China's Global Rebalancing and the New Silk Road

Description

This collaborative volume​ discusses the One Belt One Road, or the New Silk Road, initiative of Chinese President Xi Jinping from the perspectives of the Belt and Road countries. This initiative has been viewed as a re-globalization drive by China in the backdrop of financial crisis of the West and the latter’s increasingly protectionist tendencies of late. Rather than ‘rebalancing’ towards a certain region, this is supposed to be China’s ‘global rebalancing’ aimed at inclusiveness and a win-win partnership. The initiative has raised hopes as well as suspicions about China's goals and intentions; that is, whether this is in sync with China’s foreign policy goals, such as multipolarity, no hegemonic aspirations, and common security, or if this is an antidote to the U.S. foreign policy goals in the region, and China’s ambition to realizing its long-term vision for Asian regional and global order. In this volume, a galaxy of eminent academics from India, China, Pakistan, Uzbekistan, Germany and Southeast Asia have critically analysed every aspect of this mammoth project, including the six major economic corridors identified by China for policy coordination, infrastructure connectivity, unimpeded trade, monetary circulation, and people to people exchanges. The authors have interpreted China’s peripheral, regional as well as global diplomacy both over land and sea. This topical volume is of interest to scholars and students of Asian studies, China studies, Asian history, development studies, international relations and international trade. Front Matter ....Pages i-xiii China’s Global Rebalancing: Will It Reshape the International Political and Economic Order? (B. R. Deepak)....Pages 1-12 Front Matter ....Pages 13-13 Silk Road Cultures and the Silk Road Economic Belt (Jingkui Jiang)....Pages 15-22 Silk Road and Civilizational Connections Between India and China: Role of the Buddhist Scholar Monks (B. R. Deepak)....Pages 23-32 Front Matter ....Pages 33-33 The ‘Belt and Road’ Initiative: Fundamental Principles, Content, and Significance for Sino-Indian Relations (Jianxue Lan)....Pages 35-41 ‘Belt and Road’ Initiative: Building a China–South Asian Security Community (Xiaoping Yang)....Pages 43-50 Bangladesh, China, India, Myanmar Economic Corridor (BCIM-EC): Security Dilemma Rider to Regional Economic Integration (B. R. Deepak)....Pages 51-68 The China–Pakistan Economic Corridor (CPEC): A Game Changer for Pakistan’s Economy (Ahmad Rashid Malik)....Pages 69-83 China–Pakistan Economic Corridor (CPEC): Regional Cooperation in the Wider South Asian Region (Siegfried O. Wolf)....Pages 85-100 China–Mongolia–Russia Economic Corridor: Opportunities and Challenges (Sharad K. Soni)....Pages 101-117 Contemporary Central Asia: Balancing Between Chinese and Trans-Asian ‘Silk Road’ Diplomacy (Mirzokhid Rakhimov)....Pages 119-128 India’s Silk Road Strategy: Can It Meet China’s Belt and Road Initiative? (Ajay Patnaik)....Pages 129-138 ‘One Belt-One Road Initiative’ and ASEAN Connectivity: Synergy Issues and Potentialities (Bruno Jetin)....Pages 139-150 Front Matter ....Pages 151-151 21st Century ‘Maritime Silk Road’ and Sino-Indian Maritime Cooperation (Guoxing Ouyang)....Pages 153-165 The Clash of Interests: Issues of the US Pivot to Asia and China’s Maritime Silk Road (Williams Lawrence S. Prabhakar)....Pages 167-180 ‘One Belt, One Road’: China, US and the Emerging Hegemonic Struggle in Asia (Chintamani Mahapatra)....Pages 181-190 Interrogating Competing Claims in South East Asia: The South China Sea or the West Philippine Sea (Reena Marwah)....Pages 191-204 Front Matter ....Pages 205-205 Dealing with the Risks of the Belt and Road Initiative (Yiwei Wang)....Pages 207-225 Emerging International Order and China’s Role (Honggang Wang)....Pages 227-246 Back Matter ....Pages 247-253