns about debt and oversight persist, the relationship has evolved. Johannesburg-based African business expert Dianna Games argues that it is up to African countries to build the capacity to deal effectively with Beijing.
Instead of lamenting China’s increasing global influence arising from its Belt and Road Initiative, European countries, especially Germany, should develop their own infrastructure program for emerging Asia-Pacific economies, Heribert Dieter, Associate Professor at Potsdam University and Senior Fellow at the German Institute for International and Security Affairs in Berlin, proposes.
China’s Belt and Road Initiative has been heralded as both the largest cooperative infrastructure programme in global history and an attempt by Beijing to achieve world domination. In reality, the opportunities and risks are more nuanced, writes George Abonyi, Senior Research Fellow and Visiting Professor, at the Sasin School of Management of Chulalongkorn University in Thailand.
China recognizes that poor governance and lack of transparency of Belt and Road Initiative projects could undermine its strategic interests in Southeast Asia. While Beijing will continue to build economic cooperation networks in the region, China’s interests could collide with those of other major powers, leading to geopolitical storms, which ASEAN member states will have to weather, argues Xue Gong of the S Rajaratnam School of International Studies (RSIS) at Nanyang Technological University (NTU) in Singapore.
This month, G20 leaders will endorse guiding principles for “quality infrastructure investment”, a priority for Japan. China’s support of these principles signals a willingness to address criticism of its Belt and Road Initiative. China and Japan, rivals in delivering high-speed rail, appear open to collaborating on projects that would meet high sustainability standards, writes Motoko Aizawa, President of the Observatory for Sustainable Infrastructure, who for 12 years headed the Policy and Standards Unit in the Environmental and Social Department of the International Finance Corporation (IFC).
China’s Belt and Road Initiative seems to focus on connections with Africa, Central Asia, and Eastern Europe. But the country’s economic future is really in “netware” technology, similar to America’s. Contrary to how BRI is viewed and talked about now, China’s more profitable path actually points, as illuminated by the likes of Alibaba and Tencent, eastward to California.
The continents-spanning Belt and Road Initiative may appear to be a leviathan, but a closer look at both it and China’s global quest for resources tells a more nuanced story. Even for the most authoritative of actors, situations don’t always work out as they do on paper.