New Silk Road: Achievements & Prospects Of Serbia-China Economic Cooperation

Dimitrijević, Duško (2018) New Silk Road: Achievements & Prospects Of Serbia-China Economic Cooperation. Executive Intelligence Review, 45 (28). pp. 34-38. ISSN 0273-6314

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Abstract

The China’s development strategy of the New Silk Road with two framwork initiatives: New Silk Road Economic Belt and 21st Century Maritime Silk Road, called “One Belt, One Road Iniative” (Yi Dai Yi Lu) which was promoted by Chinese President Xi Jinping in 2013, provides for a long-term improvement of relations especially with the countries of Asia, Europe and Africa. This strategy represents an ideological concept of Chinese foreign policy that aims to uphold world peace and to promote a common and harmonious development of the whole world. In contrast to the geopolitical strategies of great powers which are mainly based on the division of spheres of interest or expansion of spheres of influence, the Chinese New Silk Road strategy, focused on common interests and cooperation in order to achieve mutual benefits. With an Open door policy applied by more than three decades, China is trying to strengthen its position in international politics and to contribute to active participation in the globalization process. In order to achieve these goals which are formulated through the model of Chinese Dream, China is constantly changing on the social plane, repeatedly carrying out economic reforms and building a new vision of international relations based on the promotion of political, economic and cultural cooperation and social progress between different nations and different states building the “community of common interests, destiny and responsibility” or in other words, the ”community of shared future for mankind”. Hence, despite the significant geopolitical changes after the Cold War, a strong political influence in international processes, and expressed opportunism in international relations, China has continued to act as a binding factor in solving major international problems using as a model the Five Principles of Peaceful Coexistence (the Pancha Sila), which is in the line with the purposes and principles of the UN Charter. As the world’s second largest economy with nearly one fifth of the world’s population, China committed herself to expand good relations with other countries especially with developing countries such as Serbia, deepen traditional friendship and uphold its legitimate rights and economical interests.

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