Risk or opportunity? The Belt and Road Initiative and the role of debt in the China-Central Asia-West Asia Economic Corridor

China and Russia issued a joint statement on 8 May 2015 outlining the main approaches to linking the Silk Road Economic Belt (SREB) and the Eurasian Economic Union (EAEU) projects. Both parties believe that to build the ‘Belt and Road’ project, it is necessary to use economic integration laws and actively enhance the role of the Shanghai Cooperation Organisation (SOC) in stimulating regional economic cooperation, promoting construction of the SREB and linkage to and cooperation with the EAEU, creating a Free Trade Area (FTA) in the Asia-Pacific region (APR) and simultaneously begin creating a similar FTA among China, Russia and Central Asia to gradually stimulate interstate trade and promote regional economic development, actively developing—along with an improved model of energy cooperation—infrastructure and related industry and strengthening business contacts and jointly promoting construction of the SREB.

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The Belt and Road Initiative and the Eurasian Economic Union: Exploring the “Greater Eurasian Partnership”

Journal of Current Chinese Affairs ◽

10.1177/1868102620911666 ◽

2020 ◽

Vol 49 (1) ◽

pp. 33-57

Author(s):

Gaziza Shakhanova ◽

Jeremy Garlick

Keyword(s):

Central Asia ◽

Belt And Road Initiative ◽

Local Elites ◽

Eurasian Economic Union ◽

Economic Commission ◽

Silk Road Economic Belt ◽

Belt And Road ◽

Economic Union ◽

The Belt And Road ◽

The Silk Road

The Russian-led Eurasian Economic Union (EAEU) is a key partner in China’s Belt, and Road Initiative (BRI), since it comprises the majority of territories which the BRI’s overland route, the Silk Road Economic Belt, needs to traverse as it crosses Central Asia on the way to Europe. The goal of this article is to explore the BRI in the context of BRI–EAEU coordination. The first part of the analysis focusses on the ways the Eurasian Economic Commission delineates the “Greater Eurasian Partnership” and counterposes it against China and the BRI. Then, the article compares two sets of interpretations of the BRI and “Greater Eurasian Partnership” obtained from interviews with elites in Kazakhstan and Russia. The interviews indicate that the BRI has had a much more forceful impact on local elites than Russia’s idea of “Greater Eurasian Partnership.”

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Research on the Role of Esperanto in Cultural Communication Against the Background of the Belt and Road Initiative

Proceedings of the 4th International Conference on Contemporary Education, Social Sciences and Humanities (ICCESSH 2019) ◽

10.2991/iccessh-19.2019.386 ◽

2019 ◽

Author(s):

Hui Gao

Keyword(s):

Cultural Communication ◽

Belt And Road Initiative ◽

Belt And Road ◽

The Belt And Road

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Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

Business Perspective Review ◽

10.38157/business-perspective-review.v2i2.145 ◽

2020 ◽

Vol 2 (2) ◽

pp. 23-45

Author(s):

Jin-Hui Li ◽

Chol-Ju An ◽

Gwang-Nam Rim

Keyword(s):

Economic Growth ◽

Economic Benefits ◽

Transport Infrastructure ◽

Belt And Road Initiative ◽

Regression Analyses ◽

Belt And Road ◽

Development Levels ◽

The Impact ◽

The Belt And Road

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

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