How to respond to China’s Belt and Road Initiative

Chinese President Xi Jinping makes a toast during a welcome banquet for the Belt and Road Forum in Beijing (Photo: Reuters/Wu Hong).

Author: Editors, East Asia Forum

In Beijing yesterday, Chinese President Xi Jinping hosted a global summit on his Belt and Road Initiative under the aegis of the National Development Reform Commission’s (NDRC) China Center for International Economic Exchanges (CCIEE), NDRC’s top think tank. This is part of a massive exercise in international diplomatic communication.

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Will Australia follow the Belt and Road?

Chinese Vice Premier Zhang Gaoli delivers a speech at the Belt and Road Forum in Beijing (Photo: Reuters/Kenzaburo Fukuhara).

Author: James Laurenceson, ACRI

Australia’s reluctance to participate in China’s Belt and Road Initiative (BRI) harks back to its slow entry into the Asian Infrastructure Investment Bank (AIIB). But this time it may be Australian state governments that push the federal government over the line, rather than decisions made by other countries.

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Can the Belt and Road Initiative resurrect a liberal international order?

People take pictures in front of a ‘Golden Bridge on Silk Road’ installation, set up ahead of the Belt and Road Forum, outside the National Convention Centre in Beijing, China 11 May 2017 (Photo: Reuters/Stringer).

Author: David Vines, Oxford University

China’s Belt and Road Initiative (BRI) offers a huge opportunity. It is true that there are risks. But it is clear what we should do. We should welcome the initiative with open arms and engage with it. Read more…

To what extent can China influence North Korea?

China's Foreign Minister Wang Yi speaks at a UN Security Council meeting on the situation in North Korea, New York City, 28 April, 2017 (Photo: Reuters/Stephanie Keith).

Authors: He Fan, Peking University, and Xingjie Sun, Jilin University

China is increasingly expected to be the key player in disarming North Korea. In several media interviews and on Twitter, US President Donald Trump has repeatedly expressed his view that China holds sway over North Korea. The question is to what extent. Read more…

India’s demonised demonetisation

Demonstrators try to cross a police barricade during a protest organised by India's main opposition Congress party against demonetisation, in Agartala, India, 17 February, 2017 (Photo: Reuters/Jayanta Dey).

Author: Rajiv Kumar, Pahle India

Since the November 2016 announcement that demonetised 86 per cent of India’s currency in circulation, Rs 5,400 crore (US$837 million) of undisclosed income has been detected. Critics will surely latch on to this rather measly figure to declare that demonetisation has palpably failed in expropriating owners of ‘illegal money’. Such criticism would only further display the inherent ideological bias and politically-motivated opposition of these critics. Read more…

Timor-Leste’s worrying economic future

Timorese students shout slogans during a protest in front of the Australian embassy in Jakarta, Indonesia, 24 March 2016. (Photo: Reuters/Beawiharta).

Author: Damien Kingsbury, Deakin University

Timor-Leste is a country increasingly able to stand on its own two feet. At least, that is the sense within Timor-Leste. Read more…

Trump’s economic plan would be hostage to the almighty dollar

US President Donald Trump looks up while hosting a House and Senate leadership lunch at the White House in Washington, DC, US, 1 March 2017. (Photo: Reuters/Kevin Lamarque).

Author: Warwick McKibbin, ANU

The best indicator of the Trump administration’s economic agenda can be gleaned from candidate Trump’s ’Contract with America’. That Contract suggests that President Trump has a right-wing agenda on social, environmental and immigration policy and a left-wing agenda on trade and economic policy. Read more…