China and Inner Asia

Organized Panel Session

3 - China’s Belt and Road Initiative and U.S. New Silk Road Initiative: Cooperation as well as Competition in Central and South Asia (2014-2017)

Friday, July 6
12:10 PM - 1:40 PM
Location: Chinar, First Floor

Launched in 2013 as China’s flagship megaproject, the Belt and Road Initiative (BRI) is envisioned as a network of infrastructure and trade connecting Asia with Europe and Africa. Central and South Asia plays a crucial role in BRI’s success: The former-Soviet Central Asia is the first stop in the overland economic “belt”, while the China-Pakistan Economic Corridor offers the maritime “road” a new route to the Indian Ocean, bypassing the Malacca Straits.


China’s BRI has been sometimes compared to U.S. New Silk Road Initiative (NSR), a regional development scheme launched in 2011. By studying the ongoing infrastructure projects, our research figures out that both initiatives promote energy transmission and trade improvement. Both initiatives are concerned with regional instability and will offer employment as well as job-training opportunities alongside infrastructure projects to the local youth. Due to their complementary approaches and mutual reinforcement, there is a high possibility that BRI and NSR work together to promote peace and prosperity in the region, and such cooperation will have the potential to enhance Sino-U.S. relations. On the other hand, the BRI will inevitably be utilized by China to reach strategic parity with the United States in Asia. Potential collaborators and competitors, these two initiatives will greatly reshape the geopolitical and economic situation in Central and South Asia.


 

Yang Bian

University of International Business and Economics, China (People's Republic)

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3 - China’s Belt and Road Initiative and U.S. New Silk Road Initiative: Cooperation as well as Competition in Central and South Asia (2014-2017)



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