Europe casts a wary eye on China's Silk Road plans

The $1 trillion project is billed as a modern revival of the ancient Silk Road that once carried fabric, spices, and a wealth of other goods in both directions. Known in China as “One Belt One Road”, the plans will see gleaming new road and rail networks built through Central Asia and beyond, and new maritime routes stretching through the Indian Ocean and Red Sea.

Depending on who you ask in Europe , China 's colossal East-West infrastructure programme is either an opportunity or a threat ─ and when French President Emmanuel Macron visits next week, Beijing will be watching to see how keen he is to jump on board.
Since China launched the New Silk Road plan in 2013, the hugely ambitious initiative to connect Asia and Europe by road, rail and sea has elicited both enormous interest and considerable anxiety.
“It's the most important issue in international relations for the years to come, and will be the most important point during Emmanuel Macron's visit,” said Barthelemy Courmont, a China expert at French think-tank Iris.
The $1 trillion project is billed as a modern revival of the ancient Silk Road that once carried fabric, spices, and a wealth of other goods in both directions.
Known in China as “One Belt One Road”, the plans will see gleaming new road and rail networks built through Central Asia and beyond, and new maritime routes stretching through the Indian Ocean and Red Sea.
Beijing will develop roads, ports and rail lines through 65 countries representing an estimate 60 per cent of the world's population and a third of its economic output.
Macron, who heads to China for a three-day state visit on Sunday, will notably be accompanied by some 50 company chiefs keen to do business with the Asian powerhouse.
So far France has been cautious on the Silk Road plan, but Courmont said Chinese leaders were “waiting for a clear position” from Macron at a time when they view the young leader as an “engine” for growth in Europe .
“If Macron takes a decision on how to tackle the Chinese initiative, all of Europe will follow,” Courmont predicted.
But, as Courmont acknowledges, Europe is divided on what to make of China 's ambitions.
The continent could potentially benefit handsomely from increased trade over the coming decades, but in some corners there is suspicion that it masks an attempted Beijing influence grab.
“They are notably asking themselves about the geopolitical consequences of this project in the long-term,” Alice Ekman, who covers China at the French Institute of International Relations, said of France and Germany.
In Central and Eastern Europe the programme has been met with altogether more enthusiasm, given the huge infrastructure investment that China could bring to the poorer end of the continent.
“Some consider the awakening of China and Asia as a threat,” Hungary's Prime Minister Viktor Orban told a summit in Budapest in November which gathered China with 16 Central and Eastern European countries.
“For us, it's a huge opportunity,” he said, with Beijing using the summit to announce three billion euros of investment in projects including a Belgrade-Budapest railway line.
Bogdan Goralczyk, director of the Centre for Europe at the University of Warsaw, noted there were divisions even within eastern Europe , with Poland hesitant due to its right-wing government's “strong anti-communist stance”.
Others to the west have made little effort to hide their concern.
Former Danish premier Anders Fogh Rasmussen fretted in a column for Germany's Zeit newspaper that “Europe will wake up only when it's too late, and when swathes of central and eastern Europe 's infrastructure are dependent on China .”
The former Nato chief noted that Greece ─ a major recipient of Chinese largesse ─ had in June blocked an EU declaration condemning Chinese rights abuses.
It came just months after Athens' Piraeus port, one of the biggest in the world, passed under Chinese control.
Germany, Europe 's biggest economy, is favourable to Chinese investment, but has reservations. “If we do not develop a strategy in the face of China , it will succeed in dividing Europe ,” Foreign Minister Sigmar Gabriel warned in August.
France is meanwhile seeking to “rebalance” relations with China during Macron's trip, according to his office ─ eyeing a trade deficit of 30 billion euros, its biggest with any partner.
“Our Chinese partners would prefer a win-win situation. Why not? On the condition that it's not the same party that wins twice,” French Foreign Minister Jean-Yves Le Drian said Thursday.
“It is not France's intention to block China ,” he said.
“But we should establish a partnership based on reciprocity when it comes to the opening of markets.”

COMMENTS

Name

Accident Adventure Agriculture Airport Animals Army Arson Article automobile Banks belief birds Bureaucracy BUSINESS Calamity celebration charity Child trafficking civic Clash Climate collapse Commerce Communication Corruption Court Crime crimes culture currency Cyber crime Defence Department Development Development And Industry Diplomacy disaster Drugs Earthquake Economy Education Election Electricity Embassy Employment Energy Entertainment Environment Excavation Execution exhibition Explosion export Family Famine Fashion felciation festival Finance fire flood Food/Agriculture food/health Foreigners Forests fraud Freight Fuel FUNERAL Hajj handicapped HANG Health Hiousing History Hotel Human Rights Infotainment int International internationl journalist Judiciary justice Kashmir KIDNAPPING labour Landslide language Lawyers Legislation Leisure lightning literature Local Manifesto Media Migrants Minorities MIRACLE mis mishap mishaps Money Laundering Moon Murder n NAB Narcotics National Nature obituary Petroleum Pilgrims Police POLITICS pollution poverty power Prison prisoners Probe project Properties Protest Railway Religion relion Rescue Rivalry Science Security Sentence Services shemales Sikh Community smoking smuggling Social Social Media Social Welfare Space sports strike Students Suicide Suicide Attack Taxation Technology telecom Terrorism Tourism Trade Trade Union Traditions Training transgender Transport Travel Tyranny Vacancies vehicle vendetaa Visa water Weapons weather wedding woman Women Working class youth
false
ltr
item
South Punjab News : Europe casts a wary eye on China's Silk Road plans
Europe casts a wary eye on China's Silk Road plans
The $1 trillion project is billed as a modern revival of the ancient Silk Road that once carried fabric, spices, and a wealth of other goods in both directions. Known in China as “One Belt One Road”, the plans will see gleaming new road and rail networks built through Central Asia and beyond, and new maritime routes stretching through the Indian Ocean and Red Sea.
https://4.bp.blogspot.com/-cZZ2P8NluR0/WlJiD0JpNKI/AAAAAAAAsNU/pcRUXB3gN6MUdT2xcIS00l9UP_olfplJwCLcBGAs/s400/train.jpg
https://4.bp.blogspot.com/-cZZ2P8NluR0/WlJiD0JpNKI/AAAAAAAAsNU/pcRUXB3gN6MUdT2xcIS00l9UP_olfplJwCLcBGAs/s72-c/train.jpg
South Punjab News
http://www.southpunjabnews.com/2018/01/europe-casts-wary-eye-on-chinas-silk.html
http://www.southpunjabnews.com/
http://www.southpunjabnews.com/
http://www.southpunjabnews.com/2018/01/europe-casts-wary-eye-on-chinas-silk.html
true
949454145819430215
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy