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Focusing on the needs of economic cooperation among three

geographical connected continents, China initiated one belt and one
road policy in order to bond the huge underdeveloped region in
Central Asia and Middle East regions with the economic developed
European countries and current developing East Asia market, mainly
Chinese economy. One belt policy is aiming to build a roadmap
started with Beijing, which will include most of the big cities in
Central Asia, West Asia, Middle East region, Russia and Europe; one
road policy, on the other hand, will connect the sea route along with
all the ports from west coast of China all the way through South
Pacific Ocean, India Ocean and coast of Africa to Europe. AIIB was
established as a financial tool to facilitate the Chinas policy
initiative, which is expected to bring huge amount of Chinese
investment into those areas. The ultimate goal of this policy is to
eliminate all the trade barriers across all these regions with an
advance business model.

Since 2010, Chinas economy growth has begun to stagnate even

started to decrease due to the insufficient domestic demand. In

terms of continued economic growth in China, the one belt and one
road policy provides the alternative solution to resolve the
unemployed issues in domestic market. In the meanwhile, China led
AIIB will also be expected to provide most of the financial support to
the member countries. The circulation of RMB currency inside the
region will increase rapidly, and help to stabilize the regional
currency system.

2015 3 12

3 31
29 2015
21
30 3795.94

While the AIIB began to open for funding membership, American

and Japan empathized on the conflict of interest to participate in
both AIIB and ADB, standing firmly against the AIIB initiative.
However, Britain first expressed its view to support on the AIIB and
further delivered the application to AIIB sectarian in May 12. After

breaking the silence by Britain, not only European countries, but

also many Asian countries that have close relations with American
submitted their application to AIIB so as to be the funding members.

1990

The Chinese Dreams Come True in Middle East?

---Policy Brief on One Belt, One Road

Background
Xis Chinese Dream: Only Economic Cooperation or Geopolitical
Influence?
Policy Merits: The Dual Route of One Belt, One Road
Policy Goals
Domestic: Continued Economic Growth
International: Free Trade Zone and Currency Swap
Main Principle of Chinas Foreign Policy
To be a Global Problem Saver
No intervention principle vs. Investment Protection
Existing Blocks
Arbitral Financial standards: loose review lending system
Cooperation with regional leaders: unstable situation with complex
sectarian conflicts
Rising of Non-state
Balancing the competition with big powers
Conclusion: From ambitious Dreams to Practical Strategies

Balancing the competition with big powers

While the US involvement in Middle East is waning after its role in
Asian Pacific pivoted in, the financial support of One Road, One
Belt policy served as the supplement to fill the absence of world
power. Yet the policy would initiate the huge changes of the power
balance in the region, posing the direct threat not only to US, but
also to Russia, India and other regional powers, even though the
policy goal is focusing on economic cooperation rather increasing
Chinas geopolitical influences. If successful, the ambitious policy
would stretch Beijings influence into Eurasia integration, which
likely to put more pressure on USs hegemony power in Middle East,
Russias goal to create a Eurasian Union and Indias efforts to Act
East policies. As China seeks to reshape the world order in which
Beijing could plays the leading role, the ability to work with its
neighbors and global powers would be the important takes for the
leaders.

Since 2010, Beijing have been

would against Beijings future policy and put more challenges to

Chinese leaders so as to solve the competition deadlock with
cooperation between each others.
If successful,