In March 2017, the Levy Institute for International Policy published an article entitled "Recognizing China's Belt and Road Plan."
The China Belt and Road Plan is one of Xi Jinping's most ambitious foreign and economic policies. The plan aims to strengthen Beijing's economic leadership through an extensive infrastructure program throughout China's neighboring regions.
Many foreign policy analysts view the plan largely geopolitically, and see it as Beijing's attempt to gain political leverage among its regional neighbors. There is no doubt that such a view has been taken into account in Chinese calculations. But the analysis argues that some of the key drivers of the plan are largely the result of China's pressing economic concerns.
One of the important goals of the belt and road plan is to solve the problem of deep regional class differences during the modernization of the country's economy. Beijing hopes the transnational infrastructure program will stimulate the growth of remote and underdeveloped areas. This plan will focus a lot on the interior of the country.
The Chinese government also plans to use the belt and road project as a platform to address the country's chronic overcapacity problem. This is more about transferring surplus factories than exporting surplus products. One of the most obscure aspects of the Belt and Road Plan is Beijing's eagerness to use it to impose Chinese technological and engineering standards, which Chinese policymakers consider vital to the development of the country's industry.