The Journey of Belt and Road Initiative before the Third Plenary Session of CCP Central Committee of the 20th CCP Congress
Keywords:
Belt and Road Initiative, China’s foreign policy strategy, Communist Party of ChinaAbstract
This article argues that the reason why Belt and Road Initiative was pushed back to the Opening Up strategy under the Third Plenary Session of CCP Central Committee of the 20th CCP Congress (2022 – 2027) is that the original design of the Belt and Road Initiative during the 18th CCP Congress (2012 – 2017) is for controlling the autonomy of China’s local governments, which have been economically, fiscally and socially independent from the central government according to the Article 107 of the 1982 PRC Constitution. It was after achieving its goal prior to the 19th CCP Congress (2017 – 2022) that Belt and Road Initiative became the full China’s foreign policy strategy as there were 3 Belt and Road Forums convened from 2017 to 2023. However, the Covid-19 crisis revealed the deep causes of Chinese economic problem, which were the shadow banking activities among local banks and local governments. Therefore, the Third Plenary Session of CCP Central Committee of the 20th CCP Congress decided to return Belt and Road Initiative back to the domestic sphere again and occupied Global Development Initiative (GDI), Global Security Initiative (GSI), and Global Civilization Initiative (GCI), which are more suitable for the current competing international politics, to be in charge of China’s foreign policy strategies instead.
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