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| Railway Cooperation between China and Thailand under the “Belt and Road Initiative”: Positive Impacts and Potential risk |
| ZOU Chun-meng |
| Research Center of Southeast Asian Studies at Institute of International Relations,Yunnan University,Kunming,Yunnan,650091 |
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Abstract Sino-Thai railway is an important going-out attempt for Chinese railways, and also an important flagship project for China to push the “Belt and Road Initiative” so as to make breakthrough in Mekong countries. Railway cooperation between China and Thailand not only helps strengthen Sino-Thai economic and trade relations, and promotes the interconnection between China and Mekong countries, and serves national strategy, but also helps push Thailand to upgrade its old obsolete railway transportation system so as to drive the economic development along the route. At the same time, the cooperation also contributes to reinforcing Thailand’s position as a transportation hub in Indo-China Peninsula and Southeast Asia, and boosting its regional influence, which coincides with Thailand’s national interest. After years of negotiations, railway cooperation between China and Thailand has made significant progress, but the process is not at all plain sailing, and the future advancement is also confronted with various risks in politics, economy and extraterritorial factors. In face of these potential risks in the cooperation, China can actively develop the traditional Sino-Thai friendship by pursuing a neighborhood diplomacy of amity, sincerity, mutual benefit and inclusiveness, extend the international influence of “Belt and Road Initiative”, innovate new financing models, lower cooperation cost, and take measures such as establishing specialized investment management organizations for foreign infrastructures to prevent and respond to risks.
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Received: 18 October 2017
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2018, Vol. 35 
