23.11.2015
China’s One Belt and One Road (OBOR) initiative, which envisages the
deeper integration of Asia, Russia, Europe, the Middle East and Africa is
gaining further international attention, according to Spanish researcher
Augusto Soto, the founder of the Dialogue with China Project media platform.
“Following recent attacks in Paris, Turkey, Lebanon and Sinai together
with an increase of terrorist activity in several countries included in or
bordering OBOR’s space, sophisticated technical, diplomatic and defense factors
are bound to influence the initiative and its absolute significance,” Soto
remarks in his article for Strategic Culture Foundation.
The researcher stresses that the China-led initiative again came into
focus during both the APEC summit in the Philippines and the G20 summit in
Turkey.
According to Soto, Beijing is seeking to play a more active role in
global affairs, insisting that the OBOR initiative will help the Eurasian
region to ensure stability and security.
He quotes China’s Vice Finance Minister, Zhu Guangyou, who said during
the G20 summit in Antalya: “It will be of important economic and political
significance for us to ensure the sustainable, balanced and strong economic
growth, and also deliver on the UN pledge that by the year 2030 poverty should
be eradicated worldwide, because we believe this will eliminate the soil that
breeds terrorism.”
…
Recession, economic imbalance and income inequality, let alone Europe’s
ongoing refugee crisis, may create new difficulties, the researcher warns.
However, the China-led project is likely to provide the nations with an
opportunity to bolster development and overcome longstanding recession.
“In spite of some reasonable but mainly unfair criticism of the
initiative, each of the EU leaders visiting China over the last weeks has made
explicit commitments to actively participate in OBOR. Not bad, taking into
account that even growing clearly at less than 7% a year, China is likely to
become the largest overseas investor by 2020. Then its global offshore assets
are expected to reach $20 trillion,” Soto underscores.
…
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