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Assessing the Perspective of the EU and ASEAN on China’s OBOR Initiative
- This study discusses how China’s ‘‘One Belt, One Road” (OBOR) initiative has been received in two different regional contexts: the EU and ASEAN. President Xi Jinping’s Chinese Dream involves expanding the economic and the military capabilities of China globally under the banner of the “China Goes Global” strategy. In line with this strategy, the OBOR initiative proposed by President Xi Jinping encompasses two main components: the land-based “Silk Road Economic Belt” (SREB) and the oceanic “21st Century Maritime Silk Road” (MSR). Historical records show that what became known as the Silk Road was created when Chinese emperors sought to expand their economic power to the Middle East and Central Asia. The fabled Silk Road still projects an image and impacts the world today. How, then, is China trying to extend its strategies amid global and regional uncertainty? For the completion of OBOR, cooperation and engagement with both the EU and ASEAN will be indispensable. These two regional organizations face dilemmas in dealing with China’s position and intentions. ASEAN has been divided on the South China Sea dispute; the EU has been divided as regards China’s OBOR. ASEAN’s concerns related to political and security matters rather than economic factors, whereas the EU’s concern over OBOR involves economic factors.
Chaw Chaw Sein
- Myanmar ISIS
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