Join us in the stunning Playfair Library on either Friday 24th or Saturday 25th August for this combined exhibition and fashion show. Discover elegant, enduring and electrifying Qipao fashion, Shanghai Style, through the ages and
The new Silk Road also reflects geopolitical ambitions; it shows how the Chinese leadership wants to shape the order of an area that represents more than half the world. Thus, to underestimate the importance of the belt and road plan would be a strategic mistake.
Not surprisingly, a project of this scale and ambition raises questions: Are the terms really attractive and transparent enough for foreign companies?
Can local populations be convinced that these projects are in their interest, despite in many cases having minor local input? Can China allay suspicions that, besides pouring concrete onto roads and into ports, the initiative might also mean very concrete political influence?
Attempts by European delegates at the Belt and Road Forum in May to raise these concerns and offer ideas for solutions have yet to be addressed. European diplomats confess And yet, the belt and road is too important to be ignored by Europe, or the US. The basic idea behind it is completely convincing: This is a challenge for all countries along the Silk Road, and at its other end in Europe.
Without stronger respect for WTO procurement rules, the initiative risks becoming a vehicle for more protectionism, with SOEs as gatekeepers in third markets, and only foreign firms willing to accept preset conditions — such as forced technology transfer — being let in.
This is a positive development for both China and Europe. However, it is not quite the globalisation we are used to. For Europe, globalisation is open, market-oriented, based on and enforced by treaties equally applicable and negotiated by all, ensuring the free flow of goods and services, information and ideas.
What would globalisation with Chinese characteristics mean? A system where all roads lead to Beijing? Where informal new formats, with all outcomes orchestrated by China, sidestep formal negotiated treaties? Where economic favours are granted by informal bilateral arrangements, to be withdrawn in case of a hiccup in bilateral ties?
One, partner with China to close development gaps, while reinforcing the open, transparent and non-hierarchical world order, as seems to be working with the AIIB.
Two, Europe could offer its own concept to act as another friendly pole with the power to attract. Local content — that is, maximum participation by local labour, local companies and local products — could be the signature of connectivity, European-style.
Open tenders where the best offer wins, hopefully through a bid from the country where the project is built, would be another.
Labour safety, environmental standards and fair and sustainable financing would be a third. Like China, we need a narrative that is highly attractive across political, ideological and cultural divides.
We think you'd also like Thank youYou are on the list. This article appeared in the South China Morning Post print edition as: Europe, US cannot afford to ignore the belt and road.Michael Clauss says Europe must dial in to the China-led infrastructure project, given its massive scope and impact, and seek to bring to the table as an added draw its trademark focus on local.
The Confucius Institute for Scotland in the University of Edinburgh has been set up with Sino-Scottish government backing, to promote the teaching of Chinese language and culture in Scotland.
The Institute offers Chinese language courses, courses on various aspects of contemporary China, and individually tailored courses for professionals.
The English word "China" is first attested in Richard Eden's translation of the journal of the Portuguese explorer Duarte Barbosa. The demonym, that is, the name for the people, and adjectival form "Chinese" developed later on the model of Portuguese chinês and French chinois.
Portuguese China is thought to derive from Persian Chīn (), which may be traced further back to Sanskrit. The China-bashing trade hawk was said to have been sidelined from discussions with a Chinese delegation. Opioid addiction in the United States has reached epidemic proportions, threatening not only public health but economic output and national security.
U.S. President Donald Trump accused Germany on Wednesday of being a "captive" of Russia due to its energy reliance, before a NATO summit where he pressed allies to more than double defense spending.