In the autumn of 2013, China’s president, Xi Jinping, first introduced plans for what has become known as the ‘One Belt, One Road’ initiative, the largest integrated international infrastructure project the country has yet undertaken. The plan consists of a land-based economic belt and a string of ports constituting a ‘maritime silk road’, stretching from China’s heavily industrialised east coast, to Nairobi, Moscow, and Rotterdam. When completed, the belt and road will cover 65% of the world’s population, one third of the world’s GDP, and a quarter of all the goods and services the world moves (McKinsey). Needless to say, the scope and ambition of the project are difficult to underplay.
China is no stranger to grandiose building projects. Indeed, much of its rapid economic growth has been predicated on such development. But the ‘One Belt, One Road’ project has the potential not only to bolster continued Chinese domestic growth, but to fundamentally transform the geopolitical landscape of much of the world, influencing China’s economic and political relationships, and bolstering its standing in the international system.
There are various reasons for China to pursue the ‘One Belt, One Road’ project. First, there is a clear economic rationale. China’s growth rate continues to decline from the double-digit leaps of the 1990s and 2000s, as the country transitions from an export-orientated economy to one driven by domestic consumption. As argued by the Centre for Strategic and International Studies, the ‘One Belt, One Road’ project could cushion the effects of economic slow-down while simultaneously encouraging economic regional integration for more balanced and sustainable growth. Not only could this satisfy the country’s immediate economic concerns, but it would also have positive ramifications for the Chinese leadership. Much of the Chinese Communist Party’s (CCP’s) legitimacy is derived from its ability to facilitate economic growth for its people and regain the country’s international standing as a broader part of its ‘peaceful rise’. By allowing continued and balanced economic growth, the ‘One Belt, One Road’ project could consolidate the CCP’s hold on power by addressing the concerns of the wider Chinese population.

By Lommes (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons. Image courtesy of Lommes.
China’s approach to infrastructure diplomacy is not without its risks. Historically, when the economic interests of states are compromised by a conflict over infrastructure, the situation is rarely resolved amicably. The Suez Canal Crisis in 1956 highlighted the links between infrastructure, economics and foreign policy, and demonstrated that states will readily use military intervention when their key economic interests are at stake. Even the United States, which was vocal in criticising the imperial overtones of British and French military intervention over the Suez Canal, used military power of its own in Panama when it perceived the neutrality of the Panama Canal (and thus its associated economic interests) to be threatened. Clearly, international disputes regarding infrastructure and trade have the potential to escalate into military conflicts. China’s ‘One Belt, One Road’ project―which will pass through and involve a large number of states―potentially poses far greater geopolitical challenges than either the Suez or Panama canals, and will therefore require deft and skilful Chinese diplomacy if similar conflicts are to be avoided.
In many ways, the ‘One Belt, One Road’ project may serve as the ultimate challenge for Chinese policy-makers in the 21st century. It will test not only the limits and sustainability of China’s economic growth, but also test its soft power strategy across the world. China’s decision to rely on flexible trade policies instead of binding agreements requires dexterous diplomacy, the results of which will both shape and define the true reach of its soft power and influence. Whatever the outcome of the ‘One Belt, One Road project’, it will provide a useful measure of Beijing’s capabilities and a valuable insight into the scope of China’s intentions. The project will also provide an indication of whether China’s rise will continue to be peaceful when its economic interests are at stake.
Image courtesy of Werner Bayer (Own work) [CC0 1.0] via Flickr