The Chinese "Belt and Roads" party, endowed with a billion dollars: who is inside and outside



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Beijing has announced with more than 37 entries this year a larger number of world leaders, against 29 in 2017. Major world organizations such as the International Monetary Fund also went to the gala.

But significant absences exist, especially among China's main diplomatic partners, such as Sri Lanka and Turkey, as well as the country's main trading partner, the United States.

The Belt and Road Initiative (BRI) is the signature of the comprehensive infrastructure policy of Chinese President Xi Jinping. Announced for the first time in 2013, the project involves the construction of ports, roads and railways to create new trade corridors connecting China to Asia, Africa and the United States. ;Europe.

Since its launch, the Chinese government claims that at least 150 countries have signed, at least in principle. In the first half of 2019, foreign loans under the project totaled more than $ 90 billion.

Officials gather near the stage before the Beijing Belt and Road Forum opening ceremony on April 26.

But with the huge loans, it was criticized that Beijing was charging poor countries with unpayable debts to obtain a diplomatic or commercial advantage.

President Xi alluded to potential criticism of his belt and road policy in a speech delivered to world leaders on Friday.

And it's not just international concerns that push Beijing to act. The Chinese government is also generating more and more dissension, said Richard McGregor, Senior Researcher at the Lowy Institute.

"In all the peasant, I think everyone in the Chinese government knows that it has to be recalibrated and reduced, both to take into account criticisms abroad and the potential cost to us eventually." ", did he declare.

President of Russia, Vladimir Putin, arrives at Beijing Airport in anticipation of the forum

Asian and European leaders go to Beijing

In total, more than 5,000 participants from more than 150 countries have arrived in Beijing for the three-day summit, which will end on April 27, Chinese official media reports said.

According to a list of participants issued by Foreign Minister Wang Yi, a number of European and Asian countries will send their leaders to the "Belt and Road" summit.

Austrian Chancellor Sebastian Kurz will attend the forum, alongside Portuguese President Marcelo Rebelo de Sousa, despite British, French and German leaders who have chosen to stay away.

Italian Prime Minister Giuseppe Conte went to Beijing for the summit just weeks after his country became the first G7 member to join the Belts and Roads Initiative.
    Filipino President Rodrigo Duterte (left), Myanmar State Councilor Aung San Suu Kyi (right) and Pakistani Prime Minister Imran Khan (right) go for the opening ceremony on 26 April.

In Asia, Singaporean Prime Minister Lee Hsien Loong, joined the meeting for the first time, an important addition for China given the role of the city in its role of hub of trade and partner close with the United States.

Papua New Guinea, Thailand and Brunei were also present for the first time, while Japan sent a special envoy of the Prime Minister at the last sign of warming relations.

However, not all participants are new. The Pakistani and Malaysian leaders have chosen to participate in the forum again, despite growing concerns from both countries about the cost and debt burden of China-funded investment.

McGregor said that for the pragmatic leaders, there was not much trouble getting to Beijing for a "photo opportunity".

"It does not cost them anything and could even benefit them," he said.

Malaysian Prime Minister Mahathir Mohamad shakes hands with Xi Jinping, President of the People's Republic of China, at Diaoyutai State Guesthouse in Beijing on April 25.

Notable absences

There are still a number of glaring gaps at the big event in China.

United States leaders and their close allies, Australia, New Zealand and Canada, all refused to participate.

Italy rolls out the red carpet for Chinese President Xi Jinping

The absence of close partners, Sri Lanka and Indonesia, and the leaders of the two countries who chose to stay away, were more worrying.

Sri Lanka signed a 99-year lease in 2017 on Hambantota's strategic port to a Chinese state-owned company. The transfer of the port was supposed to help lift some of Sri Lanka's huge $ 1 billion debts to Beijing, which helped finance Hambantota in the first place.
Indonesian President Joko Widodo has also been criticized for China-backed projects in Indonesia during his recent re-election campaign. Widodo was present in 2017 but sent outgoing Vice President Jusuf Kalla to the last meeting in Beijing.

Turkish President Reccip Erdogan was another prominent participant in 2017, but his country is fiercely critical of China's detention of hundreds of thousands of Uyghur Muslims in the western region of Xinjiang.

Erdogan did not return to Beijing this year.

Debt Diplomacy

The Trump administration has sharply criticized Beijing's lending practices, with US Vice President Mike Pence calling it "debt diplomacy" in October.

"The terms of these loans are at best opaque, and the benefits go largely to Beijing," said Pence.

Are the wheels coming from the China Belts and Roads Megaproject?
Academics at Harvard University issued a report in 2018 stating that China is imposing high debt on the countries of the Asia-Pacific region in order to "acquire strategic badets or political influence over debtor countries" . China has firmly denied the US allegations regarding its lending practices.

But McGregor said that there was no doubt that the Chinese government was considering recalibrating its Belt and Road plan despite criticism and resistance from the international community.

Individual agreements could expect further scrutiny in the future, he said, to ensure they impose a more acceptable level of debt and environmental impact. In his Friday address, Xi said they should focus on "high quality infrastructure".
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