China’s Accidental Belt and Road Turns Six | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
July 01, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JULY 01, 2025
China’s Accidental Belt and Road Turns Six

World+Biz

Salvatore Babones, Foreign Policy
07 September, 2019, 02:15 pm
Last modified: 07 September, 2019, 03:10 pm

Related News

  • China’s support sought on loan relief, investment and dev: Fakhrul on recent visit
  • Pakistan, China eye new bloc replacing SAARC
  • Taiwan VP says will not be intimidated after Czech says China planned physical intimidation
  • China's May industrial profits slip back into sharp decline
  • Legacy Footwear eyes Tk36.6cr boost in annual revenue from China export deal

China’s Accidental Belt and Road Turns Six

The initiative that almost wasn’t still isn’t

Salvatore Babones, Foreign Policy
07 September, 2019, 02:15 pm
Last modified: 07 September, 2019, 03:10 pm
China’s Accidental Belt and Road Turns Six

China’s all-embracing Belt and Road Initiative—its master plan for reorienting the economic networks of Afro-Eurasia around a Chinese core—turns six this week. Belt and Road is ubiquitous; it’s everywhere China is, and then some. But it almost never was.

The first half of the Belt and Road formula, the Silk Road Economic Belt, was accidentally launched in 2013 in Kazakhstan. The second half, the 21st-Century Maritime Silk Road, was created to assuage the jealousies of countries such as Indonesia and Sri Lanka that felt left out of the first. Neither was much more than a public relations gimmick, but both have captured the world’s imagination like no other foreign-policy program since the Marshall Plan has.

The Belt and Road hoopla all got started on the steppes of Central Asia, in a place the Russian tsars called Akmolinsk, the place of snowy graves. The Bolsheviks gave it the more optimistic name of Tselinograd, the city of virgin lands. Newly independent Kazakhstan made the city it's capital and renamed it Astana, which is Kazakh for, well, “capital.” Then, this March, when independent Kazakhstan’s one and only post-Soviet president stepped down after 30 years in power, his acting successor immediately proposed renaming the capital after his predecessor. And so the capital city got another new name: Nur-Sultan, which also means “Sultan of Light” in Kazakh.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

As if having a city named after you weren’t enough, the former president also has his namesake Nazarbayev University, founded in 2010 to be the country’s flagship institution of higher education. And so when in September 2013 China’s new president, Xi Jinping, made his first get-to-know-you spin around the countries of the former Soviet Union, he popped in at Nazarbayev University to pay his respects.

There he delivered a speech with the typically communist title “Promote Friendship Between Our People and Work Together to Build a Bright Future.” Given the location of the speech at the heart of Central Asia, Xi naturally enough framed his comments around the idea of the ancient Silk Road. In what must have seemed like a throwaway line at the time, he proposed the resurrection of an economic belt along the Silk Road, to be fostered by increasing people-to-people ties.

To be sure, Xi devoted only a few sentences of his Sept. 7 speech to this generic plea for neighbourly relations. He said nothing about the prospect of Chinese financing or a grand plan for the resurrection of Chinese dominance. China’s Ministry of Foreign Affairs didn’t even issue a press release.

That’s hardly the stuff of a major policy announcement. But international commentators in countries such as Russia, Pakistan, Afghanistan, and even France seized on the idea of China’s new Silk Road, so much so that the state news agency Xinhua itself seems to have been taken by surprise. The day after Xi’s speech, Xinhua reacted with a 551-word piece with the self-explanatory headline “Xi’s speech on China-Central Asia ties catches global attention.”

Apparently turned on to the fact that the catchphrase “Silk Road economic belt” was getting good press, the Communist Party’s China Daily picked it up and started using it in its coverage of the speech. Even so, a week later, the Ministry of Foreign Affairs still had nothing to say about it.

By the time Xi made his next international trip three weeks later, this time to Southeast Asia, the “new Silk Road” script was in place. The ten countries of the Association of Southeast Asian Nations (ASEAN) were hungry for investment. Xi was ready to offer it. In an Oct. 2, 2013, speech to the Indonesian parliament, Xi proposed the creation of a Maritime Silk Road of the 21st century.

Even that speech devoted just 100 out of 3,200 words on the latest Silk Road. He did raise the concrete prospect of an Asian Infrastructure Investment Bank, which would go on to fund many of the projects that became part of the Belt and Road Initiative, but he seemed equally concerned about promoting the expansion of the China-ASEAN free trade area.

It took more than a year for the new Silk Road idea to grow from a foreign-policy meme into a full-fledged foreign-policy doctrine. China’s first tangible financial commitment, the $40 billion Silk Road Fund, was launched on Nov. 8, 2014, and China’s State Council finally unveiled framework principles for the Belt and Road on March 28, 2015. The Asian Infrastructure Investment Bank opened at the end of 2015, with $100 billion in capitalization.

China wants all of its neighbours, near and far, to join the initiative, but it’s not clear just what that means in practice. China’s foreign-policy doctrines are full of face-saving and face-enhancing but ultimately empty declarations. Before Belt and Road, the Chinese diplomatic term of art was the “comprehensive strategic partnership”—many close US allies, including Australia and the United Kingdom, are, in theory, and by declaration, comprehensive strategic partners of China.

In 2014, Germany went one step further, agreeing an “all-round strategic partnership” with China, whatever that means. One of its declared goals is for Germany to work toward upgrading the relationship between China and the European Union from the merely comprehensive strategic partnership (declared in 2003) to an all-round strategic partnership. After that, they might be able to shoot for an all-weather strategic partnership. Like the Belt and Road Initiative, which the Australian state of Victoria has joined (in defiance of its own national government), these are all fairly empty distinctions.

Unlike far-flung Germany and Australia, Pakistan is nominally considered a crucial transit country linking the initiative’s overland Belt with its maritime Road. The key bit of infrastructure bridging the two is the 800-mile Karakoram Highway over the Khunjerab Pass, which connects western China’s remote Xinjiang province to mountainous northern Pakistan and, ultimately, the Chinese-owned Gwadar Port on the Arabian Sea.

Brought under Chinese control in 2013, Gwadar was later subsumed into the Belt and Roadmaster plan and now features prominently on most of the initiative’s maps. When China took control, Gwadar had three docking berths, no highway link, and no rail links, although plans were announced for the construction of 150 additional berths. Six years later, Gwadar still has three docking berths, no highway link, and no rail links. And it is not exceptional. China’s Asian Infrastructure Investment Bank, launched with great fanfare in 2016 to address the continent’s “daunting infrastructure needs,” actually disbursed less than $1 billion in its first three years of operation.

That tells you just about everything you need to know about the Belt and Road Initiative: It’s still little more than a public relations ploy, consisting mainly of the repackaging of previously announced projects, many of them on hold or years behind schedule. In that, it resembles nothing so much as the United States’ own all-but-forgotten New Silk Road initiative, announced in 2011 and briefly resurrected by the Trump administration in 2017. The fact is that trade and investment flow where the money is, and the money hasn’t been in Central Asia for 500 years. No amount of press coverage is going to change that.

Salvatore Babones is an adjunct scholar at the Centre for Independent Studies in Sydney and an associate professor at the University of Sydney. 

Top News / Global Economy

Belt and Road Initiative / China

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    Bangladesh to continue talks as US trade demands go against global norms
  • The image captured protesters of the student-led uprising storming Ganabhaban holding Bangladesh's national flag after former prime minister Sheikh Hasina fled the country. Photo: KM Asad-AFP/Getty Images
    1 July: Govt, political parties to hold events throughout today
  • Chief Adviser Muhammad Yunus and US Secretary of State Marco Rubio. Photos: Collected
    Rubio calls Yunus, discusses economic ties as US tariff negotiation goes on

MOST VIEWED

  • Representational image. Photo: UNB
    After 58 yrs, Ctg getting two new govt schools
  • Showkat Ali Chowdhury, the chairman of Eastern Bank Limited (EBL). File photo
    Bank accounts of Eastern Bank chairman, his family frozen
  • A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake
    Chevron to resume Jalalabad gas project after Petrobangla clears $237m dues
  • Representational image. Photo Mumit M/TBS
    Tariff renegotiation in power sector a disaster for investors: Chinese Enterprises Association
  • Bangladesh Bank. File Photo: Collected
    Banks to remain open for transactions till 6pm today
  • NBR Office in Dhaka. File Photo: Collected
    NBR officers should captain revenue authority, businesses tell finance adviser

Related News

  • China’s support sought on loan relief, investment and dev: Fakhrul on recent visit
  • Pakistan, China eye new bloc replacing SAARC
  • Taiwan VP says will not be intimidated after Czech says China planned physical intimidation
  • China's May industrial profits slip back into sharp decline
  • Legacy Footwear eyes Tk36.6cr boost in annual revenue from China export deal

Features

Illustration: TBS

Ulan Daspara: Remnants of a fishing village in Dhaka

14h | Panorama
Photo: Collected

Innovative storage accessories you’ll love

1d | Brands
Two competitors in this segment — one a flashy newcomer, the other a hybrid veteran — are going head-to-head: the GAC GS3 Emzoom and the Toyota CH-R. PHOTOS: Nafirul Haq (GAC Emzoom) and Akif Hamid (Toyota CH-R)

GAC Emzoom vs Toyota CH-R: The battle of tech vs trust

1d | Wheels
Women farmers, deeply reliant on access to natural resources for both farming and domestic survival, are among the most affected, caught between ecological collapse and inadequate structural support. Photo: Shaharin Amin Shupty

Hope in the hills: How women farmers in Bandarban are weathering the climate crisis

1d | Panorama

More Videos from TBS

Trump denies reports of aid to Iran

Trump denies reports of aid to Iran

20m | TBS World
Committee led by DC-UNOs to set up polling stations cancelled

Committee led by DC-UNOs to set up polling stations cancelled

11h | TBS Today
What is the reason behind Russia's refusal to go to war against Israel?

What is the reason behind Russia's refusal to go to war against Israel?

12h | Others
BNP Blamed by Parties as Reforms Lag

BNP Blamed by Parties as Reforms Lag

12h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net