US_Strategy_toward_Chinas_BRI_web_1003.pdf

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Silk Road 2.0:
US Strategy toward China’s
Belt and Road Initiative
Gal Luft
Foreword by Joseph S. Nye, Jr.
REVIVING THE SILK ROAD
Announced by Chinese President Xi Jinping in 2013, the Silk Road
initiative, also known as China’s Belt and Road Initiative, aims to invest
in infrastructure projects including railways and power grids in central,
west, and southern Asia, as well as Africa and Europe.
Silk Road 2.0
A US Strategy toward China’s
One Belt, One Road Initiative
Atlantic Council Strategy Paper No. 11
© 2017 The Atlantic Council of the United States. All rights reserved. No part of this publication may be
reproduced or transmitted in any form or by any means without permission in writing from the Atlantic
Council, except in the case of brief quotations in news articles, critical articles, or reviews. Please direct
inquiries to:
Atlantic Council
1030 15th Street, NW, 12th Floor
Washington, DC 20005
ISBN: 978-1-61977-406-3
Cover art credit: Marco Polo’s caravan, from the Catalan Atlas, ca. 1375
This report is written and published in accordance with the Atlantic Council Policy on Intellectual
Independence. The authors are solely responsible for its analysis and recommendations. The Atlantic Council,
its partners, and funders do not determine, nor do they necessarily endorse or advocate for,
any of this report’s particular conclusions.
October 2017
Atlantic Council Strategy Papers
Editorial Board
Executive Editors
Mr. Frederick Kempe
Dr. Alexander V. Mirtchev
Editor-in-Chief
Mr. Barry Pavel
Managing Editor
Dr. Mathew Burrows
Table of Contents
Foreword ...........................................................................1
Executive Summary ..........................................................3
Introduction.......................................................................6
China’s Agenda, the US Response....................................8
The US Response So Far ....................................................10
The Case for Engagement...................................................12
An Opportunity for the Trump Administration ...................14
Reshaping the Conversation on Trade ...............................15
Infrastructure Investment as a Trigger for Global Growth 16
Too Big to Fail? ....................................................................18
The Anatomy of the BRI’s Impact on US Interests .........19
Twenty-First Century Maritime Silk Road (MSR) ...............20
Implications for the United States .....................................21
China-Pakistan Economic Corridor (CPEC) ........................23
Bangladesh-China-India-Myanmar
Economic Corridor (BCIMEC) ..............................................26
China-Indochina Peninsula
Economic Corridor (CICPEC) ...............................................28
China-Central and West Asia
Economic Corridor (CCWAEC) ............................................32
New Eurasian Land Bridge (NELB) .....................................34
China-Mongolia-Russia Economic Corridor (CMREC) .......36

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