Mains Paper 2: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
The following things are important from UPSC perspective:
Mains level: It is important as the article highlights how China is open and inclusive to cooperation with India on BRI.
China urges India to join BRI
- China on Wednesday counselled India to shed its objections to the China Pakistan Economic Corridor (CPEC) and take advantage of the Belt and Road Initiative (BRI), which had already drawn wide international support.
- China in a veiled reference to India, said the project did not target “third countries” or prejudice China’s position on territorial disputes.
- Also, that CPEC corridor is an economic cooperation.
- China hopes that countries and parties with shared vision will work with us to allow practical cooperation to bring more benefits to our peoples.
- And China is open and inclusive to cooperation involving the BRI.
One Belt One Road Initiative
- It is a development strategy proposed by China‘s paramount leaderXi Jinping to connect China with Central Asia, Europe, Africa and Indo-Pacific littoral countries. He called for the building of a Silk Road Economic Belt and a 21st Century Maritime Silk Road, collectively referred to as One Belt One Road (OBOR).
- This policy has two components:
- Belt– The “One Belt” refers to the land-based “Silk Road Economic Belt”. Here Beijing aims to connect the country’s underdeveloped hinterland to Europe through Central Asia.
- Road – The “One Road” references the ocean-going “Maritime Silk Road”. It is to connect the fast-growing South East Asian region to China’s southern provinces through ports and railways.
- The Belt and Road initiative is geographically structured along 6 corridors.
- The strategy underlines China’s push to take a larger role in global affairs with a China-centered trading network.
- In the past three years, the focuses were mainly on infrastructure investment, construction materials, railway and highway, automobile, real estate, power grid, and iron and steel.