CHINA’S INITIATIVES FROM THE BELT AND ROAD INITIATIVE TO THE SHANGHAI COOPERATION ORGANIZATION SHOW ITS WILLINGNESS TO ASSUME LEADERSHIP – AN ANALYTICAL STUDY FROM A POWER POLITICAL STRATEGY PERSPECTIVE
This research article analyzes China’s initiatives from the BRI to the SCO and argues that such Chinese initiatives show its willingness to assume leadership. This article discusses the BRI and the SCO from the framework of power political strategies. Firstly, it discusses the economic strategies of China. This part explains China’s economic strategy from a geoeconomic point of view and discusses the BRI, the internationalization of the Renminbi, and the institutions initiated by China, mainly AIIB. It further discusses the economic domain of the SCO. Secondly, it discusses the political strategies of China and the political domain of the SCO. Lastly, this article discusses the military strategy of China. The final part discusses the security domain of the SCO. China’s power political strategies vis-à-vis the BRI and the SCO portray that it is willing to assume leadership which, however, China denies publicly. The BRI, internationalization of the Renminbi, and the AIIB with China’s influence are the key geoeconomic factors for China’s power convening capabilities. The BRI is China’s way to reach the world and resultantly, create a balance of dependency paving the way for all the roads leading to China. The financial institutions, mainly AIIB, are aimed at rivaling the Bretton Woods System which has been dominant since the Second World War. Moreover, the SCO takes care of China’s cooperation mainly in the domains of economic, military, and politics in Central Asia, South Asia, the Near East, South East Asia, and Europe. Hence, the initiatives from the BRI to the SCO portray China as a new type of power and speak volumes regarding China’s desire to assume leadership.