The Belt and Road Initiative
First announced by Chinese President Xi Jingping in September 2013, the Belt and Road Initiative (formerly ‘One Belt One Road’ (‘OBOR’; Yi Dai, Yi Lu; 一带一路)), now sets out China’s ambitious foreign policy objective for the 21st century. It embodies an integrated development framework consisting of a continental ‘Silk Road Economic Belt’ and littoral ‘Maritime Silk Road’. Through the guidance of these economic corridors it provides a comprehensive framework of regional cooperation and development programs spanning from China to Western Europe. In totality BRI provides a vision encompassing over 60 countries with a combined population exceeding 4 billion people throughout Central Asia, the Indian Ocean Littoral and Europe. Under the initiative, Beijing takes the lead in the cooperative promotion of local and trans-continental infrastructure development; policy coordination; trade facilitation; and cultural exchange. As a comprehensive, multi-tiered project, BRI builds on a series of multilateral and bilateral funding schemes and state policy loans to both public and private sector partners. OBOR sets out an ambitious vision with profound economic, political and social potential impact.
BRI sets out a grand vision. However, in order to successfully realize a project of such scale and ambition, a framework for effective policy development and topical expertise is indispensable. The Stockholm China Center at ISDP provides this framework. Recognising that the world is increasingly multi-polar, ISDP considers international engagement the only viable strategy and policy direction. The Belt and Road Initiative provides Europe with a unique opportunity from which to take up this challenge and become part of inclusive solutions across Eurasia and the Indian Ocean littoral. As a hub for China-oriented research, with extensive networks throughout the Central- and East Asian political environment, the Stockholm China Center at ISDP is the portal preparing Sino-European relations for the The Belt and Road era.
China in Sri Lanka and Solomon Islands: Role of Littorals in the Geopolitical Competition
Abstract: This issue brief discusses the growing Chinese sphere of influence in Sri Lanka and Solomon Islands, its impact on the region and on the regional powers, India and Australia. […]
China’s BRI Diplomacy: What it Means to India and India’s Rise
Introduction: In the post-COVID-19 world order, particularly, amidst intensifying great power competition and changing regional and global power dynamics, infrastructural advancement has taken on new and expanded significance. However, the […]
Reconciling Different Approaches to Conceptualizing the Glocalization of the Belt and Road Initiative Projects
Abstract: In response to the recently rising number of academic papers that empirically examine local variances in China’s Belt and Initiative (BRI) projects in various foreign lands, this paper points […]
The Geopolitical Aftershocks of the China-Solomon Islands Security Agreement
Introduction: Chinese President Xi Jinping, shortly after taking office, remarked in 2012 that “the vast Pacific Ocean has ample space for China and the United States.” The comment was made at a […]
China’s Health Diplomacy: Taking Forward the Health Silk Road in Southeast Asia
Geopolitical competition over Covid-19 vaccines is at its peak. In the absence of a fair and equitable mechanism to coordinate vaccine access, procurement seems to be based either on nationalistic […]
The Dawn of the Digital Yuan: China’s Central Bank Digital Currency and Its Implications
Summary The COVID-19 pandemic has driven digital innovation and proved to be an enabling episode for the technology industry; the growing focus on central bank digital currencies (CBDCs) comes within such a context. China has rushed to […]