Trump just gave China what it wanted for its new Silk Road: a credibility boost from the US

Posted by DanielS on Monday, 15 May 2017 10:30.


QZ, “Trump just gave China what it wanted for its new Silk Road: a credibility boost from the US”, 15 May 2017:

China’s “new Silk Road” initiative aims to link the economies of Asia, Europe, the Middle East, and Africa—but Beijing would really like the US to get on board.

Also called “One Belt, One Road” (OBOR), the initiative involves expensive infrastructure projects—led by Chinese state-owned companies—in dozens of nations. The US has much to offer, and as part of a trade deal (paywall) with China announced last week, the Trump administration agreed to send one of its top Asia experts, Matthew Pottinger, a National Security Council official, to a two-day OBOR summit just completed in Beijing.

His presence amounted to a nod from the US. Recent pieces in China’s state-controlled media hint at why that’s so important to Beijing:

“Under the current international framework, the US is leading international organizations like the United Nations, the World Bank, and the International Monetary Fund,” read a commentary (link in Chinese) in Xiakedao, a WeChat account run by the People’s Daily. “This is like a date, when a girl says yes to dinner and a movie—there will be further development possibilities.”

It goes on:

“It’s estimated that $1.7 trillion would be required for annual infrastructure investments on nations involved in OBOR, but the three [funding] institutions involved—the Asian Infrastructure Investment Bank, the New Development Bank, and the Silk Road Fund—only have capital totaling $240 billion. The US can help advocate OBOR in key fundraising areas.”

The US can also help deal with “security and geopolitical challenges” in the implementation of OBOR, noted a commentary in the Global Times. For instance, India has some issues with the China-Pakistan Economic Corridor, an OBOR land-corridor project (with a $46 billion investment from China) that partially runs through contested territory in Kashmir.

The commentary said:

“Washington’s participation in the Belt and Road initiative will have knock-on effects, encouraging its allies to see the initiative from a more rational and objective perspective, and thus help win Beijing and its infrastructure projects more international understanding and influence.”

The US economy will also benefit from OBOR, suggested Chinese state media.

The US should be “a stakeholder in the initiative,” read a column in the Global Times, as joining it would “deliver benefits to American companies and help increase job opportunities within the country.”

America “has a lot to gain by participating in the Belt and Road,” said an opinion piece in the People’s Daily. It should “embrace China’s progress in regional integration and seize the opportunity.”

The presence of Pottinger no doubt cheered Beijing, which had difficulty luring top leaders to the summit—of the 64 OBOR nations that could have sent their heads of state, only 20 chose to do so.

Read next: Your guide to understanding OBOR, China’s new Silk Road plan



Comments: None.



Post a comment:


Name: (required)

Email: (required but not displayed)

URL: (optional)

Note: You should copy your comment to the clipboard or paste it somewhere before submitting it, so that it will not be lost if the session times out.

Remember me


Next entry: Brescia: Historical Bastion of Italian Nationalism
Previous entry: Just two domain names stand between world and global ransomware chaos

image of the day

Existential Issues

DNA Nations

Establishment Problem

Categories

Links

Endorsement not implied.

Immigration

Islamist Threat

Anti-white Media Networks

Audio/Video

Crime

Economics

Education

General

Historical Re-Evaluation

Controlled Opposition

Nationalist Political Parties

Science

Europeans in Africa

Of Note

Comments

Witgenstein: A Wonderful Life (1989) commented in entry 'The Ontology of Mind: The Gödelian Argument' on Wed, 24 May 2017 13:33. (View)

Authorities were warned about Abedi commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Wed, 24 May 2017 13:22. (View)

Katie Hopkins looks Kosher commented in entry ''Western man, stand up for your wives, daughters', Kate Hopkins tweet investigated as inciting hate' on Wed, 24 May 2017 07:55. (View)

A miserable lie in Whalley Range commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Wed, 24 May 2017 06:36. (View)

Amber Rudd: American leaks "irritating" commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Wed, 24 May 2017 05:30. (View)

Update on Manchester commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Wed, 24 May 2017 05:25. (View)

DanielS commented in entry 'Social Rules: a deeply important philosophical matter beyond scientistic treatment of emergence' on Wed, 24 May 2017 04:16. (View)

Salman Abedi of sect opposed to Gaddafi commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Wed, 24 May 2017 03:49. (View)

Guessedworker commented in entry 'Social Rules: a deeply important philosophical matter beyond scientistic treatment of emergence' on Wed, 24 May 2017 03:42. (View)

Fox Retracts Seth Rich Story commented in entry 'Seth Rich story massively botted to cover-up Trump's tactless disclosure to Lavrov and Comey firing' on Tue, 23 May 2017 18:00. (View)

Euro commented in entry 'Abnormal: AltRight.com celebrates the Soviet Union's victory and fêtes Russia's imperialist legacy.' on Tue, 23 May 2017 17:26. (View)

Tara McCarthy: dark side of the alt-right commented in entry 'Social Rules: a deeply important philosophical matter beyond scientistic treatment of emergence' on Tue, 23 May 2017 17:25. (View)

DanielS commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 17:16. (View)

Captainchaos commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 16:35. (View)

Weston on the Manchester bombing commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 15:21. (View)

Captainchaos commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 15:05. (View)

Salman Abedi commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 13:37. (View)

DanielS commented in entry 'White Left Imperative to defense, systemic health of European peoples' on Tue, 23 May 2017 11:19. (View)

Guessedworker commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 04:25. (View)

Update on Manchaester Arena attack commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 03:45. (View)

I'm Paul Weston, I am a racist and Islam is... commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 03:26. (View)

Guessedworker commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 02:20. (View)

Bill commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Tue, 23 May 2017 02:12. (View)

Guessedworker commented in entry 'British Police Confirm 22 People Dead After Explosion At Manchester Arena' on Mon, 22 May 2017 23:29. (View)

Saudi seance commented in entry 'Silk Road News: Cui Non Bono?' on Mon, 22 May 2017 14:33. (View)

Trump does the wailing wall commented in entry 'Silk Road News: Cui Non Bono?' on Mon, 22 May 2017 14:04. (View)

Seth Rich's parents commented in entry 'Seth Rich story massively botted to cover-up Trump's tactless disclosure to Lavrov and Comey firing' on Mon, 22 May 2017 13:48. (View)

Rochdale culprits out after lite sentences commented in entry ''What happened to the girls in Rochdale is never far from my mind'' on Mon, 22 May 2017 13:34. (View)

Vincent Law's idiotic, dangerous advice commented in entry 'Fan Mail: Many Jews hate Zionism. Failure to report that makes you a racist, you racist filth.' on Mon, 22 May 2017 10:39. (View)

Isil will get some of Trump's $110 weapons sale commented in entry '"Hillary Clinton & Barack Obama created Isis", says Donald Trump' on Mon, 22 May 2017 09:50. (View)

Sean Urbanski's pair-wise emergence commented in entry 'Social Rules: a deeply important philosophical matter beyond scientistic treatment of emergence' on Mon, 22 May 2017 05:52. (View)

Alyssa Elsman's dad commented in entry 'White Man Goes On Killer Rampage In Times Square' on Mon, 22 May 2017 04:44. (View)

Alyssa Elsman commented in entry 'White Man Goes On Killer Rampage In Times Square' on Mon, 22 May 2017 04:29. (View)

Kushner "of interest" in Meuller's Russian probe commented in entry 'Russian officials bragged they could use Flynn to influence Trump, sources say' on Sun, 21 May 2017 08:58. (View)

"NAACP being overtaken by BLM" commented in entry 'Violence in Dallas: An argument for racial separatism.' on Sat, 20 May 2017 12:51. (View)

affection-tone