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.
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 […]
The BRI vs FOIP: Japan’s Countering of China’s Global Ambitions
Abstract With the Donald Trump administrated U.S. turning inwards, the world saw Japan taking a step forward on the global stage during Prime Minister Shinzo Abe’s tenure. Not only did […]
Legal Constraints of China’s BRI: The Case of Myanmar
Summary There are many consequences of China’s global Belt and Road Initiative. Amongst the least appreciated are the legal implications that arise from its investments. In Myanmar, one of the […]
Moving Beyond Rhetoric? The EU-Japan Strategic Partnership Agreement (SPA)
In July 2018, Japan and the EU signed both the Economic Partnership Agreement (EPA) and the Strategic Partnership Agreement (SPA). The two agreements have been described as formally ushering in […]
Emerging Giant Shaking up the EU? Impacts, Challenges and Implications of China’s Investment Frenzy in Europe
Summary Chinese Foreign Direct Investment (FDI) has experienced an exponential surge globally over the past decade, challenging the traditional norms of international investment. This phenomenon is the result of a […]
Compatible Interests? The EU and China’s Belt and Road Initiative
Executive Summary While China and the European Union are at opposite ends of the Eurasian continent, booming trade, along with China’s rise as a global power, has made their relationship […]