Impact of China’s Belt and Road Initiative on regional stability in South Asia

Abstract

ABSTRACT By focusing on domestic and geopolitical factors, this study aims to understand the impacts of China’s Belt and Road Initiative (BRI) on regional stability in South Asia. It critically examines China’s investments in Bangladesh, the Maldives, Nepal, Pakistan and Sri Lanka to understand how that impacts local economies and politics as well as the geopolitical climate considering the rivalry between China and India. As China seeks to promote alternatives for its partners to decrease their dependence on India and India-dominated institutions, there appears to be a negative impact of the geostrategic competition between China and India on South Asian regionalism. China’s economic influence varies and the evidence from Sri Lanka and Pakistan suggests that Beijing fully controls the deep seaports that it has built through BRI. While Beijing has engaged with a variety of political actors in the selected countries, it has not tried to influence domestic politics.