Updated on May 08, 2021 21:35:38

 

'China's BRI ultimate instrument of economic blackmail'

Web Admin

Web Admin

5 Dariya News

08 Aug 2020

For the Chinese Communist Party (CCP), determined to shape the world in its own image without a shot being fired, the Cold War never ended 30 years ago as it aims to make China the number one global power, says a scholarly new work that traces how the party has been relentlessly going about the reshaping. To this end, the Bridge and Road Initiative (BRI) is the ultimate instrument of economic blackmail through which Beijing is changing the post-war international order, the book says."Hidden Hand - Exposing How the Chinese Communist Party is Reshaping the World" by renowned academics Clive Hamilton and Mareike Ohlberg, comes with a chilling caveat: While it focuses on the "what, why and how of the CCP's influence, interference and subversion" in North America and Western Europe, the party's "enterprise is geared towards reordering the entire world, and that while the form varies, the experience of the West is very similar to that of countries around the globe"."It's hard to think of any nation that has not been extensively targeted, from Samoa to Ecuador, from the Maldives to Botswana," Hamilton, an Australian academic and author, and Ohlberg, a senior fellow in the Asia Program of the German Marshall Fund, write.The book notes that while analysts on both sides of the Atlantic continue to agonise over whether to label China an opponent or even an enemy, "the CCP decided this matter thirty years ago. In the post-Soviet world, it saw itself surrounded by enemies that it needed to defeat or neutralise".While the CCP and its supporters in the West like to speak of a 'new Cold War' being waged against China, the Party itself has all along been engaged in an ideological struggle against 'hostile forces'. "For the CCP, the Cold War never ended," the book says, adding: "The reshaping of alliances and the remoulding of the way the world thinks about it are essential to the Party securing continued rule at home, as well as to its reach and eventually making China the number one global power."Ignorance, say the authors, explains some of the difficulty the West is having in coming to grips with the threat of the CCP, as does the fact that it has not previously had to contend with such an adversary."During the Cold War, no Western country had a deep economic relationship with the Soviet Union. 

Conscious of the economic and strategic importance of China, many nations are trying to get smarter about the country at the very time Beijing is pouring money" into helping the world to "better understand" China, the book says - and points to the BRI as a major example of this.Terming China the "world's master practitioner of the dark arts of economic statecraft" the book says the BRI "is the ultimate instrument of economic statecraft or, more accurately, economic blackmail".This is because it provides an outlet for China's construction industry and enormous capital reserves, while at the same time supplying the investment needs of other countries that are short of capital and excluded from mainstream sources of finance. The offer of low-interest loans is hard to resist, especially when they come without environmental or other conditions, the book says.However, the objectives of the BRI, also known as the New Silk Road, "go well beyond providing an outlet for surplus Chinese capital or helping poorer nations develop; the initiative is Beijing's primary mechanism for reor

 

Tags: Book

 

 

related news

 

 

Photo Gallery

 

 

Video Gallery