China’s financing and investment spread across 61 BRI countries in 2023 (up...
2024-02-27 30 英文报告下载
China’s Belt and Road Initiative (BRI) has for years held a prominent position in the global infrastructure investment space. In the absence of similarly far-reaching projects coordinated by other countries including the transatlantic partners, important questions about the BRI’s implications for Europe and America arise. Given U.S.-China competition pulling the EU in two directions and opposing approaches among member states vis-à-vis China amid a globally growing infrastructure investment gap, the need for a liberally motivated1 large-scale infrastructure investment approach is clear.
This alternative model of advancing economic development goals stands in opposition to the BRI’s approach of creating economic dependence on China through massive recipient country debt thereby increasing Chinese geopolitical power. If this need is not addressed, the U.S. and EU would lose narrative power and infuence in shaping the world order while giving way to growing Chinese authoritarian infuence and increasing transatlantic partnership-internal policy incoherence, which could result in weakening the Western alliance. Further risks include greater international appeal of China’s authoritarian governance model, growth in authoritarian political infuence on international standard setting, decline of good governance standards, and security vulnerabilities of critical infrastructure. All of these would be concerning given direct risks and policy challenges created for the EU and the U.S.
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