The Belt and Road Initiative in the context of the COVID-19

  • Gagu Laurentiu SNSPA, Bucuresti
Keywords: Keywords: Belt and Road Initiative (BRI), China, Eurasia, USA, Russia, geopolitics, objectives, peaceful development, economic integration

Abstract

Abstract: The Belt and Road Initiative (BRI) outlines a new conceptual framework that would allow China to play a bigger role in the world economy and international relations. However, the conceptual foundation of the BRI establishes essential components of the Chinese foreign (economic) policy in the long run. Understanding China’s BRI development strategies may help the neighbouring states to learn Beijing’s intentions at the regional level. Is the BRI China’s vehicle for the road to a peaceful development or is it a covering strategy for acquiring, at least, regional hegemony? Moreover, how the BRI is going to develop considering the COVID-19 outbreak?

The goals of the essay are to examine the core features of China´s most audacious project: The Belt and Road Initiative. However, the scope of the paper goes further explaining BRI’s geopolitical aims, how the COVID-19 may transform the project and its relevance to China´s financial reformation process.

 

 

 

References

Danner, Lukas K., 2018, China’s Grand Strategy: Contradictory Foreign Policy? Palgrave Macmillan;

Xiaoxiong, Yi, 2005, Chinese foreign policy in transition: understanding china's "peaceful development", The Journal of East Asian Affairs, Vol. 19, No. 1, pp. 74-112;

Zhai, F. 2018. China’s Belt and Road Initiative: A Preliminary Quantitative Assessment. Journal of Asian Economics, 55, 84–92;

Huang, Y. 2016, Understanding China’s Belt & Road Initiative: Motivation, Framework and Assessment. China Economic Review, 40, 314–321;

Zhai, F. (2018). China’s Belt and Road Initiative: A Preliminary Quantitative Assessment. Journal of Asian Economics, 55, 84–92;

Hadley, Stephen J., 2014, AMERICA, CHINA AND THE 'NEW MODEL OF GREAT-POWER RELATIONS', Lowy Institute, available at [https://www.lowyinstitute.org/publications/america-china-and-new-model-great-power-relations];

Sonnad, Nikhil, 2015, Xi Jinping’s first UN address, QUARTZ, available at [https://qz.com/512886/read-the-full-text-of-xi-jinpings-first-un-address/];

Herscovitch, Benjamin, 2017, A Balanced Threat Assessment of China’s South China Sea Policy, CATO Institute, Policy Analysis No. 820;

Voytko, Lisette, 2020, China Reports First New COVID-19 Case In Wuhan, Forbes, available at [https://www.forbes.com/sites/lisettevoytko/2020/05/10/china-reports-first-new-covid-19-case-in-wuhan/#5504b8fe7071];

Moritsugu, Ken, 2020, China Makes Plans to Test All of Wuhan Amid Fears of Virus Comeback, The Diplomat, available at [https://thediplomat.com/2020/05/china-makes-plans-to-test-all-of-wuhan-amid-fears-of-virus-comeback/];

Hernández, Javier C.,2019, Workers’ Activism Rises as China’s Economy Slows. Xi Aims to Rein Them In, The New York Times, available at [https://www.nytimes.com/2019/02/06/world/asia/china-workers-protests.html];

Asian Development Bank, 2017, Asia Infrastructure Needs Exceed $1.7 Trillion Per Year, Double Previous Estimates, Asian Development Bank, available at [https://www.adb.org/news/asia-infrastructure-needs-exceed-17-trillion-year-double-previous-estimates];

Lancaster, Kirk, Rubin. Michael, Rapp-Hooper, Mira, 2020, What the COVID-19 Pandemic May Mean for China's Belt and Road Initiative, Council on Foreign Relations, available at [https://www.cfr.org/blog/what-covid-19-pandemic-may-mean-chinas-belt-and-road-initiative];

Lee, Se Young, 2020, China pledges $30 million more for WHO's coronavirus fight, Reuters, available at [https://www.reuters.com/article/us-health-coronavirus-china-who/china-pledges-30-million-more-for-whos-coronavirus-fight-idUSKCN2250VM];

BAIJIE, AN, 2017, WHO, China sign pact establishing 'health Silk Road', ChinaDaily, available at [https://www.chinadaily.com.cn/business/2017wef/2017-01/19/content_27993857.htm];

Crossley, Gabriel, 2020, Virus had 'eye-popping' impact on China's economy: Beige Book, Reuters, available at [https://www.reuters.com/article/us-china-economy-business/virus-had-eye-popping-impact-on-chinas-economy-beige-book-idUSKBN21A3R9];

Sidney, Leng, 2018, Caught in China’s cash crunch: why private companies are collapsing into a black hole of shadowy debt, South China Morning Post, available at [https://www.scmp.com/news/china/economy/article/2155706/caught-chinas-cash-crunch-why-private-companies-are-collapsing];

Abi-Habib, Maria, 2018, How China Got Sri Lanka to Cough Up a Port, The New York Times, available at [https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html];
Huang, Kristin, 2018, Will China seize prized port if Kenya can’t pay back its belt and road loans?, South China Morning Post, available at [https://www.scmp.com/economy/china-economy/article/2180026/will-china-seize-prized-port-if-kenya-cant-pay-back-its-belt];

Vu, Khanh, 2020, Vietnam protests Beijing's expansion in disputed South China Sea, Reuters, available at [https://www.reuters.com/article/us-vietnam-china-southchinasea/vietnam-protests-beijings-expansion-in-disputed-south-china-sea-idUSKBN2210M7];

Smith, Nicola, 2020, Vietnam lodges protest against Beijing's expansion in South China Sea, The Telegraph, available at [shorturl.at/gyPX2];

CNN Philippines, 2020, China puts up new research stations on PH-claimed reefs in West Philippine Sea, CNN Philippines, available at [https://bit.ly/2Ns45w9];

The Japan Times, 2020, China to conduct major military drill simulating seizure of Taiwan-held island, the Japan Times, available at [https://www.japantimes.co.jp/news/2020/05/14/asia-pacific/china-military-drill-taiwan/];

Al Jazeera, 2020, US warship sails through Taiwan Strait amid tensions with China, Al Jazeera, [https://www.aljazeera.com/news/2020/03/warship-sails-taiwan-strait-tensions-china-200326010625456.html];

the Japan Times, 2019, Chinese incursions near Japan-held islands top 1,000 to hit record, up 80% on last year, the Japan Times, available at [https://www.japantimes.co.jp/news/2019/12/06/national/politics-diplomacy/china-incursions-japan-held-islands-hit-record/];

Xie, Echo, 2020, ‘We are not the culprit’: Beijing tells US to stop blaming China for coronavirus pandemic, South China Morning Post, available at [https://bit.ly/3etta5z];

Apuzzo, Matt, 2020, Pressured by China, E.U. Softens Report on Covid-19 Disinformation, The New York Times, [https://www.nytimes.com/2020/04/24/world/europe/disinformation-china-eu-coronavirus.html];

Churchill, Owen, Delaney, Robert, Coronavirus: Donald Trump halts US contributions to World Health Organisation during ‘review’, South China Morning Post, available at [https://www.scmp.com/news/china/diplomacy/article/3079929/coronavirus-us-senators-demand-who-records-saying-health];

Borger, Julian, 2020, Mike Pompeo: 'enormous evidence' coronavirus came from Chinese lab, The Guardian, available at [https://www.theguardian.com/world/2020/may/03/mike-pompeo-donald-trump-coronavirus-chinese-laboratory];

Odell, Rachel, Esplin, Wertheim, Stephen, 2020, Can the Democrats Avoid Trump’s China Trap?, The New York Times, available at [https://www.nytimes.com/2020/05/10/opinion/china-coronavirus-trump.html?fbclid=IwAR3CGQoKhWzpiv2UG3P_Eo8MI7bIEiRBcUk3aXMlr_JzeF5Q0f7TNOz2RzI];

Cheng, Evelyn, 2020, Roughly 5 million people in China lost their jobs in the first 2 months of 2020, CNBC, available at [https://www.cnbc.com/2020/03/16/china-economy-millions-lose-their-jobs-as-unemployment-spikes.html];

Crossley, Gabriel, Leng, Cheng, 2020, Coronavirus pandemic to test China's unemployment safety net, Reuters, [https://www.reuters.com/article/us-health-coronavirus-china-unemployment/coronavirus-pandemic-to-test-chinas-unemployment-safety-net-idUSKCN21U0Y0];
Published
2020-07-29
Section
Articles