Rising as a global power and regarding the existing world order unjust and unreasonable enough to meet the interests of both itself and other emerging powers, China has demanded reform to global governance, and taken new initiatives using its new quotient of wealth and influence to draw countries into its orbit. This comprehensive volume focuses on the two most important of these initiatives: the Belt and Road Initiative (BRI), launched in 2013 to strengthen China’s connectivity with a large part of the world through infrastructure and economic development; and the Asian Infrastructure Investment Bank (AIIB), created in 2015, which represented China’s effort in the reconstruction of the international development rules. This book explores how these two initiatives are central to China’s emerging global strategy.
The authors examine China’s geopolitical and geo-economic motivations and domestic political dynamics in launching these two initiatives. They also investigate the responses from the major foreign partners involved in both initiatives. This book will be of great interest to students, academics and researchers of China’s emerging global strategy. It comprises articles originally published in the Journal of Contemporary China.
Table of Contents
Introduction: The BRI and AIIB as China’s New Global Strategy: Motivations, Domestic Politics and International Responses
Part I: Geopolitics and Geo-economic Motivations behind the BRI/AIIB
1. Motivation behind China’s ‘One Belt, One Road’ Initiatives and Establishment of the Asian Infrastructure Investment Bank
2. The One Belt One Road and the Asian Infrastructure Investment Bank: Beijing’s New Strategy of Geoeconomics and Geopolitics
Kevin G. Cai
3. Beyond Balancing: China’s approach towards the Belt and Road Initiative
Weifeng Zhou and Mario Esteban
4. Could ‘Belt and Road’ be the Last Step in China’s Asian Economic Integration?
Cheng King and Jane Du
5. Strategic Reassurance in Institutional Contests: Explaining China’s Creation of the Asian Infrastructure Investment Bank
Zheng Chen and Yanchuan Liu
6. China’s Silk Road Economic Belt Initiative: Network and Influence Formation in Central Asia
Part II: China’s Domestic Politics and the BRI
7. The Domestic Politics of the Belt and Road Initiative and its Implications
8. Overseas Port Investment Policy for China’s Central and Local Governments in the Belt and Road Initiative
Jihong Chen, Yijie Fei, Paul Tae-Woo Lee and Xuezong Tao
Part III: Responses from Foreign Partners
9. Regional Responses to China’s Maritime Silk Road Initiative in Southeast Asia
10. The Political Economy of a Rising China in Southeast Asia: Malaysia’s Response to the Belt and Road Initiative
Hong Liu and Guanie Lim
11. Myanmar’s Role in China’s Maritime Silk Road Initiative
J. Mohan Malik
12. Deconstructing the China-Pakistan Economic Corridor: pipe dreams versus geopolitical realities
Suisheng Zhao is Professor and Director of the Center for China-US Cooperation in the Josef Korbel School of International Studies at the University of Denver, USA, and founding editor of the Journal of Contemporary China.