Belt and Road: A ‘China solution’ or a path to nowhere? - China politics and current affairs news from May 4, 2017 - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

Belt and Road: A ‘China solution’ or a path to nowhere? – China politics and current affairs news from May 4, 2017


As Beijing prepares to host 28 world leaders on May 14-15 for a summit on China’s ambitious “One Belt, One Road” (OBOR) global infrastructure initiative, a wide array of commentators and financial institutions are sizing up the plan.

Bloomberg reports that the bank Credit Suisse has concluded that China may pour more than $500 billion over the next five years into OBOR projects, and confirmed the mainstream perception that the projects are likelier to further China global influence under a less globally engaged, Trump-led U.S. The Japan-led Asian Development Bank confirmed that it “seeks to cooperate, not compete, with China” on OBOR projects, Reuters notes. The Financial Times explains (paywall) how OBOR is now seen as part of a “China solution,” as one expert put it, to spur economic development worldwide. China’s Xinhua News Agency, meanwhile, is kicking into gear defending the plan in an editorial titled “Belt & Road Initiative win-win, not a solo show.”

Meanwhile, OBOR continues to draw criticism as little more than a rhetorical basket filled primarily with pre-existing projects, particularly those in Pakistan, which have political problems on their own that could torpedo the wider initiative. Mihir Sharma writes in a column for Bloomberg that the political risks of the OBOR projects in Pakistan are underrated, and that “China usually struggles to live up to such big promises” as those offered to Pakistan. George Magnus points out in a piece for Nikkei Asian Review that the projects in Pakistan date back to 2002, long before Xi Jinping’s rollout of OBOR in 2013. And the Financial Times piece linked above notes that with stalled projects in Kazakhstan and Thailand, “so far, little outside China has been completed.”  


Share
Lucas Niewenhuis

Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.