Monthly Archives: May 2017

Belt and Road: International Concerns Remain

By Sarah Lain

Photo: Nicolas Asfouri/Reuters

Photo: Nicolas Asfouri/Reuters

An edited version of this article appeared in China Daily Europe, May 12 2017

At a time when the US is reducing its international development contributions, China has pledged additional billions to its multi-national Belt and Road Initiative (BRI). At the recent Belt and Road summit this included adding RMB 100 billion to the Silk Road Fund, as well as creating a China-Russia Regional Cooperation Development Investment Fund. However, some countries, such as those from the EU attending the summit, continue to have concerns over the way in which the project will be implemented.

One of the key concerns for many Belt and Road countries is the lack of detail around the feasibility and planning behind some of the projects the Belt and Road Initiative (BRI) is promoting. Some subsequently wonder whether the BRI could in fact create new risks for certain countries along the BRI. Beijing still need to explain how it assesses and mitigates the various risks prior to investing to ensure the sustainability of the foreign policy vision. This will help add reassurance to the ‘win-win’ rhetoric behind the BRI. Continue reading

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China: Understanding Beijing’s Belt and Road Initiative

By Raffaello Pantucci

china_barking_train_0

First published in RUSI, May 12, 2017

A great deal of rhetoric is expended over China’s gigantic investment initiatives. Still, many of the economic projects are real, and Western governments will be well advised to understand their purpose.

The Middle Kingdom is asserting its centrality in global affairs by hosting the Silk Road summit this weekend. Aimed at showcasing President Xi Jinping’s ‘Belt and Road’ vision, the conference will bring together leaders, officials and experts from around the world.

Apart from the signing of some large deals and some affirmations about China’s eagerness towards free trade, the summit’s real importance is in the message it sends about China’s place in the world.
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