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'Belt and Road Initiatives' no Marshall Plan of China

By Xinhua News Agency ( China Daily ) Updated: 2015-01-31 08:02:36

Commentators have found certain parallels between China's "Silk Road Economic Belt" and "21st Century Maritime Silk Road" initiatives and the Marshall Plan, indicating that China would use them to spread its influence across Asia and other regions as the United States did in post-World War II Europe.

While a good knowledge of history can help us understand current politics, inadequate comparisons of concepts based on their superficial similarities can distort information and mislead politicians to make the wrong decisions.

China has said it is establishing a fund for the "Belt and Road Initiatives" to promote regional integration, cooperation and common development. The initiatives may be similar to the Marshall Plan in terms of the commitments of China and the US to help other countries' economic development. But a deeper analysis will show the fundamental differences in the historical context, motivation and potential impact between China's approach and the US' postwar plan to provide economic and military assistance to its allies in Western Europe.

'Belt and Road Initiatives' no Marshall Plan of China

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