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China’s Global Goal

America’s unilateral policies to safeguard American interest first impelled china to organize its resources to face-lift and restructure the world order to contain American hegemony or make it more challenging to implement. Therefore, China has effectively reacted to the neo-liberalism crisis and embraced effective measures in redefining and re-orienting globalizing practices by, amongst several things giving a new substitute model of shared growth for joint benefits via its Belt and Road Initiative (BRI). BRI is a massive effort to provide an alternative route for progress in developing countries pursuing persistent approaches and models to advance their economies while securing and safeguarding their sovereignty, political decisions, and lifestyles in an extensively hegemonic, western-focused world. China is poised to assume the global leadership mantle as its strong economic performance has become an inspiration source to even industrialized nations in Europe. Fairless (2021) asserts that the struggle between America and China for universal impact has landed in Europe’s courageous industrial backwoods, where China is firmly co- choosing local economies establishing its rail network. 

Fairless (2021) highlights that china overtook America as the EU’s biggest trading partner who is primarily driven by Europe’s appetite for Chinese medicinal equipment and electronics amid the COVID-19 epidemic. Progressively those merchandises are incoming in Europe via the new trade passageway comprising of railways, airport centers, and seaports constructed with Chinese financing through BRI. Through the growing impact on worldwide organizations like Asian Development Bank (ADB), the IMF, World Bank, China emphasizes its worldwide economic vision by constructing institutions and financing institutions like BRICS and AIIB. Also, China is engaging actively in existing worldwide institutions like WTO, UNSC, and the IMF to better protect its national interests. Hence china’s obligation to taking responsibility for intuition building, for example, establishing a multi-lateral bank AIIB for securing and providing financing for BRI projects, commenced in cooperation with American allies such as European countries. Thus, this shows its readiness to offer alternative resources to impoverished countries and push the World Bank towards investing more in infrastructural programs well past the quotidian backing of institutional-reform plans.

 Fairless (2021) further states that America is worried that China might substitute the western-centered financial system with BRI and AIIB, the pivots to a China-based global economic system. Americans have accused China of using BRI to trap developing nations in debts that the Chinese government has denied. The BRI has raised long-deserted rust-belt towns in regions like Belgium, Duisburg, Liege, and Germany.  Fairless (2021) states that as a result of Europe-china trade links, the number of cargo trains operating between China and Europe in 2020 surpassed 12,400, fifty percent more than in 2019 and seven-time more than 2016 as per Chinese experts. Train demands have risen that fright firms have launched a lottery system to assign space. The World Bank approximates that BRI can enhance trade by more than ten percent for nations along the route.

Liege and Duisburg are both parts of the BRI because it seemed in infrastructure, Europe is more embracing of China’s poise and expertise. This is evident in Duisburg, where trade with China has led to a new rail terminus partly constructed by China’s Cosco Shipping Holdings Company will assist in expanding China’s commerce more to than one hundred trains weekly. The rail line’s velocity likened with the sea route, provides a resourceful substitute for manufacturers of fresh or time-sensitive, high-worth cargoes like electronics. Likewise, JD.com Inc, a Chinese internet giant, collaborates with Duisburg harbor to export European manufacturing and consumer products to China (Fairless, 2021). Therefore, such attractive elements of China’s BRI leverage it to reinforce its economic integration with European nations. Hence BRI is perceived by America as china’s strategic endeavors to foster its soft image as a resourceful actor in a universal field via a joint model of economic and social achievement that respects the independence of and the equality amongst countries.

 China is improving its commercial footprints in European nations through a win-win outcome with its BRI. Fairless (2021) states that Liege, a Belgian town, partially agonized the decline in steel because of low-cost competitors in China. Alibaba, a Chinese e-commerce firm, invested in the city its European hub, the airfreight volumes rose to fifty percent in two years. Also, Alibaba is investing $119 million in building a logistics center at Liege airport through the BRI as a part of the pact with the Belgian territory of Wallonia (Fairless, 2021). Chinese exports to the EU have also increased sixty-three percent over a year, whereas imports from Europe rose to thirty-three percent. The West has expressed mixed reactions to suspicions over the explicit intentions of BRI. Fairless (2021) indicates that tensions exist as American officials warned German representatives concerning China’s strategies to enlarge its actions in Duisburg. In Portugal, where Chinese firms are contemplating constructing a container harbor terminal, the American ambassador cautioned that Portugal must decide between American and China.

In conclusion, this article illustrates how china’s BRI is interwoven with geo-economics and geopolitical goals established to supersede western globalization, control America’s worldwide dominance, and reinforce china’s impact internationally as a superpower. However, from China’s viewpoint, BRI is a win-win result that will prompt a new globalization phase and will offer a new mechanism to economic and industrial development via infrastructural growth and regional connectivity.