Suisheng Zhao - China’s New Global Strategy: The Belt and Road Initiative (BRI) and Asian Infrastructure Investment Bank (AIIB), Volume I

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China's New Global Strategy

Rising as a global power and regarding the existing world order unjust and unreasonable enough to meet the interests of both itself and other emerging powers, China has demanded reform to global governance, and taken new initiatives using its new quotient of wealth and influence to draw countries into its orbit. This comprehensive volume focuses on the two most important of these initiatives: the Belt and Road Initiative (BRI), launched in 2013 to strengthen Chinas connectivity with a large part of the world through infrastructure and economic development; and the Asian Infrastructure Investment Bank (AIIB), created in 2015, which represented Chinas effort in the reconstruction of the international development rules. This book explores how these two initiatives are central to Chinas emerging global strategy.

The authors examine Chinas geopolitical and geo-economic motivations and domestic political dynamics in launching these two initiatives. They also investigate the responses from the major foreign partners involved in both initiatives. This book will be of great interest to students, academics and researchers of Chinas emerging global strategy. It comprises articles originally published in the Journal of Contemporary China.

Suisheng Zhao is Professor and Director of the Center for China-US Cooperation in the Josef Korbel School of International Studies at the University of Denver, USA, and founding editor of the Journal of Contemporary China.

China's New Global Strategy

The Belt and Road Initiative (BRI) and Asian Infrastructure Investment Bank (AIIB), Volume I

Edited by
SuishengZhao

First published 2020
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN

and by Routledge
52 Vanderbilt Avenue, New York, NY 10017

Routledge is an imprint of the Taylor & Francis Group, an informa business

Introduction, Chapters 1-9, 11-12 2020 Taylor & Francis

Chapter 10 2018 Hong Liu and Guanie Lim. Originally published as Open Access.

With the exception of Chapter 10, no part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. For details on the rights for Chapter 10, please see the chapter's Open Access footnote.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN13: 978-0-367-32149-9

Typeset in Myriad Pro
by Newgen Publishing UK

Publisher's Note
The publisher accepts responsibility for any inconsistencies that may have arisen during the conversion of this book from journal articles to book chapters, namely the inclusion of journal terminology.

Disclaimer
Every effort has been made to contact copyright holders for their permission to reprint material in this book. The publishers would be grateful to hear from any copyright holder who is not here acknowledged and will undertake to rectify any errors or omissions in future editions of this book.

Contents

1. PART I
   Geopolitics and Geo-economic Motivations behind the BRI/AIIB
2. PART II
   China's Domestic Politics and the BRI
3. PART III
   Responses from Foreign Partners

1. PART I
   Geopolitics and Geo-economic Motivations behind the BRI/AIIB
2. PART II
   China's Domestic Politics and the BRI
3. PART III
   Responses from Foreign Partners

Guide

The following chapters were originally published in the Journal of Contemporary China. When citing this material, please use the original page numbering for each article, as follows:

Chapter 1

Motivation behind Chinas One Belt, One Road Initiatives and Establishment of the Asian Infrastructure Investment Bank
Hong Yu
Journal of Contemporary China, volume 26, issue 105 (May 2017) pp. 353368

Chapter 2

The One Belt One Road and the Asian Infrastructure Investment Bank: Beijings New Strategy of Geoeconomics and Geopolitics
Kevin G. Cai
Journal of Contemporary China, volume 27, issue 114 (November 2018) pp. 831847

Chapter 3

Beyond Balancing: Chinas approach towards the Belt and Road Initiative
Weifeng Zhou and Mario Esteban
Journal of Contemporary China, volume 27, issue 112 (July 2018) pp. 487501

Chapter 4

Could Belt and Road be the Last Step in Chinas Asian Economic Integration?
Cheng King and Jane Du
Journal of Contemporary China, volume 27, issue 114 (November 2018) pp. 811830

Chapter 5

Strategic Reassurance in Institutional Contests: Explaining Chinas Creation of the Asian Infrastructure Investment Bank
Zheng Chen and Yanchuan Liu
Journal of Contemporary China, volume 27, issue 114 (November 2018) pp. 795810

Chapter 6

Chinas Silk Road Economic Belt Initiative: Network and Influence Formation in Central Asia
Jeffrey Reeves
Journal of Contemporary China, volume 27, issue 112 (July 2018) pp. 502518

Chapter 7

The Domestic Politics of the Belt and Road Initiative and its Implications
Baogang He
Journal of Contemporary China, volume 28, issue 116 (March 2019) pp. 180195

Chapter 8

Overseas Port Investment Policy for Chinas Central and Local Governments in the Belt and Road Initiative
Jihong Chen, Yijie Fei, Paul Tae- Woo Lee and Xuezong Tao
Journal of Contemporary China, volume 28, issue 116 (March 2019) pp. 196215

Chapter 9

Regional Responses to Chinas Maritime Silk Road Initiative in Southeast Asia
Shaofeng Chen
Journal of Contemporary China, volume 27, issue 111 (May 2018) pp. 344361

Chapter 10

The Political Economy of a Rising China in Southeast Asia: Malaysias Response to the Belt and Road Initiative
Hong Liu and Guanie Lim
Journal of Contemporary China, volume 28, issue 116 (March 2019) pp. 216231

Chapter 11

Myanmars Role in Chinas Maritime Silk Road Initiative
J. Mohan Malik
Journal of Contemporary China, volume 27, issue 111 (May 2018) pp. 362378

Chapter 12

Deconstructing the China- Pakistan Economic Corridor: Pipe Dreams Versus Geopolitical Realities
Jeremy Garlick
Journal of Contemporary China, volume 27, issue 112 (July 2018) pp. 519533

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