Pragmatism can lead Silk Roads to success

By Huang Yiping
0 Comment(s)Print E-mail China Daily, February 25, 2015
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More than 500 delegates and entrepreneurs from countries along the Silk Road Economic Belt attended the China-EU Rail Logistics Forum Multi-communication, in Zhengzhou, capital of Central China's Henan province, Friday. [Photo by Xiang Mingchao/]

The Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives of President Xi Jinping are aimed at promoting regional economic cooperation. Being supplementary to the existing world economic order, the initiatives will help boost regional economic cooperation and development through infrastructure construction based on China's successful experiences over the past decades.

The "Belt and Road Initiatives" are the first independent concept put forward by China for international economic cooperation. They are particularly important in the context of the International Monetary Fund's failed efforts to push forward infrastructure investment.

Given their popularity among some Southeast, South, Central and West Asian countries, the initiatives, if well implemented, will become a vital component of the established international system. The advance of China's westward economic cooperation is also expected to lower the risk of direct conflicts between China and the United States in the Pacific and help Beijing follow its "peaceful development" strategy.

But while implementing the initiatives, China should refrain from using them as a Cold War tool.

Recently, some international relations scholars claimed that a bipolar confrontation, with China and Russia on one side and the US and Japan on the other, is taking shape in the Pacific where the two camps are competing to assume the power to make the new rules. China, the scholars believe, has to strive to be the top military power to ensure that it exercises the power to make the rules and safeguard its economic interests.

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