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Jakarta Post

‘Belt and Road Initiative’: An opportunity or threat

  • Untung Suropati

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Jakarta   /   Mon, October 8, 2018   /  11:00 am
‘Belt and Road Initiative’: An opportunity or threat China-proposed Belt and Road Initiative (China Daily/File)

Unlike in Pakistan, Malaysia and the Philippines, in Indonesia the implementation of China’s 21st Century Maritime Silk Road scheme under the “Belt and Road Initiative” (BRI) tends to stagnate. China has so far committed to investing only about US$5 billion in the Jakarta-Bandung high-speed rail project. And this is the only infrastructure project so far approved for Indonesia under the BRI.

Meanwhile, China has committed to investing $55 billion, $30 billion and $13 billion in Pakistan, Malaysia and the Philippines respectively. This is ironic, considering Indonesia’s strategic geography and geopolitics and its role as Southeast Asia’s largest economy. There are at least three reasons why BRI projects seem to stall in Indonesia.

First, there are many issues that are beyond China’s capability. For instance, rampant issues ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.