April 12, 2018
Will China’s New Trade/Debt Diplomacy Strategy Reshape The World?
China’s vision is unlikely to become the world’s vision.
The nationalistic China Dream represents the ambitious choreography of the Chinese Communist Party. Sino-centrism is apparent in the original formulation of “One Belt, One Road,” a phrase subsequently replaced after it became apparent that other actors might want a voice in determining their destinies. The more ambiguous “Belt and Road Initiative” still appears a means by which China may dominate twenty first-century global supply chains by leveraging its advantages in foreign exchange reserves and surplus industrial capacity.
The Belt and Road Initiative also needs to be placed in a strategic and not just economic context. Xi Jinping may tout infrastructure to attract others to rally behind Beijing, but his open quest for military modernization will repel many worried about China’s future intentions. Small countries whose leaders are subject to foreign influence may buy into long-term indebtedness and foreign policy bandwagoning. But most sovereign states will wish to hedge their future security through economic diversification
and networked security.
Read the full article at International Economy
More from CNAS
-
CNAS Insights | Mr. President, You Are Losing India
Commentary
Last month, after Xi Jinping, Vladimir Putin, and Narendra Modi clasped hands in Tianjin, China, President Donald Trump concluded that the United States had “lost India and Ru...
By Lisa Curtis & Richard Fontaine
-
N. Korea Hardens Nuclear Stance at UN, Hints at Selective Diplomacy
Video
Seven years after disappearing from the UN’s main stage, North Korea returned — and made sure the world listened. Vice Minister Kim Son-kyong stood before the General Assembly...
By Dr. Go Myong-Hyun
-
USSC Briefing Room | The Prognosis for the Quad and Other U.S. Alliances in the Indo-Pacific
Podcast
In conversation with the United States Studies Centre, Director of the Indo-Pacific Program at the Center for a New American Security, Lisa Curtis discussed the Quad and the f...
By Lisa Curtis
-
Afghanistan: Why Does Trump Want to Retake Bagram Air Base?
Video
Lisa Curtis, senior fellow and program director at the Center for a New American Security joined Deutsche Welle to discuss President Trump's comments on the U.S. regaining con...
By Lisa Curtis
