A Common Destiny: COVID-19 and the Ongoing Impact on China’s Belt and Road Initiative Among ASEAN Countries

2021 ◽  
pp. 2150001
Author(s):  
Chow Man-kong ◽  
Hung Wing-lok ◽  
Chang Chak-yan
Keyword(s):  
Belt And Road Initiative ◽  
Regional Economic ◽  
Belt And Road ◽  
Asean Countries ◽  
Common Destiny ◽  
The Relationship ◽  
Business Sectors ◽  
Interpretative Model ◽  
The Belt And Road

This paper seeks to apply China’s vision of a “common destiny” to an analysis of the relationship between China and ASEAN countries during the COVID-19 pandemic. It first discusses how the Sino-ASEAN relationship has been affected by the crisis, especially in fundamental business sectors. The second part explains how China has responded to global and regional economic challenges to the Belt and Road Initiative (BRI) projects. This paper advocates that an interpretative model of a common destiny should be considered when assessing the ongoing viability of the Belt and Road Initiative and in answering its critics.

Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.

China’s Belt and Road Initiative with ASEAN Countries: Examining the Trade Cooperation and Impact of Coronavirus

2021 ◽  
Author(s):  
Mohd Haniff Jedin ◽  
Zhang Meng Di
Keyword(s):  
Belt And Road Initiative ◽  
Total Import ◽  
Export Volume ◽  
Engineering Standards ◽  
Belt And Road ◽  
Import And Export ◽  
Trade War ◽  
Asean Countries ◽  
Building Program ◽  
The Belt And Road

The rising US–China tension in the global trade war increased the trade cooperation between China and the ASEAN. Consequently, China’s total import and export volume with ASEAN increased tremendously to 684.60 billion USD in 2020, up by 6.7% year on year. This trend is part of the Belt and Road Initiative (BRI) which promotes China’s infrastructure building program in the neighboring ASEAN countries and exports China’s technical know-how and engineering standards. However, the recent coronavirus outbreak that stormed China and the rest of the world caused delays to many BRI projects. Subsequently, this outbreak also hit the ASEAN countries and halted many of their mega-projects under the BRI framework. Thus, this study attempts to highlight the trade cooperation and project developments of BRI in the ASEAN countries. In addition, the study features the landscape of BRI projects that were affected by the coronavirus amongst the ASEAN countries.

scholarly journals Has “The Belt and Road” initiative promoted regional economic growth and economic innovation?

2021 ◽  
Vol 275 ◽  
pp. 03020
Author(s):  
Ruolin Guo ◽  
Hongkai Zhao ◽  
Yingchu Zhang
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Belt And Road Initiative ◽  
Difference In Differences ◽  
Regional Economic ◽  
Belt And Road ◽  
Economic Innovation ◽  
Good Policy ◽  
The Impact ◽  
The Belt And Road

The article regards “The Belt and Road” initiative as a quasi-natural experiment. Based on the county panel data from 1999 to 2017, difference-in-differences model (DID) is used to examine the impact of the “The Belt and Road” initiative on regional economic growth and economic innovation. The study found that the “The Belt and Road” initiative can significantly increase the economic growth and innovation of the region. Through the placebo test and the robustness test, it shows good policy uniqueness characteristics. The article further analyzes the heterogeneity of the initiative. The study found that the initiative has more obvious economic growth and innovation in the central region.

DOES THE BELT AND ROAD INITIATIVE RESHAPE CHINA’S OUTWARD FOREIGN DIRECT INVESTMENT IN ASEAN? SHIFTING MOTIVES OF STATE-OWNED AND PRIVATE-OWNED ENTERPRISES

2020 ◽  
pp. 1-23
Author(s):  
SHI JIN ◽  
HU XIAOHUI ◽  
LI YUNXIONG ◽  
FENG TAO
Keyword(s):  
Natural Resources ◽  
Direct Investment ◽  
Belt And Road Initiative ◽  
Conditional Logit ◽  
Before And After ◽  
Belt And Road ◽  
Asean Countries ◽  
The Belt And Road ◽  
Socio Economic Factors

In recent years, China has been increasingly witnessed as a major global outward investor, especially since the launch of the Belt and Road Initiative (BRI) in 2013. The question of whether and if yes how the BRI reshapes firm outward investment motives remains under-researched. Using a project-level database of China’s Outward Direct Investment from the Ministry of Commerce from 2010 to 2015, this paper investigates the changing investment motives of state-owned and private-owned enterprises (SOEs and POEs) before and after the implementation of the BRI in two periods, namely 2010–2013 and 2014–2015. Our conditional logit models show that (1) market-seeking is one of the key motives for both POEs and SOEs; (2) POEs pursued natural resources in ASEAN based on geographical and relational proximity in the pre-BRI period while SOEs are directed to exploit natural resources in ASEAN besides remoter destinations after the launch of the BRI; (3) POEs are risk-taking in both periods, which runs counter to conventional expectations. This can be explained by the long-term investment tradition of POEs in ASEAN in which POEs are attracted predominantly by socio-economic factors and often less sensitive to variegated host institutions among ASEAN countries and (4) the BRI promotes Chinese OFDI in ASEAN through increased senior leader visits and enhanced diplomatic relations.

EVOLUTION OF CHINA’S OUTWARD FOREIGN DIRECT INVESTMENT REGIME: IMPLICATIONS FOR SOUTHEAST ASIA UNDER THE BELT AND ROAD INITIATIVE

2019 ◽  
pp. 1-17
Author(s):  
THERESA YAN ◽  
PETER ENDERWICK
Keyword(s):  
Direct Investment ◽  
Outward Foreign Direct Investment ◽  
Belt And Road Initiative ◽  
Multilateral Institutions ◽  
Recent Developments ◽  
Chinese Policy ◽  
Belt And Road ◽  
Catch Up ◽  
Asean Countries ◽  
The Belt And Road

Assessment of the likely impact of Chinese OFDI on the ASEAN members of the Belt and Road Initiative (BRI) requires understanding of the evolution of Chinese policy, regulations and institutions. Utilizing recent developments in institutional theory, this paper examines the interplay between China’s OFDI regulations and enterprise supportive policies. Liberalization of FDI regulations complements policies of technological catch-up and the development of regionally focused multilateral institutions. Evidence of an increasing level of Chinese OFDI since 2003, and of a larger share attracted to the BRI group, particularly the ASEAN countries, is consistent with the theorizing.

scholarly journals Lao People's Democratic Republic's Dependency on China's Infrastructure Assistance

2020 ◽  
Vol 9 (1) ◽  
pp. 19-31
Author(s):  
Sigit Candrawiranatakusuma ◽  
Jefferson Winata Bachtiar
Keyword(s):  
Democratic Republic ◽  
Lao Pdr ◽  
The Other ◽  
Foreign Investor ◽  
Belt And Road Initiative ◽  
The Past ◽  
Belt And Road ◽  
Common Destiny ◽  
Indochina War ◽  
The Belt And Road

Despite an acrimonious history, being involved in the second and third Indochina War, in the past few years, Lao People's Democratic Republic (PDR) seems to have deepened its relations with China. The improvement of friendly bilateral ties between Beijing and Vientiane can be observed by the evidence of China as the largest foreign investor in the country. On one hand, Lao PDR’s struggle to improve its economic its landlocked geography and the need for infrastructure assistance naturally makes the country lean more towards China. On the other hand, Beijing needs Lao PDR’s geographical advantages to complete the Belt and Road Initiative (BRI) project. The objective of this paper is to analyze the evolving relationship between China and Lao PDR within the context of the BRI. This paper concludes that both parties have developed a complex interdependent relationship with China attempting to establish a solid geo-economics system while trying to assert its position in a structural power system. The act of assertion is supported by its foreign policy that is predicted to be utilized to cajole Southeast Asia countries to be part of a community of common destiny under the leadership of Beijing.

scholarly journals Analysis of Economy and Trade among China, India, and Russia under the Belt and Road Initiative

2019 ◽  
Vol 12 (12) ◽  
pp. 1
Author(s):  
Jui-Lung Chen ◽  
Hsiung-Shen Jung
Keyword(s):  
Belt And Road Initiative ◽  
Eurasian Economic Union ◽  
The Us ◽  
Belt And Road ◽  
The Indian Ocean ◽  
Trade War ◽  
Asean Countries ◽  
Cooperative Relationship ◽  
The Belt And Road

The Belt and Road Initiative advocated by China is expecting to assist in the infrastructure and financing of participating countries and promote free trade through cooperation with countries along the Belt and Road. China hopes to lead the regional economic integration process through investment-driven trade. Out of geopolitical considerations, Russia and India initially held a relatively negative or cautious attitude towards the Belt and Road Initiative. Therefore, Russia proposed the concept of the Eurasian Economic Union (EEU) in 2011 in order to unite the other independent ASEAN countries based on the customs alliance consisting of Russia, Belarus, and Kazakhstan, and thus create a supranational consortium, which in turn have the ability to compete and cooperate with the Belt and Road Initiative proposed by China. In 2014, India launched the Indian version of the Belt and Road Initiative, named Project Mausam, expecting to promote the integration of economic and trade exchanges around the Indian Ocean with India as the center. However, after recent strikes by the trade war, China actively seeks assistance from India and Russia in order to break through the US trade blockade. During the G20 summit held in Japan in June 2019, China, India, and Russia held a three-party talk. After the talk, the three countries issued a joint statement claiming that “they shall undertake more global responsibilities to protect the fundamental and long-term interests of the three countries themselves and the world”, which seems to have opened up opportunities for future cooperation among the three countries. Therefore, this paper explores the competitive and cooperative relationship among China, India, and Russia under the Belt and Road Initiative.

Sign in / Sign up

Export Citation Format

Share Document