The growth of china has been remarkable since it undertook reforms in 1978 and china is currently the world second largest economy in the world having overtaken Japan. To continue its dominance in the economic front the concept of the silk road was proposed. The renewed initiative of china government to face the new challenges that arises during the development of the new economic power like India and Japan taking its position again. The official document titled VISION and MISSION on this project in 21stCentury says that project aims to build an open inclusive and balanced regional cooperation with ideology that benefits to all country involved in the initiative .For achieving its objective a new silk road economic belt will link china to Europe that puts through mountains region in Central Asia and the maritime silk that links china port facility with African coast and Suez canal much of china’s logic on this particular project is based on geo politics and therefore Chinese President Xi Jinping has made the project both his foreign investment policy and national policy. Chinese belt and road initiative is a multifaceted economic diplomatic and geographical undertaking that has morphed through various nations. What china gets from BRI, these projects are likely to increase Chinese economic and political stability. This initiative by the Chinese government is very helpful in connectivity, economic stability and development among the participating countries. Also uniting the world as per the Hindu quote “VASUDEV KUTUMB”. Furthermore, it will promote trade and commerce which in result will generate employment opportunity. This paper put forward the BRI and China how it will benefit and make Asia once again united in economic and development prospective.
Table of Contents
1. INTRODUCTION
2. BRI: What and Why
3. Benefit to China
3.1 Economic Elements
3.2 Diplomatic Elements
4. Who's in and who's out?
5. Why Is China Building OBOR?
6. How Will It Be Built?
7. China- Pakistan economic corridor
7.1 Significance
7.1.1 Significance for China
7.1.2 Significance for Pakistan
8. Conclusion
Research Objectives and Themes
This paper examines the Belt and Road Initiative (BRI) as a multifaceted economic, diplomatic, and geopolitical strategy, analyzing its potential to increase China's economic and political stability while fostering international connectivity and development.
- Strategic assessment of China's economic growth and the "New Silk Road" vision.
- Evaluation of the BRI's impact on global trade and regional infrastructure.
- Analysis of the China-Pakistan Economic Corridor (CPEC) as a case study for connectivity.
- Investigation into the geopolitical motivations behind China's infrastructure investments.
Excerpts from the Book
Why Is China Building OBOR?
Investigators have proposed different bases for why Xi's China is seeking after OBOR: Commentators on China regularly stress the association between Beijing's worries about financial development and political strength. As one of only a handful few staying Communist governments on the planet, and having been unequivocally affected by the fall of the USSR, the Chinese Communist Party (CCP) is worried about guaranteeing political and administration dependability by conveying consistent solid financial development. They are betting that if financial conditions enhance, any dissents are probably not going to discover enough help to speak to an unmistakable test to one-party run the show. From this point of view, OBOR might be a methodology to shield financial development and extension in the short to medium term while the Chinese economy experiences a time of change from a low-esteem send out model to a model considering local utilization and higher-esteem trades.
Summary of Chapters
1. INTRODUCTION: Provides an overview of the "New Silk Road" or OBOR initiative, highlighting China's economic growth and strategic response to global market shifts.
2. BRI: What and Why: Details the historical symbolism and visionary goals behind the initiative, focusing on the linkage of China to Europe and the Indian Ocean.
3. Benefit to China: Outlines the core economic and diplomatic elements driving China's decision to heavily invest in diverse infrastructure projects.
4. Who's in and who's out?: Discusses the scope of the initiative and China's identification of key partner nations along the route.
5. Why Is China Building OBOR?: Explores the political and security motivations, emphasizing the CCP's desire for stability and the transition to a higher-value economy.
6. How Will It Be Built?: Examines the financial logistics and the expectation of collaborative investment from partner nations and international entities.
7. China- Pakistan economic corridor: Focuses on the CPEC framework, describing its connectivity goals and potential impacts for both China and Pakistan.
7.1 Significance: Analyzes the strategic importance of the corridor in reducing transportation costs and increasing efficiency for energy imports.
7.1.1 Significance for China: Highlights the cost-effective access to the Indian Ocean and the optimization of trade routes.
7.1.2 Significance for Pakistan: Discusses how the project addresses local economic stagnation, energy crises, and infrastructure deficits.
8. Conclusion: Summarizes the BRI's contribution to global connectivity, trade, and economic cooperation.
Keywords
Belt and Road Initiative, BRI, OBOR, Silk Road, Economic Corridor, CPEC, China, Geopolitics, Connectivity, Infrastructure, Trade, Diplomacy, Economic Development, Xi Jinping, Regional Integration
Frequently Asked Questions
What is the core focus of this research?
The research explores the Belt and Road Initiative (BRI), China's strategic project to build infrastructure and connectivity across Asia, Africa, and Europe.
What are the central themes of the work?
The central themes include Chinese foreign policy, economic development models, international trade infrastructure, and regional geopolitical stability.
What is the primary research goal?
The goal is to analyze how the BRI benefits China's domestic economic and political stability while acting as a tool for international economic cooperation.
Which methodology is employed in this paper?
The paper utilizes a descriptive and analytical approach, synthesizing existing authoritative reports and official documentation regarding China's economic plans.
What does the main body cover?
It covers the history and purpose of the BRI, the specific benefits for China, the motivations behind the project, financial implementation, and a case study of the CPEC.
Which keywords best describe this study?
Key terms include Belt and Road Initiative, CPEC, Geopolitics, Economic Development, and Connectivity.
How does the CPEC contribute to China's economic interests?
The CPEC significantly reduces the distance for energy imports from the Middle East and Africa, resulting in substantial daily cost savings for China.
In what way does the initiative seek to integrate regional economies?
It integrates economies by creating transport linkages, energy pipelines, and data communication channels to foster trade and commerce between participating nations.
- Arbeit zitieren
- Naman Shukla (Autor:in), Krishna Pandey (Autor:in), 2018, BRI: China Perspective. Gaining the Power back of making the Word unite?, München, GRIN Verlag, https://www.grin.com/document/436921
