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50 China Int'l Stud. 70 (2015)
The New Silk Road Initiative: China's Marshall Plan

handle is hein.journals/chintersd50 and id is 70 raw text is: The New Silk Road Initiative: China's Marshall Plan? D Jin Ling ith the New Silk Road initiative (known as the Silk Road Economic Belt and the Maritime Silk Road) being gradually elucidated and corresponding measures unveiled, there is growing talk at home and abroad about the New Silk Road being the equivalent of the U.S. Marshall Plan aimed at rebuilding Europe after the Second World War. The Chinese media focus their attention more on the economic perspective and are of the view that the implementation of the New Silk Road will play the same role as the Marshall Plan did in the economic recovery and integration of Europe. Meanwhile, Western scholars and media, viewing the initiative more from a political and security perspective, dub the New Silk Road as China's political and security strategy for managing its sphere of influence and vying for geopolitical dominance in the region. In fact, despite some commonalities, there is a cardinal disparity between the two arguments both in form and content. The Etymology of the Chinese Marshall Plan The concept of a Chinese Marshall Plan was devised by scholars at home and abroad as to how the international community and China should cope with the existing financial crisis, which has nothing to do with the New Silk Road. Jin Ling is Associate Research Fellow at the Department of European Studies, China Institute of International Studies. The New Silk Road Initiative: China's Marshall Plan? 70 China International Studies