China can meet 'Belt and Road' challenges
- By Wang Yinghui
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E-mail China Daily, July 23, 2015
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Chinese President Xi Jinping (center) visits Port of Duisburg of Germany March 29, 2014. [Photo/Xinhua] |
As the top priority for China's peripheral diplomacy in the new era and the major region of activity for the Silk Road Economic Belt and the 21st Century Maritime Silk Road, Southeast Asia occupies a special place in China's "Belt and Road Initiative".
But the initiative faces some challenges. The first is some countries' concern over the Belt and Road. Some people say the initiative smacks of neo-colonialism because they wrongly assume its purpose is to exploit energy and mineral resources in the region, which will harm the regional economies and the environment. There are also cultural concerns that Chinese investment might change the cultures and lifestyles of some countries.
The major concern, however, is geopolitical. Some say the Belt and Road Initiative is akin to the "Marshall Plan" and "String of Pearls", and part of China's grand strategy to change the regional and global orders and seek hegemony. And as neighbors, the members of the Association of Southeast Asian Nations are concerned about China's strategic intentions.
The second is investment risk. Some ASEAN members are undergoing transformation and even facing unrest at home, affecting their relations with China. This poses investment risks that could even end in failure. Typical examples include the abandonment of the "Rice for Train" treaty with Thailand, and the suspension of the Myitsone Dam project and interruption in the Kyaukpyu-Kunming railway project in Myanmar. On China's side, some enterprises do lack professionalism, with a few not having even the basic idea about the laws and customs of the countries they have invested in.
The third challenge is big-power rivalry in the region. As the US pushes ahead with its rebalancing to Asia strategy, it has significantly strengthened its alliances and partnerships with some Southeast Asian countries, as well as consolidated its military presence in the region. The US has been holding military exercises with regional countries more frequently, involved itself in Myanmar's democratic transformation, signed a defense agreement with the Philippines, and relaxed the restrictions on exports of weapons to Vietnam. Washington has also got increasingly involved in the South China Sea disputes on the pretext of defending freedom of navigation but actually to internationalize the disputes and criticize Beijing's reclamation project on the Nansha islands.
