By Raffaello Pantucci and Qingzhen Chen
First published in China Analysis, June 10 2015
Zhang Yunling, “Analysis says One Belt One Road Faces Five Challenges,” Xiaotang Caizhi, 23 March 2015.
Tang Yiru, “Where does the money come from for the One Belt One Road? Geopolitical risks cannot be ignored,” Guoji Jinrong Bao, 9 February 2015.
Hu Zhiyong, “How to understand the political risks of ‘One Belt One Road’”, Aisixiang, 2 March 2015.
Jia Qingguo, “A number of issues that the OBOR urgently needs to clarify and prove,” Aisixiang, 24 March 2015.
Ge Jianxiong, “The History of One Belt One Road is misunderstood,” Financial Times (Chinese version), 10 March 2015.
Pang Zhongying, “One of the resistances to the One Belt One Road is from India,” Aisixiang, 4 March 2015.
Chinese authorities – and authors – describe China’s “One Belt, One Road” (一带一路, yidai yilu, hereafter OBOR) strategy as one of the most important foreign policy initiatives in the twenty-first century, and Chinese authors agree. Across the country (and, increasingly, across the world), Chinese universities and research institutions are conducting projects to explore how the vision might be implemented. Meanwhile, China’s leadership is offering economic incentives to help make the vision a reality, either through bilateral connections or through the new constellation of multilateral international financial institutions that China is developing. However, the Chinese comments also reflect that the strategy will have to overcome many challenges. Is Chinese business ready to go global? Are the countries along the routes ready to embrace the initiative? How much does China know about the countries involved and about how they will be changed by Chinese investment? And is China properly prepared to implement this strategy?