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.
Inhaltsverzeichnis (Table of Contents)
- INTRODUCTION
- BRI: What and Why
- Benefit to China
- Economic Elements
- Diplomatic Elements
- Who's in and who's out?
- Why Is China Building OBOR?
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper examines the Belt and Road Initiative (BRI) and its potential benefits for China and other participating countries. It aims to analyze the economic and diplomatic aspects of this multifaceted undertaking and explore its role in fostering regional cooperation and development.
- The economic and political motives behind China’s BRI.
- The impact of BRI on China’s economic and political stability.
- The potential benefits of BRI for participating countries in terms of connectivity, economic development, and trade.
- The geographical scope and reach of BRI, encompassing land-based and maritime routes.
- The role of BRI in China’s foreign policy and its broader strategic vision.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This section introduces the concept of BRI, highlighting the significance of China’s economic growth and its strategic vision for connecting with the rest of the world through infrastructure development. It establishes the context for the initiative and provides an overview of China’s economic transformation since 1978.
- BRI: What and Why: This chapter delves into the rationale behind BRI, tracing its origins to President Xi Jinping's vision for a “New Silk Road.” It explains the concept of the “One Belt, One Road” initiative and its objectives, emphasizing the focus on infrastructure development and connectivity. The chapter highlights the geographic scope of BRI and the potential benefits of its implementation.
- Benefit to China: This section explores the benefits of BRI for China, focusing on the economic and diplomatic aspects. It outlines how the initiative can strengthen China’s economic capacity and connectivity with other nations, while also bolstering its international influence and diplomacy.
- Who's in and who's out?: This section examines the geographic scope of BRI and the participation of various nations. It clarifies that while China aims to include all countries, it has specifically identified 65 nations that are anticipated to play a key role in the initiative.
- Why Is China Building OBOR?: This chapter delves into the motivations behind China’s undertaking of BRI. It explores the connection between economic development and political stability and the CCP’s desire to secure political dependability through economic growth. The section also discusses the potential for BRI to safeguard China’s economic development during a time of transition.
Schlüsselwörter (Keywords)
Key terms associated with this paper include Belt and Road Initiative (BRI), Silk Road, Economic Belt, Maritime Silk Road, infrastructure development, connectivity, economic growth, regional cooperation, China’s foreign policy, political stability, and diplomatic relations. These terms encompass the central themes and concepts explored in the text, highlighting the initiative's multifaceted nature and its potential to shape global economic and geopolitical landscapes.
- Quote paper
- Naman Shukla (Author), Krishna Pandey (Author), 2018, BRI: China Perspective. Gaining the Power back of making the Word unite?, Munich, GRIN Verlag, https://www.grin.com/document/436921
