Abhay Kumar Singh replies: Decades of economic growth and government prioritisation have enabled China to position itself at the nexus of global maritime trade. Today, China is home to more shipping ports than any other country, including seven of the 10 busiest ports in the world. In addition, China owns over 100 ports in approximately 63 countries.
Gulbin Sultana replies: China under President Xi Jinping seeks to reach out to overseas markets and promote new sources of growth for its economy. Xi Jinping’s vision of a global free trade regime and open world economy includes efforts to enhance connectivity between Asian and African continents and their adjacent seas for free flow of trade.
China’s growing military presence in Central Asia through military exercises, trainings, extending arms assistance and building military infrastructure, has an impact not only on the region but also its neighbours, especially Russia and India.
Envisioned as a sustainable alternative to China’s BRI, US-led Build Back Better World (B3W) initiative seeks to narrow down infrastructure deficit in the developing world. However, with their several distinct areas of focus, BRI & B3W can possibly share both complementary & competitive equations.
The drawbacks of over-reliance on China as a single manufacturing source has led to countries adopting “China Plus One” strategy to diversify supply networks. Whether Supply Chain Resilience Initiative by India-Japan-Australia can assist in partial decoupling from China is yet to be seen.
The article looks back on China’s proposal and promotion of the Belt and Road Initiative (BRI) to Vietnam, as well as Vietnam’s official position and response to this initiative. The implementation of agreements between the two countries is analysed by evaluating two key areas of the BRI in Vietnam, namely facilities connectivity, and trade and investment. China was active in promoting the BRI, whereas Vietnam welcomed the initiative with caution. Cooperation in the two key areas has been promoted.
While the ruling elite including army in Pakistan considers CPEC a boon, many analysts view it as a Chinese game-plan to turn Pakistan into a permanent colony, a rentier-cum-client state.
The recently held second Belt and Road forum in April 2019 based on the theme “Shaping a Brighter Shared Future" gained considerable momentum in the world community. BRI has been an ever evolving concept that has changed considerably since its inception in 2013. It has generated a blend of optimism and consternation around the world.
Meena Singh Roy replies: The International North-South Transport Corridor (INSTC) is not a counter to China's Belt and Road Initiative (BRI). INSTC was conceived long before BRI came into picture. INSTC is a join initiative taken by India, Russia and Iran. The ‘Inter-Governmental Agreement on International “North-South” Transport Corridor’ was signed by the three countries in Saint Petersburg on September 12, 2000.
Belt and Road Initiative and Environmental Challenges
Several Belt and Road Initiative projects pass through ecologically sensitive areas and in countries with weak environmental laws and governance.