China In Context
Who still has faith in the Belt and Road Initiative?
Oct 31, 2023
Fraser Howie, a respected independent analyst on China, discusses the Belt and Road Initiative (BRI). The podcast examines the China-Russia relationship, debt issues in BRI, and the implications of recent removals in China's foreign ministry.
14:43
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Quick takeaways
- Russia's strong support for China's Belt and Road Initiative (BRI) suggests a quid pro quo arrangement and a close friendship between Putin and Xi Jinping.
- The declining international presence at the Third Belt and Road Forum indicates growing skepticism and wariness towards the BRI, as countries become more aware of hidden strings attached and the potential costs outweighing the benefits.
Deep dives
China-Russia Relationship and Mutual Support
During the Third Belt and Road Forum for International Cooperation, Vladimir Putin expressed strong support for China's Belt and Road Initiative (BRI) and praised its achievements. This highlights the close friendship between Putin and Xi Jinping, as well as a possible quid pro quo arrangement, where Russia supports the BRI in exchange for China's tacit support over the invasion of Ukraine. Additionally, China and Russia have shown similar rhetorical positions on issues such as the conflict between Israel and Hamas, displaying caution and ambiguity in their responses.
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