Big Deal For China

The BRI is not just aimed at solving current economic and trade challenges but also it goes to secure the future for China. It is imperative to state that a number of arguments and counter arguments have been made on the critical factors that motivated China to engage in such massive plan. We can broadly see this from the economic, political and technology perspectives.

In terms of economic perspective, China aim at optimizing the excess capacity of it industry and to achieve this, it require access to new markets for which it will be able to sell it products. Linking the least developed provinces in China is another driving economic factor, China aim at using the BRI to link not only the regions of the world, but so as to link it provinces together and then connect it provinces to the global market, thereby enhancing the level of development in the less developed provinces in China. Employment creation is another economic force, given the huge population size of China, for example construction of rail line in member countries is conducted by Chinese firm using Chinese labour.

Political factors is also crucial for china. For example the trade war between China and United States is not only a show of economic strength but that of political strength as well, while the United States is trying to restrict it trading with China due to the cheapness of Chinese products. China aims to increase it trading with other regions of the world, thereby increasing the strength of it political alliance with these countries. This provide a platform for china to promote it political interest and ideology at a global scale. The sea port along the BRI is structured to enable them perform dual functions: economic and military. Thus BRI also will provide China with the opportunity of showcasing and expanding its military intervention globally, thereby increasing it increasing it military and political stance globally.

China also wants to enhance influence in the technology industry, by fostering the acceptance of Chinese standards. A common saying in China is “Third-tier companies make products, second-tier companies make technology and first-tier companies make standards.  The Chinese campaign to market its high speed railway technology is a means of establishing Chinese standard in the sector.

Chinese provinces and Chinese rail construction workers. Source: Wikipedia and Globaltimes
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