VertRep

VertRep
Showing posts with label Belt and Road. Show all posts
Showing posts with label Belt and Road. Show all posts

Monday, October 16, 2017

Australia ‘wait and see’ on China's "Belt and Road" Fantasy - ur - Initiative? Akbar's Warning

Interesting piece from the Aussie Lowy Institute's "The Interpreter" Belt and Road: The case for ‘wait and see’
. . . BRI raises bigger questions about the kind of regional economic and security order we would like to see in the Indo-Pacific. It is telling that BRI is organised on a 'hub-and-spokes' model, despite Chinese claims that it is somehow 'multilateral' in form. The 'One Belt' and 'One Road' run back to One Capital – Beijing – and joining BRI would require signing a bilateral memorandum of understanding with China rather signing up to some kind of internationally negotiated, rules-governed, multilateral institution. This speaks volumes about China's ambitions under Xi, particularly the desire for a Sino-centric economic order in which Beijing decides who gets trading and financial privileges from China, and who does not.
Sounds a lot like flypaper.

Or, as Admiral Akbar put it:



It all makes sense if you think of China as the "Middle Kingdom" and the rest of the world as tribute-paying barbarians.