Not a new Marshall Plan

China's two Silk Road proposals, unlike the postwar initiative of the US, are a way to share the fruits of regional development

China has declared it is establishing a special fund for the Silk Road Economic Belt and the 21st Century Maritime Silk Road, two initiatives proposed by China to promote regional integration, cooperation and trade. It is making action plans to start cooperation with the relevant countries to translate the blueprints into tangible achievements. Meanwhile, the founding of the Asian Infrastructure Investment Bank is also picking up speed.

However, some in the West have misinterpreted, either willfully or shortsightedly, the two proposals and describe them as being China's equivalent to the Marshall Plan, which was the economic assistance provided by the United States to its allies in Western Europe to help them reconstruct their countries after World War II. This is easily sensationalized.