Skip to main content

Clingendael Institute: Silk Road Headlines

Among the news items and analyses from this week, a piece published on Eurasia Review discusses whether China’s impact on the global governance ‘consensus’ is that of a constructive upholder or rather that of a destructive ‘spoiler’, especially in light of the ongoing US withdrawal from multilateral governance on many fronts [Is China Changing Post-war Consensus Or Enhancing It?]. While Beijing’s growing political and economic influence is unquestionably ‘disruptive’ (i.e. change-inducing) for the Western establishment, such disruptions can be read under both a positive and a negative light. If deploying the former, the author suggests, then China’s drive to reform and/or provide alternatives to the Bretton Woods multilateral (development) institutions could play a crucial complementary role to push ‘traditional’ actors to rethink their approach and, eventually, lead to a surge in development aid efficiency which would greatly benefit developing countries. The analysis also argues that, from the Chinese side, President Xi’s now highly likely third mandate could ultimately bolster Beijing’s domestic stability and foreign policy continuity, thereby adding greater predictability to China’s ‘disruptions’ and thus making it less likely to ‘spoil’ the system.

Regardless of the nature of the assessment, it is important to stress the steadily increasing degree of attention paid to China’s global initiatives by the very Western establishment some say China is actively trying to subvert. In this light, a World Bank blog post [Trade Linkages Among Belt and Road Economies: Three Facts and One Prediction]summarising a recent WB report analyses the evolution of trade and production linkages of the economies along China’s flagship connectivity initiative: the Belt and Road Initiative (BRI). The report observes that (1) BRI economies account for an increasing share of world gross exports and (2) they are increasingly involved in global value chains (GVCs), with China itself playing a more central role in said chains. However, many of these economies are still heavily reliant on non-BRI countries for added value in large sectors such as electronics. Thus, the report concludes that the BRI’s impact on global trade flows (especially via infrastructure development-related reduced trade costs) could further expand, provided that it manages to integrate more economies into its own GVCs.

Francesco S. Montesano

This week's Silk Road Headlines

What Mahathir’s Return Means for China and the Region [China US Focus]

Is China Changing Postwar Consensus Or Enhancing It? [Eurasia Review]

“Here There Be Dragons” How Brussels Is Losing Influence In Central & Eastern Europe [Silk Road Briefing]

China's Belt and Road Initiative and aviation [CAPA Centre for Aviation]

Why India is ignoring US sanctions and sticking with Iran [Asia Times]

Opinion: Cpec: A momentum for prosperity [Dawn]

Beijing Mini-summit Restores Nepal BRI Projects to Active Status [HKTDC]

China’s Belt and Road a dilemma for Germany [Asia Times]

Trade Linkages Among Belt and Road Economies: Three Facts and One Prediction [World Bank]

The New Silk Road Project Completes Ferry Crossing, Rotterdam Port Visit[Vagabond Journey]


Popular posts from this blog

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Germany’s Siemens sets up Belt and Road office in Beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…