China's acquisition of strategic ports globally has significant implications for international trade routes and economic relations. Discuss.
Main Body
China's rise after the slumber has been seen to make the old war 2.0 between China and USA specially post 2008 financial crisis. For: Chinese Guarded Ports (Gwadar, Hambantota, Djibouti, Oman, Sri Lanka) Implications for International Trade and Economic Relations: (1) China aims to increase markets for its goods and thus through US, BRI, OBOR plan aims to have wider reach (2) It aims to bypass its Malacca dilemma – the fear that USA will block Malacca (3) It aims to circle Indian ocean through shipping of pearls to ensure control on sea lanes of communication (4) Chinese ballgame in South China Sea leads to nervous trade in ASEAN countries (5) Energy security is threatened as presence in oil rich countries like Oman
[Continuation of answer] (6) The BRI project rep in itself is discriminatory – using military, loss making, no benefit to weak Guwadar (7) Chinese ports and connectivity are called debt traps as it aims to save destinary until once comes can't pay Hambantoto Counter to Chinese checkbook diplomacy and ports: - IMEC (Corridor to Chinese Checkbook, Airports & Ports) - PGII under G7 have PET - Asian corridor and Africas Countries have to come together to seek answers from China and ensure value ties, Asia trade.
Sanskriti Trivedy
Effect of Policies of Developed/Developing Countries and Indian Diaspora
International Relations
China's Strategic Port Acquisition
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analytical
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