Sanskriti TrivedyAIR 17 · CSE 2024 · 173 wordsTheir whole copy
Opening
China's rise after its slumber has been seen to usher the cold war 2.0 between China & USA specially post 2008 financial crisis.
Body · points and prose
Implications for international routes & economic relations
China aims to increase markets for its goods and thus through its BRI-OBUR plan aims to have wider reach.
It aims to bypass its Malacca dilemma - the fear that USA will block Malacca.
It aims to circle Indian ocean through string of pearls to ensure control on sea lanes of communication.
Chinese belligerence in South China Sea leads to nervous trade in ASEAN countries.
Energy security is threatened as presence in oil rich countries like Oman.
The BRI project in itself is
- discriminatory
- loss making
- no benefits to locals Thus protests as seen in Gwadar.
- Chinese ports and connectivity are called debt traps as it aims to have territorial control once countries can't pay (eg) Montenegro.
Close · a way forward
Countries have to come together to seek answers from China and ensure value based fair trade.