It is just me or some other members here found it is difficult to catch the writers idea?
The author quote:
"It is somewhat ironic that the development strategy advocated by the Washington Consensus, is far more ideologically burdened than the one used by Communist China to reform its own economy."
The writer might want to express that China sometimes made investment into so-called "dictatship", "corrupt" country or any other country that is not in uncle Sam's favor. So the political change in PK would destroy the CPEC? China has witnessed many goverment changes in PK. Each time China-PK always maintain good relationships no matter what changes. So even if current elected goverment lost its power, i believe the new goverment will continue to push CPEC projects.
"To understand the policy motivation behind OBOR, one must realize that China is desperate to maintain its growth momentum, especially with the uncertain outlook for the global economy"
It's true China need foreign market for its economy, but the other side also benefits from Chinese goods and investment. It's a win-win situation. So what's wrong with it?
"For a country trying to downplay the perception that it seeks to challenge the US for global domination, China’s strategy in Asia Pacific is surprisingly aggressive."
The so-called" aggression" of China is not using military forces, but economic ties. Economic ties is a much strong force the military. If the leader of the country in Asia gets full understanding of what US can offer and what China can offer, he would make his wise choice like the President of Philippines did recently.
All in All, the whole article is crab. And by looking into the backgroud of the authors: Mushtaq Khan is Chief Economist at Bank Alfalah and holds a PhD from Stanford University. Danish Hyder is a research associate at Bank Alfalah and holds a degree from Vassar College in New York.
It is not a surprise that they would make a such westernized point of view.
While it is true we might face certain challenges in CPEC. For example, the spread of terrorism could pose essentail threat along the road. The different way of religious between China and PK might cause trouble during cooperation. What type of bussiness can be found to get good profit in CPEC?
But we believe that with the brotherhood of China and PK, all the problems could be solved.
