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BEIJING, May 12 (Xinhua) -- As the popularity of the Belt and Road (B&R) grows, so do the attendant misconceptions and occasional outright lies.
One of the the most popular myths is that of China's "chequebook diplomacy."
A recent article in the Deccan Chronicle suggested that "China is using 'cheque book diplomacy' to make friends and also acquire real estate in strategically-located foreign lands" as part of the B&R strategy.
The comment comes as China begins to flex its considerable economic muscles and play a more central role in global economic affairs and governance, as it rightly should Cheap Mens Air Max 97 , given its status as the world's second largest economy and a driving force behind world growth.
It is not the first time the phrase has been aired, with Reuters describing the establishment of the Asian Infrastructure Investment Bank in 2015 as the time when "China's chequebook diplomacy came of age," and the Financial Times reporting in 2016 that "China tries chequebook diplomacy in Southeast Asia."
"Chequebook" invokes the feeling of money that can be disposed of at the government's discretion or whim, without any real expectation of a return. In this sense Cheap Womens Air Max 97 , that could describe almost all international aid whereby the haves gift or loan some of their national wealth to the have-nots.
But unlike traditional aid from the West, China seldom gives budgetary support or other forms of monetary donations to foreign governments. Suitcases bulging with cash are not the Chinese way. China prefers to see itself as a country that "teaches men to fish" rather that one which simply dishes up plates of fish and chips.
B&R deals are predominantly cooperation projects, but not grandiose development plans, which with an accompanying nudge and a wink Cheap Air Max 97 , foisted on recipients with a "nanny knows best" attitude. China first finds out what recipient countries need, and then works with those countries to help them, as far as possible, to fulfill their own goals Cheap Nike Air Max Canada , under their own steam, with China's support.
WHERE HAVE ALL THE CRONIES GONE?
Secondly, chequebook diplomacy implies dangling some vague economic benefit in front of a needy country's eyes and expecting to curry diplomatic favor in return.
China is not trying to buy friends.
This is no Marshall Plan.
China does not have a clique of allies to cajole or enemies to coerce. The Belt and Road is open to all. The benefits are open to all. Investment is open to all. What is good for one's neighbor, generally Cheap Nike Air Max Shoes , is good for oneself.
The B&R is not some geopolitical Mexican stand-off. No participating country, for example, has been asked to choose sides. B&R countries cooperate for mutual economic benefit, not to forge alliances Cheap Youth Nike Air Max , nor to separate insiders from outsiders.
NO FREE LUNCH
Finally, chequebook diplomacy is a denial of the profitability of most B&R projects. The B&R is not a philanthropic fiction. It is a sound business project created with the intention of making profits for investors and stake-holders.
Loans and investment are not aid. Loans need to be serviced and repaid. Even policy banks are not inclined to lend money to non-bankable projects.
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22.04.2019 04:28
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