China’s Belt and Road Initiative 2.0

Abstract

As China’s Belt and Road Initiative (BRI) quickly evolves into an updated version for realizing high-quality development, its long-term success will increasingly depend on how well it can earn international legitimacy and credibility. Since sustainability is a critical source of credibility for the BRI, it is necessary to move the BRI forward by amplifying its role as a development agenda and tapping its potential to support global sustainable development and facilitate implementation of the United Nations’ 2030 Agenda for Sustainable Development (2030 Agenda) through delivering more public goods to other developing countries. The BRI projects designed to strengthen infrastructure inter-connectivity can greatly fit the developmental needs of countries along the routes and expedite their achievement of sustainable development goals (SDGs), both explicitly and implicitly. Besides, the growing alignment between the BRI and the 2030 Agenda will generate more strengths and opportunities for China to be recognized as an indispensable player in international development cooperation, enhance the capacity of the BRI to manage environmental, social and governance risks in host countries, promote social cohesion and inclusiveness along the routes, and ultimately transcend short-term economic and political interests for China to win the hearts and minds of other stakeholders involved in the BRI.