IDEAS home Printed from https://ideas.repec.org/a/sae/intstu/v61y2024i2p170-184.html

Understanding China’s Grand Strategy through the Belt and Road Initiative

Author

Listed:
  • Gadde Omprasad

Abstract

China’s transition from a country striving for self-reliance in the 1950s to the world’s dominant power in the 2020s is remarkable. The economic and foreign policies it followed during various phases of development helped the country to achieve the targets and goals that it set up for itself. The ambitious Belt and Road Initiative by President Xi Jinping to rebuild old Silk routes and to build new connectivity projects containing road, rail and sea transport corridors are a part of China’s Grand Strategy of achieving self-sufficiency of up to 70% in advanced technology sectors by 2025 and reaching a preeminent position in the world by 2049. This includes protecting security interests as well as the flow of energy resources required for a steady progress. The article provides an overview of China’s progress and plans from Mao’s regime to Xi Jinping’s presidency. In the process, it explains China’s changed priorities, interests and how foreign policy changed according to the changing economic policies.

Suggested Citation

  • Gadde Omprasad, 2024. "Understanding China’s Grand Strategy through the Belt and Road Initiative," International Studies, , vol. 61(2), pages 170-184, April.
    • Handle: RePEc:sae:intstu:v:61:y:2024:i:2:p:170-184
    DOI: 10.1177/00208817241247665
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/00208817241247665
    Download Restriction: no
    File URL: https://libkey.io/10.1177/00208817241247665?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mr. Eswar S Prasad, 2004. "China's Growth and Integration into the World Economy: Prospects and Challenges," IMF Occasional Papers 2004/006, International Monetary Fund.
    2. Muhammad Khalil Khan & Imran Ali Sandano & Cornelius B. Pratt & Tahir Farid, 2018. "China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development," Sustainability, MDPI, vol. 10(11), pages 1-20, November.
    3. repec:imf:imfops:2004/006 is not listed on IDEAS
    4. Justin Yifu Lin, 2015. ""One Belt and One Road" and Free Trade Zones¡ªChina's New Opening-up Initiatives," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 10(4), pages 585-590, December.
    5. Ding Lu & Shandre Thangavelu & Qing Hu, 2005. "Biased Lending and Non-performing Loans in China's Banking Sector," Journal of Development Studies, Taylor & Francis Journals, vol. 41(6), pages 1071-1091.
    6. Jia Hepeng, 2004. "The Three Represents Campaign: Reform the Party or Indoctrinate the Capitalists?," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 261-275, Fall.
    7. repec:gig:chaktu:v:39:y:2010:i:2:p:39-68 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Badibanga, Thaddee & Diao, Xinshen & Roe, Terry & Somwaru, Agapi, 2009. "Dynamics of structural transformation: An empirical characterization in the case of China, Malaysia, and Ghana," IFPRI discussion papers 856, International Food Policy Research Institute (IFPRI).
    2. Muhammad, Tufail & Ni, Guohua & Chen, Zhenling & Mallek, Sabrine & Dudek, Marek & Mentel, Grzegorz, 2024. "Addressing resource curse: How mineral resources influence industrial structure dynamics of the BRI 57 oil-exporting countries," Resources Policy, Elsevier, vol. 99(C).
    3. Yanzhe Zhang & Xiao Yu & Jian Zhang & Bowen Zou, 2020. "Evaluation of the Obstacles to Developing the Aynak Copper Mine in Afghanistan," Sustainability, MDPI, vol. 12(4), pages 1-13, February.
    4. Tölö, Eero & Virén, Matti, 2021. "How much do non-performing loans hinder loan growth in Europe?," European Economic Review, Elsevier, vol. 136(C).
    5. Li, Yuan & Bolton, Kierstin & Westphal, Theo, 2016. "The effect of the New Silk Road railways on aggregate trade volumes between China and Europe," Working Papers on East Asian Studies 109/2016, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    6. Foroughfard, Rasoul & Rahmati, Mohammad, 2019. "The Effect of Relationship Lending on Loan Contract Terms," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(2), pages 133-157, April.
    7. Katarzyna Mazur-Kajta & Leszek Karczewski, 2020. "Polish Perceptions of the Belt Road Initiative Research among Managers in Opole Voivodeship," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 833-847.
    8. Xiaochang Chen & Xiaojun Liu & Wei Yu & Anran Tan & Chang Fu & Zongfu Mao, 2019. "Association between Cross-Cultural Social Adaptation and Overseas Life Satisfaction among Chinese Medical Aid Team Members (CMATMs) in Africa," IJERPH, MDPI, vol. 16(9), pages 1-11, May.
    9. Zunaira Khadim & Irem Batool & Muhammad Bilal Lodhi, 2021. "China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan," Logistics, MDPI, vol. 5(2), pages 1-15, June.
    10. Wenlang Zhang & Gaofeng Han & Brian Ng & Steven Chan, 2015. "Corporate Leverage in China: Why has It Increased Fast in Recent Years and Where do the Risks Lie?," Working Papers 102015, Hong Kong Institute for Monetary Research.
    11. Shalendra D. Sharma, 2014. "Shadow Banking, Chinese Style," Economic Affairs, Wiley Blackwell, vol. 34(3), pages 340-352, October.
    12. Trien Le & Amon Chizema, 2011. "State ownership and firm performance: Evidence from the Chinese listed firms," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 2(2).
    13. Mengting Fan & Zan Mo & Huijian Fu & Tsung-Hsien Wu & Zili Chen & Yue He, 2024. "Does climate policy uncertainty matter for bank value?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-28, April.
    14. Aislu Taisarinova & Giuseppe Loprencipe & Madina Junussova, 2020. "The Evolution of the Kazakhstani Silk Road Section from a Transport into a Logistics Corridor and the Economic Sustainability of Regional Development in Central Asia," Sustainability, MDPI, vol. 12(15), pages 1-20, August.
    15. Shuo Wang & Junnian Song & Xian’En Wang & Wei Yang, 2019. "The Spatial and Temporal Research on the Coupling and Coordinated Relationship between Social Economy and Energy Environment in the Belt and Road Initiatives," Sustainability, MDPI, vol. 11(2), pages 1-18, January.
    16. Mingchun Cao & Ilan Alon, 2020. "Intellectual Structure of the Belt and Road Initiative Research: A Scientometric Analysis and Suggestions for a Future Research Agenda," Sustainability, MDPI, vol. 12(17), pages 1-40, August.
    17. Ullah, Atta & Pinglu, Chen & Ullah, Saif & Qaisar, Zahid Hussain & Qian, Ningyu, 2022. "The dynamic nexus of E-Government, and sustainable development: Moderating role of multi-dimensional regional integration index in Belt and Road partner countries," Technology in Society, Elsevier, vol. 68(C).
    18. Liu, Chunyan & Uchida, Konari & Yang, Yufeng, 2014. "Controlling shareholder, split-share structure reform and cash dividend payments in China," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 339-357.
    19. Liu, Chunyan & Uchida, Konari & Yang, Yufeng, 2012. "Corporate governance and firm value during the global financial crisis: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 21(C), pages 70-80.
    20. Jian Zhang & Meixia Ren & Xin Lu & Yu Li & Jianjun Cao, 2022. "Effect of the Belt and Road Initiatives on Trade and Its Related LUCC and Ecosystem Services of Central Asian Nations," Land, MDPI, vol. 11(6), pages 1-18, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:intstu:v:61:y:2024:i:2:p:170-184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.