China's 'Belt and Road' Initiative -- Mapping the World's Normative and Strategic Implications

(2018) 52 Journal of World Trade, Issue 1, pp. 163–185

23 Pages Posted: 9 Mar 2018

See all articles by Julien Chaisse

Julien Chaisse

City University of Hong Kong (CityU) - Centre for Chinese & Comparative Law

Mitsuo Matsushita

University of Tokyo

Date Written: February 1, 2018

Abstract

In 2013, Chinese President Xi Jinping announced that he wanted to resurrect the legendary Silk Road; he proposed a titanic project to build hundreds of roads, bridges, and railroads to connect China and Europe. In China, the government also speaks of the ‘Belt and Road initiative’ (One Belt, One Road – abbreviated OBOR) to describe the project that will span more than 50 years. OBOR is President Xi Jinping’s most important project and it marks a radical change in China’s foreign policy as it constitutes a new economic model that also aims to strengthen China’s position as an economic superpower. Despite its major impact on international trade and investment, OBOR does not belong to present-day categories of international pacts and treaties. For the first time in its modern history, China is attempting to export its development model, that is, China is relying on massive investment in infrastructure, roads, ports, and railways, at home and abroad, to accelerate industrial development throughout the region. At a time when the globalization of the economy is tilting the balance towards the East, OBOR will redistribute the maps of trade and investment to an extent which this Article assesses.

Keywords: BRI, Belt and Road, One Belt One Road, OBOR, China, trade, WTO

Suggested Citation

Chaisse, Julien and Matsushita, Mitsuo, China's 'Belt and Road' Initiative -- Mapping the World's Normative and Strategic Implications (February 1, 2018). (2018) 52 Journal of World Trade, Issue 1, pp. 163–185, Available at SSRN: https://ssrn.com/abstract=3134429

Julien Chaisse (Contact Author)

City University of Hong Kong (CityU) - Centre for Chinese & Comparative Law ( email )

83 Tat Chee Avenue
Room P5300, 5th Floor, Academic 1
Kowloon Tong
Hong Kong
(852) 3442 8008 (Phone)
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HOME PAGE: http://https://www.cityu.edu.hk/slw/people/people_chaisse_julien.html

Mitsuo Matsushita

University of Tokyo ( email )

Yayoi 1-1-1
Bunkyo-ku
Tokyo, Tokyo 113-8657
Japan

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