Many international think tanks have issued research reports recently, highly affirming the abundant achievements and bright prospects of the China-proposed Belt and Road Initiative and commending the Initiative’s significance to and influence on regional development and global governance.
New Opportunity for Regional Stability & Development
Many think tanks considered that the initiative has provided a new opportunity for advancing regional stability and development.
In December 2018, the Connecting Eurasia: EU-Russia-China-Central Asia round-table conference for strategic dialogue on connectivity was co-hosted by the Russian International Affairs Council and German Council on Foreign Relations.
At the meeting, Fabienne Bossuyt, an assistant professor at Ghent University, focused mainly on how Central Asia and mainland Europe can get better involved in the initiative. In fact, China did want the EU to be actively involved in the initiative. The sustainability of connectivity was the central issue for the EU. If it were not for the initiative, there would be no Euro-Asian connectivity strategy of the EU.
Lowy Institute for International Policy highlighted ASEAN and the initiative in the report. The institute held that geopolitical uncertainty was propelling the more region-based global economy.
New Platform for Global Development Cooperation
The Belt and Road Initiative shapes a new platform for expediting global development cooperation. Through it, China has been sharing development opportunities with countries along the Belt and Road routes and other partners while expanding its global presence, in a bid to have all parties get aboard the express train of China’s development.
In doing so, the initiative promises a new possibility to speed up the establishment of international order that is more fair and reasonable and manifests Chinese wisdom to building a brighter future for all.
A report published at the World Economic Forum held in Switzerland, which highly praises the initiative’s significance to the change in world order, and holds that the initiative is a new regional and globalist action for win-win results. The initiative presents not only new challenges to the management of the global commons as primary trade routes but also a new investment channel that grows together with new institutions like the Asian Infrastructure Investment Bank.
At its recent conference on the Chinese infrastructure projects, CIMB ASEAN Research Institute drew the conclusion that the initiative is important for ASEAN especially given the significant infrastructure needs in the region. It can leverage the existing close China-ASEAN economic relationship as a foundation for greater future collaboration because China has been ASEAN’s largest trading partner for the recent 10 years.
New Common Vision of Mutual Benefit
Since its inception, the Belt and Road Initiative has gained trust and support from a growing number of countries and international organisations. With plenty of key projects and demonstration projects launched in countries alongside, the initiative makes local people feel continuous progress. Meanwhile, many international think tanks have shown confidence in the development prospect of the initiative.
Bruegel, a European think tank specialising in economics, highlighted in a research report that, as more and more EU countries are participating in the initiative and other global cooperation programs, Europe will benefit more and more from the improved transportation infrastructure and upgraded logistics under the initiative, thereby increasingly pushing its trade into a higher gear.
The report also held that the initiative will facilitate the closer connectivity between European economic circle and Asian-Pacific economic circle. The cooperation in infrastructure construction will hold the key to realising the Asia-Europe connectivity. The initiative will further boost the cooperation between developing countries-denominated Asia and economically developed Europe, thereby building a community of shared future featuring mutual benefit and contributing to world peace and development.
NUS Institute of South Asian Studies also showed its optimism in forecasting the prospect of the initiative in its report. The report pointed out that gathering a large number of countries, the initiative has the potential to promote the establishment of a new global economic centre in the Indian Ocean and Pacific Ocean regions, by its numerous cross-border tangible and digital infrastructure projects.