Udai Bhanu Singh replies: China-Myanmar Economic Corridor (CMEC) has been touted as a flagship project of Beijing’s Belt and Road Initiative (BRI) in Myanmar. A memorandum of understanding (MoU) to establish CMEC was signed between the two countries in September 2018.
The successful conclusion of the Belt and Road Initiative (BRI) Summit in Beijing recently has raised a number of questions about India’s strategy to counter the Chinese project. The One Belt One Road (OBOR) initiative which China is implementing along with other partners is primarily aimed at strengthening its economy which was impacted by the global financial crisis of 2008–2009. Through this flagship scheme China will develop large-scale projects in infrastructure such as roads, railway lines, sea ports and airports.
Abhay Kumar Singh replies: China’s Belt and Road Initiative (BRI) is one of the most imaginative and ambitious programmes ever to be rolled out by a government. It represents a broad strategy for China’s economic cooperation and an expanded presence in Asia, Africa, and Europe. BRI has been presented by China as a win-win initiative for all participating nations. At a broader level, the idea of enhancing connectivity across Asia and between Asia and Europe resonates with India’s approach towards regional cooperation.
This article argues that Beijing’s ambitious ‘Belt and Road Initiative’ (BRI) is driven by the convergence of Innenpolitik and Aussenpolitik motivations including a desire: to counterbalance perceived American predominance; to ensure economic growth to underpin the CCP’s legitimacy; and to present China as a viable alternate global leader to the United States.
Prashant Kumar Singh replies: The question posed appears to be based on three assumptions, agreeing to which is a little difficult. First, China is encircling India through ‘string of pearls’ and the Belt and Road Initiative (BRI). Secondly, that the proposed ‘Democratic Quad’ is a response to this encirclement. Thirdly, India is hesitant to form the ‘Quad’ and that it is India’s hesitance alone that is holding up its formation.
Titli Basu replies:To pursue Japan’s ‘Free and Open Indo-Pacific Strategy’, Prime Minister Shinzo Abe designed his signature initiative — Partnership for Quality Infrastructure (PQI) in May 2015, later upgraded as Expanded Partnership for Quality Infrastructure (EPQI) in May 2016, to finance infrastructure projects of approximately US$ 200 billion across the Indo-Pacific over the next five years (2017-21).
China's Belt & Road Initiative (B&RI), also known as One-Belt-One-Road (OBOR), depends for its success on a tacit alliance with Britain and the financial acumen of the City of London. The London-Beijing axis has likely gathered momentum with Britain's decision to quit the European Union (EU) in June 2016 and Prime Minister Theresa May's triggering Article 50 of the Lisbon Treaty in March 2017, to begin the divorce process.
For the Belt and Road Initiative (BRI) to succeed, China needs to engage in serious and sincere dialogue with BRI participants, ensure respect for territorial integrity and sovereignty, uphold the internationally accepted norms of transparency and observe principles of financial responsibility, among other key issues.
The inclusion of the Belt and Road Initiative in the Charter of the Communist Party of China indicates that it is not merely an economic policy but rather a ‘political project’.
The vision document considers maritime security cooperation as a lynchpin in the MSR and attempts to redesign the existing maritime security architecture in the oceanic arena of MSR.
China's Belt and Road Initiative: Prospects and Pitfalls
For the Belt and Road Initiative (BRI) to succeed, China needs to engage in serious and sincere dialogue with BRI participants, ensure respect for territorial integrity and sovereignty, uphold the internationally accepted norms of transparency and observe principles of financial responsibility, among other key issues.