May 16, 2018
On China’s New Silk Road, Democracy Pays A Toll
Great power competition is back. And China is now combining its vast economic resources with a muscular presence on the global stage. One of Beijing’s key efforts is the Belt and Road Initiative, a trillion-dollar endeavor to link together Asia, the Middle East, Africa, and Europe through a web of mostly Chinese-funded physical and digital infrastructure.
Much of Washington has fretted over China’s mercantilist approach to economics in general and views the Belt and Road Initiative largely through this lens. Yet the concerns over Beijing’s current approach should go beyond dollars and yuan. By fueling debt dependency, advancing a “China First” development model, and undermining good governance and human rights, the initiative offers a deeply illiberal approach to regions that contain about 65 percent of the world’s population and one-third of its economic output.
The hype surrounding the Belt and Road Initiative — Chinese President Xi Jinping’s signature initiative on the world stage — has recently shifted into overdrive. In China’s domestic politics, support for the project has come to signify loyalty to the country’s president-for-life. At the same time, the Belt and Road serves as an overarching narrative into which Beijing can fit its foreign economic policy in regions as disparate as the Arctic and Latin America. Yet the initiative’s rhetoric and branding should not obscure its core aim: to access markets and project influence and power throughout Eurasia and the Indian Ocean rim. And China has already dedicated significant resources to the effort: Estimates put total Belt and Road-related construction and investment at more than $340 billion from 2014 to 2017.
Read the Full Article at Foreign Policy
More from CNAS
-
Trump 2.0 and Security in Asia
Video
Donald Trump is bringing his "America First" agenda back to U.S. foreign policy. What could this mean for Japan and the partners in Asia? Akira Igata, an Adjunct Senior Fellow...
By Akira Igata
-
Syria: What Happened and What Comes Next
Video
After more than a decade of civil war involving major interventions from foreign powers, over the past week a rebel alliance incredibly rapidly gained control of city after ci...
By Richard Fontaine
-
The Future of Russia and China in Central Asia
Podcast
Despite the many proclamations that Russian and Chinese interests would collide in Central Asia, Moscow and Beijing continue to work together in service of their shared object...
By Andrea Kendall-Taylor & Jim Townsend
-
Russia and China in Central Asia
Reports
Executive Summary Despite the many proclamations that Russian and Chinese interests would collide in Central Asia, Moscow and Beijing continue to work together in service of t...
By Andrea Kendall-Taylor, Lisa Curtis, Kate Johnston & Nathaniel Schochet
