Belt and Road Initiative

April 26 China Daily

At a forum held in New York on Monday, China’s Ambassador to the United States Cui Tiankai invited Washington to join the Beijing-proposed Belt and Road Initiative.

In his words, the initiative, aimed at building infrastructure connectivity, and thus boosting free trade and people-to-people exchanges across Asia, Africa and Europe, is not China’s “solo show.” Rather, it will be a “symphony” performed by all participating countries, the US included if it chooses to join.

The initiative offers a platform for countries to join hands to cultivate fresh impetus for global growth and explore a more sustainable development path together.

However, the US has been suspicious of the initiative, if not openly antagonistic toward it, since President Xi Jinping first proposed reinvigorating the ancient Silk Road trade routes in 2013, with some in the US claiming it is an attempt by China to challenge the US’ global leadership. That is why Washington has refused to join the China-led Asian Infrastructure Investment Bank, which has been established to finance Belt and Road projects.

But such concerns stem from an outdated Cold War view of the world, which tends to pit great powers against each other in a zero-sum game, rather than recognize the plentiful opportunities that exist for win-win cooperation.

The initiative embraces the principles of wide consultation, joint construction and shared benefits, and aims to promote the construction of a fairer global economic governance system. It is open and inclusive, and complements, rather than replaces, the existing international governance mechanisms orchestrated by the US. There is really nothing for the US to take exception to.

Indeed, it has nothing to lose by joining the initiative. Instead, by joining it, the US will be able to secure investment to improve its own outdated infrastructure and reap the benefits of the huge business opportunities that the initiative promises to create. …

Despite their differences, the two countries have already built a resilient relationship featuring extensive cooperation in many areas. If reason prevails, the US should realize that it would be in its own interest to be part of the network of global partnerships that are being formed by the Belt and Road Initiative.