China has proposed to revive the centuries-old ‘Silk Road of the Sea’ into a 21st century Maritime Silk Road (MSR). The MSR initiative has a clear strategic purpose and is a helpful channel for the Chinese grand strategy. It aims to seize the opportunity of transforming Asia and to create strategic space for China.
The success of the MSR initiative will be extremely consequential to regional stability and global peace. Today, China is in the process of remaking history at sea, and some scholars view it as ‘China’s maritime renaissance’. China’s growing merchant marine; expansion of its global shipbuilding market; increasing reach in building and managing off-shore ports and port facilities; and efforts to develop a modern blue-water navy are evident.