ASEAN and China struggle to buckle the belt and road

Description: 

"China’s ambitious Belt and Road Initiative (BRI) continues to draw criticism and disapproval. Its sceptics brand it as China’s Marshall Plan or as a ‘neo-imperial project’. To ensure the initiative’s success, China should heed some of these concerns and take steps to improve the implementation of BRI-related projects. Doing so is particularly important in ASEAN — a region that stands to greatly benefit from BRI investment, if done right. ASEAN is the world’s sixth-largest economy with a total GDP of more than US$2.5 trillion. Economies across the region are growing steadily at an average annual rate of around 5 per cent. Sustaining this growth requires the region to meet its growing infrastructure needs, which are estimated to amount to US$2.8 trillion from 2016 to 2030. China’s BRI is important for ASEAN because it can help to fund and meet the region’s infrastructure needs. It also supports the success of the ASEAN Community Vision 2025 and Master Plan on ASEAN Connectivity 2025 initiatives. A major BRI–ASEAN project is the Pan-Asia Railway Network designed to connect China with Southeast Asia. Its three main railway routes — the eastern, central and western routes — all begin in Kunming, China. The eastern route has a total estimated cost of US$600 million and will pass through Vietnam and Cambodia into Thailand. The central route will pass through Laos, Thailand and Malaysia into Singapore. As a high-speed railway project, it is the most expensive route with an estimated cost of more than US$33 billion. The western route will pass through Myanmar into Thailand and is estimated to cost US$2 billion..."

Creator/author: 

Phidel Vineles

Source/publisher: 

"East Asia Forum" (Australia)

Date of Publication: 

2019-01-26

Date of entry: 

2019-11-23

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China, ASEAN

Language: 

English

Local URL: 

Format: 

pdf

Size: 

36.6 KB (3 pages)

Resource Type: 

text

Text quality: 

    • Good