CHINA REFUTES CONCERNS OVER ITS BELT AND ROAD INITIATIVE

BEIJING: China has refuted reports that its ambitious Belt and Road Initiative (BRI), launched by President Xi Jinping, is aimed at expanding and strengthening Beijing’s political influence and military presence.

A US think tank called C4ADS has said its research has shown that BRI is not driven by the aim of economic cooperation and “win-win” development for all the countries involved, but is solely propelled by China’s interests. A separate European Union report carried by German business daily Handelsblatt said diplomats have warned that BRI projects planned across Europe are “counter to the EU agenda for liberalising trade” and push the “balance of power in favour of subsidised Chinese companies”.

According to the daily, the report was signed by the Beijing envoys of 27 of the 28 EU member states, with the lone holdout being Hungary. The BRI is Xi’s multi-billion dollar legacy project and aims to connect China with Eurasian countries through a network of infrastructure projects such as ports and highways.

India has kept away from BRI despite Beijing’s efforts to convince New Delhi about its benefits. India has cited sovereignty issues and the lack of transparency in multiple projects that make up the initiative. The US think tank analysed 15 Chinafunded projects under BRI and concluded it is aimed at expanding China’s influence. Beijing has dismissed those claims.

“The BRI is about economic cooperation, and the core concept of the initiative is to promote common development by advancing connectivity in infrastructure and other fields,” foreign ministry spokesperson Hua Chunying was quoted as saying by official Xinhua news agency.

“The initiative has gained support from more than 100 countries and international organisations, with more than 80 of them signing cooperation agreements with China,” she said.

Hua noted this worldwide support “would never have been impossible were the initiative not adapted to the trend of the times and beneficial to people of various countries”, Xinhua reported.