1st Edition

China’s New Global Strategy
The Belt and Road Initiative (BRI) and Asian Infrastructure Investment Bank (AIIB), Volume I

Edited By

Suisheng Zhao

ISBN 9781032091747
Published June 30, 2021 by Routledge
220 Pages

USD $48.95

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Book Description

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

Suisheng Zhao

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

Hong Yu

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

Jeffrey Reeves

Part II: China’s Domestic Politics and the BRI

7. The Domestic Politics of the Belt and Road Initiative and its Implications

Baogang He

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

Shaofeng Chen

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

Jeremy Garlick

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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.