‘String of Pearls’ or 'New Silk Road’?
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China’s funding of Sri Lanka's Hambantota port development, and similar projects in other countries, has been interpreted by some Western and Indian analysts as part of a grand geostrategic design.
The ‘string of pearls’ argument, first made by a few US military analysts, has not only become explanation for, but also ‘evidence’ of, China's supposed military ambitions in the Indian Ocean.
This logic, while ignoring important related developments elsewhere, has also prevented serious consideration of alternative explanations.
It cannot, for example, account for China investing seven billion dollars to develop three other ports in … Italy.