Ding Yifan, China Forum Expert and Deputy Director of China Development Research Center
May 08, 2015
To some extent, the structures of the Asian Development Bank, World Bank, and International Monetary Fund are obsolete: they can no longer meet the needs of new emerging economies and don’t reflect today’s global economy. The AIIB could serve to invigorate the other banks to become more competitive and efficient.
Kemel Toktomushev, Research Fellow, University of Central Asia
May 08, 2015
China’s investment in Central Asian energy and transportation is impressively promoting regional integration. There is still a degree of fear and caution from Central Asian leadership due to incomprehension of Beijing’s foreign policy goals, a historical legacy of confrontation, and the sensitivity of Moscow to recognize the importance of Beijing’s role.
Michael Billington, Asia Specialist, Executive Intelligence Review
Mar 27, 2015
In October 2013, during a visit to Indonesia, Chinese President Xi Jinping announced the launching of the New 21st Century Maritime Silk Road, just one month after announcing the New Silk Road Economic Belt, while on a visit to Kazakhstan. These two initiatives, followed in 2014 by the plan to put together the BRICS New Development Bank and China’s establishment of the Asian Infrastructure Investment Bank that Fall, constitute a new paradigm for mankind.
Wu Jianmin, Former President, China Foreign Affairs University
Mar 26, 2015
The “One Belt and One Road” initiative concerns 65 countries and 4.4 billion people and is China’s most important and strategic initiative. As the Middle East and Europe faces social, political, and economic turbulence, China invites all major economies to join this endeavor to improve infrastructure and trade throughout the world. Increasingly, China’s development is inseparable from the world; and world’s stability and prosperity are inseparable from China.
Chen Xiangyang, Director and Research Professor, CICIR
Mar 23, 2015
The Third Session of the 12th National People’s Congress delivered a “Report on the Work of the Government.” Notable advancement was made in conducting economic diplomacy with the Silk Road Economic Belt, 21st Century Maritime Silk Road initiatives, the Asian Infrastructure Investment Bank, and Silk Road Fund. More significant openness to the outside world and expanded economic diplomacy are priorities of diplomatic work in 2015.
Shen Dingli, Professor, Institute of International Studies, Fudan University
Mar 16, 2015
Though some view the One Belt, One Road strategy as a Chinese version of the Marshall Plan, they are vastly different. Therefore, no single country can dominate its process. There is room to dispel suspicion and build trust by further enhancing transparency of the AIIB institution through reducing China’s shareholding, offering more leadership positions to foreign nationals, and employing international business standards.
Vasilis Trigkas, Onassis Visiting Scholar, Tsinghua University
Feb 12, 2015
A Greek exit from the EU would lead to increased instability in Europe. Yet, it may present opportunity for China, the U.S. EU, and IMF to engage together in a summit to safeguard the stability of the Eurozone and shape a global norm on tax evasion and tax heavens that have adversely affected insolvent states like Greece.
Feb 04, 2015
China's rig HYSY 981 can be considered part of China’s Maritime Silk Road strategy – an attempt to strengthen relationships with ASEAN nations through economic opportunity. But as HYSY 981’s deployment drew controversy in the past, it should instead focus on resource development in less controversial waters for the time being.
Ben Reynolds, Writer and Foreign Policy Analyst in New York
Jan 22, 2015
Strained relations between the Uyghur community in Xinjiang and the Chinese government have led to increasing instability, which hinders China’s larger goals to increase trade with Central Asia and the Middle East. China's New Silk Road strategy may provide an opportunity for the CCP and Uyghur leaders to strike an uneasy bargain, albeit one that can halt the cycle of repression and retaliatory violence.
Yu Yongding, Former President, China Society of World Economics
Jan 06, 2015
Over the past two decades, China’s growth paradigm characterized by investment and driven by exports has run out of steam. A major feature of China’s current economy is overcapacity, especially in the real estate sector. An increase in domestic consumption and infrastructure investment will help continue growth, but the biggest challenge facing China in 2015 is the high corporate debt ratio.