| Summary: | As a global public good, the Belt and Road Initiative proposed by the Chinese
government features being “non-rivalrous” and “non-excludable,” which
are two essential characteristics of public goods. From design philosophy to
operational framework, from vision to action, distinct Chinese characteristics,
style and temperament are fully demonstrated by this initiative. In theory, the
Belt and Road Initiative promotes multiple innovations in global governance
and enriches and develops international cooperation and the global value chain.
The “Silk Road spirit” inherits and innovates the core philosophy of China’s
diplomacy since 1949; more importantly, its principle of achieving shared
growth through discussion and collaboration is a key contribution to global
governance theory. In practice, the Belt and Road Initiative highlights both
regional cooperation and international agreement, and initiates a new model
for China’s diplomatic practice and international cooperation. Therefore, it is
of exemplary value in terms of development, peace, culture and cooperation,
while offering a new solution to dealing with international relations in the
era of Reform and Opening-up. The past three years has generated marked
achievements. The Belt and Road construction is at a critical stage of transition
from quantitative change to qualitative change, from small achievements to
significant success. In the future, China should take the initiative to promote
the construction of two principal axes, further integrate with the philosophy
underpinning China’s diplomacy as a major country, innovate the theoretical
system of the Belt and Road Initiative and forge a corresponding security
system. As the old Chinese saying goes, “Big countries should treat small
countries with kindness and justice, while small countries should treat big
countries with wisdom.” China should properly address the competition and
cooperation with countries along the Belt and Road and further advance
institutional construction within the framework of its major country diplomacy.
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