How China Builds the Credibility of the Belt and Road Initiative.

Despite persistent skepticism towards the Belt and Road Initiative (BRI), many countries have signed on to the program and even more countries have come to believe in its transformative potential to development finance and the global order. How has the illiberal Chinese government succeeded in convi...

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Publicado en:Journal of Contemporary China Vol. 30; no. 131; pp. 734 - 751
Autor principal: Deng, Yong
Formato: Artículo
Publicado: Taylor & Francis Ltd Sep2021
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: How China Builds the Credibility of the Belt and Road Initiative.
      aug:
        au: Deng, Yong
        affil: U.S. Naval Academy, USA
      su:
        Belt & Road Initiative
        Economic infrastructure investing
        Infrastructure policy
        Foreign investments
        Economic conditions in China, 2000-
        Chinese economic policy
        Twenty-first century
      sug:
        subj:
          Belt & Road Initiative
          International Trade Financing
          Economic infrastructure investing
          Infrastructure policy
          Foreign investments
          Economic conditions in China, 2000-
          Chinese economic policy
          Twenty-first century
      ab: Despite persistent skepticism towards the Belt and Road Initiative (BRI), many countries have signed on to the program and even more countries have come to believe in its transformative potential to development finance and the global order. How has the illiberal Chinese government succeeded in convincing the world, particularly the Global South, about its commitment and BRI's future success? Exploring the credibility puzzle, this article argues that the Xi Jinping administration has relied on an all-in strategy tying the BRI to China's national development and foreign policy, promoting the BRI through select international institutions, and launching a series of flagship mega-projects. With mounting sustainability challenges on both economic and geopolitical fronts, however, the BRI now has to scale back its ambitions while China reevaluates its strategic opportunity.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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