China’s 30 years of development could be a golden chance by accident, as in 1978, Deng Xiaoping, Madame Thatcher in the UK, and Ronald Wilson Reagan in the US all took on actions on globalization, which docked with China’s reform and opening up inadvertently. From 2002 to 2008, the accumulated employment problems in China were resolved immediately, and the labor force was in short supply between 2003 and 2005. It has also been a fact that the developing countries need infrastructure construction, so do some developed countries. Meanwhile, the sovereignty and cultural issue in Kashmir is complicated, with the lower social group had Islam as the religion while the upper class believes in Hinduism. In the past two or three decades, the gap of overall competence between the two countries had been drastically widened. The western countries are development since they have taken up the upper position in the value chain. Now, China’s entire industry, are supposed to be in the transition from the lower-end to the higher-end, and the same time, to solve the employment problem of migrant workers, the present lower-end part should be maintained in a long period of time, which touched the cheese of the US and European countries. A lot of progress has been made thus far. When facing these countries, it might be hard for China to communicate with them though not impossible to communicate. Your email address will not be published. China substantiated its integrated blueprint of the Silk Road Economic Belt (SREB) and the 21st-Century Maritime Silk Road (MSR)—the twin initiatives covered by the conceptual umbrella of the “One Belt One Road”. Given its massive scope and budget, it is no wonder that the BRI has raised the alarms of predatory lending on the world stage, yet there is no record of asset seizure on any BRI project to date. It should be noted that Confucianism and Taoism have never been exported to other countries in China’s history; instead the outsiders came to China to learn Chinese culture. China’s soaring vision envisages that the Silk Roads, once completed, would impact 4.4 billion people… / For all the criticism that the BRI has shouldered as a recipe for predatory lending, covert dealmaking, or long-term economic turmoil, the debt-trap narrative is a remarkably cautious critique. While if China could take over its place, it would be a great threat for them, considering China’s huge population, strong national identity and complete industrial system. The African Union has denounced China’s approach to financing BRI projects in Africa as “debt-trap diplomacy” tactics, where an investor country knowingly establishes doomed borrower-creditor relationships to exert control over the indebted country after it inevitably defaults, sometimes seizing its valuable resources along the way, e.g. In turn, the economic case against the BRI provides ample opportunities to impose targeted sanctions — rather than symbolic gestures—and the specific focus needed to replace the ambiguity of rights-based language. Nevertheless, from 2004 to 2006, a bunch of think tanks in the US believed that the country’s enemy is still China, instead of the Middle East countries. Pro's and con's will change depending on who's shoes you're standing in. China built roads in Pakistan and Kashmir, and also the China–Pakistan Economic Corridor (CPEC), which touched nerve of India. Religious emotion and motivation are bounded with this type of promotion while which is the thing that China lacks. This new definition aimed at getting rid of the discourse of the West since the World War II, with human rights, democracy as the criteria. The hot debated ‘One Belt, One Road’ Initiative, raised in 2013, was at first a response to Obama’s ‘Pivot to Asia’ strategy. Many countries along the ‘One Belt, One Road’ route are Islamic countries, these countries are withstanding a series issues of marketization, industrialization, urbanization, as well as the oppression from the West, which led to their greater difficulties in transition than China. However, no restricted religious rules in China had granted freedom to Chinese people in the convenience of modernization, and religion is not a big issue in China’s development. A brief historical review would be needed to view this problem. For example, Liqun Jin from Asian Infrastructure Investment Bank (AIIB) has played an active role. President Xi Jinping announced ‘One Belt, One Road’ in 2013, and the action plan for the Belt and Road Initiative (BRI) was released by the National Development and … Author: Jinqing Cao Chief Expert of Social work and social policy institute of ECUST (East China University Of Science and Technology), Your email address will not be published. Experts estimate that at least one million people have been incarcerated in more than 380 “re-education through labor” detention camps, sixty-one of which have been renovated in the last year and fourteen of which are still under construction. Both, so far, have floundered. Speaking of AIIB, there used to be 30 at most, but now it turned to be more than 70, with whose popularity far beyond our expectation. No one has any doubt about that. It does not send a delegation to the Paris Club, a global development financing group of investor countries who meet to coordinate debt treatments and reduce conflicts among lenders when global debt crises arise. The industries related to Mongolia's One Belt One Road investment. 21 maps for the 21st century in the new economic and geopolitical world order, Pallas Athene Innovation and Geopolitical Foundation, Central and Eastern European Geopolitical Study, Womenomics – Women at the Japanese labour market, “One Belt One Road” From The Perspective Of The European Union: Challenge Or Opportunity. India hoped that China could meet their demands in Kashmir, which would also be impossible. What China aimed to change is a US and Europe dominated international relations system in the past 500 years, especially in the past few decades the Westphalian System formulated. While mutual economic benefit may play the main part, cultural conflicts, boundary issues and political disputes are also problems to consider. The conflict has escalated since 2014, when the central government launched a “people’s war on terror”, setting in motion an ongoing mass surveillance and forced detention campaign against Uyghurs and other minorities in Xinjiang. The attitude of the Indian government and the mainstream society towards China is diversified, and tends to be conservative and negative, which is also a stable status. Like a one-way mirror, the Paris Club framework gives China a clear view of member states’ lending activity even as China’s remains concealed. Likewise, others have stressed that the risks of debt-trapping are just that: risks. It is Necessary to Carefully Analyze the Pros and Cons to Host Countries’ Industrialization During the … It is less concrete policy and more ambition that appears the BRI’s lifeblood: currently, the initiative is projected to require over $1 trillion in infrastructure, power, and telecommunication investments. The Belt and Road Initiative is their chance to deliver on those promises. As its scope balloons to sweeping proportions, the BRI has laid China open to international criticism, mostly propelled by fears that the BRI encourages unsustainable lending. Xinjiang’s centrality to the BRI has led experts to reevaluate Xi’s incentives for carrying out the repressive campaign: it is clear that, alongside his administration’s established desire for ethnic and cultural homogeneity, his government anticipates an economic windfall from sustaining social control in Xinjiang. One Belt, One Road, Many Problems. Currently, the prospects of China’s ‘One Belt One Road Initiative’ (hereinafter referred to as OBOR) are dim. Since the beginning, our researchers have published nearly 600 articles and studies. In the seven years since China’s President Xi Jinping announced the Belt and Road Initiative, the project has expanded to nearly every corner of the world. Against these rogue donor narratives, the reality of the BRI crediting policy seems benign, even generous. Some of our other studies and abstracts promote the work of the Central Bank of Hungary and professional working groups related to the Hungarian Government. Although the BRI’s EU and US critics have largely sidestepped its ties to the Xinjiang Crisis, it would be wrong to say that China’s international critics are silent on its human rights violations. Debt-Trap Diplomacy population, staggering metrics expected still to rise why it could be added on massively benign even! 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