Abstract
China’s launch of the Belt and Road strategic initiative has attracted global attention, with both very positive and reserved opinions. Many countries felt invited and eager to become part of the project, whereas others saw it as a strategic challenge and controversial business deal. It is the biggest initiative of the PR China with global aspirations and possible outcomes, since China’s successful establishment of the Asian Infrastructure Investment Bank . Both are bold attempts by China to reshape the existing global order and transform it into something new, more multipolar and, for sure, more Sinocentric.
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Notes
- 1.
In the Third Plenary Session of the 18th Central Committee of the Communist Party of China , held in November 2013, acceleration of the infrastructure networking among the regional countries, as well as pursuing construction of the Silk Road Economic Belt and twenty first-Century Maritime Silk Road were enhanced as priorities at the specific moment of the Reform and Opening Up.
- 2.
The Port of Colombo project was agreed in September 2014 when Chinese President Xi visited Sri Lanka as part of his tour through South Asia to promote the One Belt, One Road initiative.
- 3.
The EDB was established in 2006 by the Russia n Federation and Kazakhstan . The Republic of Armenia and the Republic of Tajikistan became full members of the EDB in 2009, the Republic of Belarus in 2010, and the Kyrgyz Republicin 2011. The aim of the EDB is to promote economic growth in its member states, extend trade and economic ties between them, and support integration in Eurasia. The bank has provided financing totaling more than US$5.3 billion for investment projects in its member states. Retrieved from http://www.eurasianet.org/node/72701.
- 4.
Xi raised this issue with Prime Minister Narendra Modi when they met for the first time on the margins of the Brazil, Russia, India, China and Soth Africa (BRICS) summit in Fortaleza, Brazil, July 2014. Please, read more at: http://carnegieendowment.org/2014/08/13/chinese-takeaway-one-belt-one-road
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Mitrovic, D. (2018). China’s Belt and Road Initiative: Connecting and Transforming Initiative. In: Cheng, Y., Song, L., Huang, L. (eds) The Belt & Road Initiative in the Global Arena. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-10-5921-6_2
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