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Xinhua News Agency Essay

958 words - 4 pages

Xinhua News Agency unveiled an ongoing feature entitled “New Silk Road, New Dreams.” The series promises to “dig up the historical and cultural meaning of the Silk Road, and spread awareness of China’s friendly policies towards neighboring countries.” The first article [Chinese] was titled “How Can the World Be Win-Win? China Is Answering the Question.”
The Xinhua series promises the clearest look so far at China’s vision for its Silk Road Economic Belt as well as the Maritime Silk Road. One of the most informative pieces released Thursday was a map showing China’s ambitious visions for the “New Silk Road” and “New Maritime Silk Road.” It’s the clearest vision to date of the scope of ...view middle of the document...

The maps of the two Silk Roads drive home the enormous scale of the project: the Silk Road and Maritime Silk Road combined will create a massive loop linking three continents. If any single image conveys China’s ambitions to reclaim its place as the “Middle Kingdom,” linked to the world by trade and cultural exchanges, the Xinhua map is it. Even the name of the project, the Silk Road, is inextricably linked to China’s past as a source of goods and information for the rest of the world.
China’s economic vision is no less bold than the geographic vision. According to the Xinhua article, the Silk Road will bring “new opportunities and a new future to China and every country along the road that is seeking to develop.” The article envisions an “economic cooperation area” that stretches from the in Eurasia.
It is pretty clear that g the New Silk Road (both on land and at sea) will bring mutual benefits to countries involved. China has discussed building up infrastructure (especially railways and ports) along the route and the Xinhua article specifically says the vision includes more than simply speedy transportation. China envisions a trade network where “goods are more abundant and trade is more high-end.” Beijing expects the economic contact along the Silk Roads to boost productivity in each country. As part of this vision, China has repeatedly stressed its economic compatibility with many of the countries along the planned route, and offered technological assistance to countries in key industries.
China also envisions the Silk Road as a region of “more capital convergence and currency integration” — in other words, a region where currency exchanges are fluid and easy. Xinhua notes that China’s currency, the Renminbi (RMB), is becoming more widely used in Mongolia, Kazakhstan, Uzbekistan, Vietnam, and Thailand. Yet the article does not call for the Renminbi to...

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