Xi Jinping touts China as ‘alternative to US-led world order’. Can Beijing overcome the headwinds?

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Xi Jinping touts China as ‘alternative to US-led world order’. Can Beijing overcome the headwinds?

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China's Xi Jinping is hosting The Third Belt and Road Forum at the Great Hall of the People in Beijing. The Belt and Road initiative is Xi's brainchild in creating a ‘sweeping alternative to the US-led world order’, this time backed by Russian President Vladimir Putin.

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Sayantani Biswas

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China's Belt and Road Initiative has led to significant investments in infrastructure projects worldwide, but it faces growing concerns about its economic sustainability, environmental impact, and its role as the world's largest debt collector.

Over 140 countries, including those in West Asia and even the Taliban, have participated in the Belt and Road Initiative's commemoration, marking its tenth anniversary.

Russia and China emphasize their desire for equal and mutually beneficial cooperation, including respect for diverse civilizations and each state's right to its own development model, in contrast to calls for greater promotion of human rights and political freedoms.

Xi Jinping has been actively positioning China as an alternative global leader to the United States, particularly as the U.S. seeks to reduce its reliance on Chinese labor and looks toward countries like India in South Asia.

China's Belt and Road Initiative, which envisions a new approach to global security and development, has gained support from Russian President Vladimir Putin, who sees it as contributing to a more multi-polar world.

Despite China's efforts to project strength internationally, it faces domestic challenges such as a slowing economy, high unemployment, and recent political shake-ups within the Communist Party.

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10

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18

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2023

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12

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China’s Belt and Road forum

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https://www.livemint.com/news/world/xi-jinping-touts-china-as-alternative-to-us-led-world-order-can-beijing-overcome-the-headwinds-11697633224697.html