China's one belt one road : an overview of the debate / Zhao Hong.

Format:

Book

Author/Creator:

Hong, Zhao, author.

Series:

Trends in Southeast Asia 2016 no. 6.

Trends in Southeast Asia ; 2016 no. 6

Language:

English

Subjects (All):

Trade routes--Eurasia.

Trade routes.

China--Foreign economic relations--Eurasia.

China.

Eurasia--Foreign economic relations--China.

Eurasia.

China--Commerce--Eurasia.

Eurasia--Commerce--China.

China--Commercial policy.

China--Economic policy.

Physical Description:

1 online resource (33 pages) : digital, PDF file(s).

Place of Publication:

Singapore : ISEAS-Yusof Ishak Institute, 2016.

Language Note:

In English.

Summary:

The debate over China's One Belt One Road (OBOR) initiative has been lively and at times heated, both in China and internationally. In many ways, this is a reflection of the vagueness of the concept, and of its exceptionality. OBOR does not prioritize trade and investment concessions, which makes it essentially different from traditional regional economic cooperation models such as FTAs, the TPP and the RCEP. Instead, it emphasizes regional infrastructure connectivity. After China proposed the initiative, countries within the New Silk Road Economic Belt, especially the five Central Asian countries, responded enthusiastically and positively, while Southeast and South Asian countries, on the other hand, expressed more concerns and reservations about the initiative. In response to these countries' concerns, China has tried to adjust its approaches to convince Southeast Asian countries that the OBOR initiative holds potential synergy with ASEAN's development strategies and can play a complementary role in the building of the ASEAN community. Beijing has also adjusted its India strategy. From previously "inviting" India to join OBOR, it is now stressing "strategy connectivity" and "policy coordination" between the two countries. Nevertheless, OBOR is viewed by some as an expression of China's grand ambitions to lead Asian economic growth, and by others as a grand strategy to build a "China-dominated Asia". While it may be mainly an economic and trade initiative, its broader consequences have a strong political and security dimension. Hence, China badly needs to cultivate political trust with neighbouring countries if it wishes to convince them that the initiative is a "public" strategy, and not a "conspiratorial" one.

Contents:

Frontmatter

FOREWORD

EXECUTIVE SUMMARY

INTRODUCTION

OBOR AS A CONCEPT, A NATIONAL STRATEGY

OBOR: THE BASIC SCHEME

MOTIVATIONS

DIFFERENT VIEWS IN CHINA

DIFFERENT RESPONSES FROM RELATED COUNTRIES

CHINA ADJUSTING ITS APPROACHES

CONCLUSION

Notes:

Title from publisher's bibliographic system (viewed on 21 Mar 2019).

ISBN:

9789814762366

9814762369

OCLC:

1096436784