Council on Foreign Relations Report: U.S. “Inaction” and “Withdrawal” Bolstered China’s BRI

A group of scholars at the Council on Foreign Relations in New York published a critical report today that attributes U.S. “inaction” and “withdrawal” for creating a vacuum in the international arena that China filled with its Belt and Road Initiative.  The authors detailed how cutbacks in U.S. spending on development assistance, 5G technology, and infrastructure development around the world provided Beijing with an opening that it took full advantage of. 

But the authors are also very clear in their recommendation as to how the U.S. government should respond to the formidable challenge that the BRI now presents the United States. “The United States cannot and should not respond to BRI symmetrically, attempting to match China dollar for dollar or project for project,” they said. Instead, Washington should “leverage core U.S. strengths, including cutting-edge technologies, world-class companies, deep pools of capital, a history of international leadership, a traditional role in setting international standards, and support for the rule of law and transparent business practices.

CFR Report: Recommendations For How the U.S. Should Respond to China’s Belt and Road Initiative

  • DEBT RELIEF: “The United States should work to ensure that China lives up to its responsibilities by treating BRI-related claims as official debt and subject to generous restructuring terms in line with other official creditors.”
  • TRANSPARENCY: “China pushes BRI countries to keep their books closed and only discuss renegotiations with China on a bilateral basis. The United States and its partners should insist that China report its loans.”
  • MEDIA: “The United States should devote more resources to funding investigative journalism and civil society in BRI countries, with the aim of providing tools to people that allow them to look into BRI’s lending terms, environmental and economic sustainability, forced displacement of populations, and corruption.”

Read the full report on the Council on Foreign Relations website.

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The post Council on Foreign Relations Report: U.S. “Inaction” and “Withdrawal” Bolstered China’s BRI appeared first on The China Africa Project.



source https://chinaafricaproject.com/2021/03/24/council-on-foreign-relations-report-u-s-inaction-and-withdrawal-bolstered-chinas-bri/

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