Monday, June 1, 2015

The “One Belt, One Road” Strategy and China’s Energy Policy in the Middle East

By Xuming Qian | Research Fellow - Shanghai International Studies University

MEI – Asia Project | May 20, 2015

The genesis of the “One Belt, One Road” strategy—also known as the Belt and Road Initiative—can be traced to three noteworthy public events that occurred in rapid succession in the latter part of 2013. On September 7, in a speech delivered at Kazakhstan’s Nazarbayev University, Chinese President Xi Jinping proposed building the Silk Road Economic Belt. Addressing the Indonesian parliament on October 3, he recommended that China and Southeast Asian countries work together to revive the Maritime Silk Road. On October 24-25, at a work forum on “periphery diplomacy” held by the Chinese Communist Party (CCP) in Beijing, Xi stressed that China is committed to forging amicable and mutually beneficial relations with its neighbors, such that they will benefit from Chinese development and China will benefit from a prosperous neighborhood. In this way, the president conceptually linked the notion of the “Chinese dream” to regional development. This conference marked the official birth of China’s “Silk Road strategy.”