scholarly journals Evaluation of Chinese Transport Infrastructure Investment Performance in Countries along the Belt and Road Initiative

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Yanbin Yang ◽  
Wei Liu ◽  
Kaiyuan Li ◽  
Yuping Jin ◽  
Shijia Liang
Keyword(s):  
Institutional Environment ◽  
Shadow Price ◽  
Transport Infrastructure ◽  
Infrastructure Investment ◽  
Belt And Road Initiative ◽  
Investment Performance ◽  
Chinese Overseas ◽  
Belt And Road ◽  
Low Performance ◽  
The Belt And Road

Since the launch of the Belt and Road Initiative (BRI) in 2013, Chinese enterprises have invested heavily in transport infrastructure projects. In order to better promote Chinese overseas transport infrastructure investment (TII) and avoid additional risks, it is necessary to scientifically assess the performance of Chinese TII in countries along the BRI and explore the promotion path of Chinese TII performance. For this reason, we used a superefficient slacks-based measurement (SE-SBM) model to calculate Chinese TII performance based on 5 dimensions, including political environment, economic environment, institutional environment, humanistic environment, and social environment. These 5 dimensions were divided into 14 indicators, and we used quantification with indirect data to quantify all indicators. Then, according to the performance value of selected countries, we classified them into high-, medium-, and low-performance areas. Next, combined with the scale of returns and the shadow price of input indicators, we provided the promotion measures of each performance area. Our analysis generates valuable measures to reduce TII risks and better promote the connectivity of countries along the BRI.

scholarly journals Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

2020 ◽  
Vol 2 (2) ◽  
pp. 23-45
Author(s):  
Jin-Hui Li ◽  
Chol-Ju An ◽  
Gwang-Nam Rim
Keyword(s):  
Economic Growth ◽  
Economic Benefits ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Regression Analyses ◽  
Belt And Road ◽  
Development Levels ◽  
The Impact ◽  
The Belt And Road

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

China and the Struggle over the Future of International Order

2018 ◽  
Author(s):  
Zhongying Pang
Keyword(s):  
International Institutions ◽  
International Order ◽  
World Politics ◽  
Infrastructure Investment ◽  
Belt And Road Initiative ◽  
Investment Bank ◽  
The Future ◽  
Belt And Road ◽  
Governance Institutions ◽  
The Belt And Road

This chapter discusses China’s changing attitude, doctrine, and policy actions towards international order and offers some tentative findings on the complexity of China’s role in the struggle over the future of international order. This complexity results from China’s efforts simultaneously to consolidate its presence in the existing international order but also to reform existing global governance institutions. The ambition to seek an alternative international order makes it, at least to some extent, a revisionist state. While pursuing an agenda to reform the existing international order from within, China additionally has begun to sponsor an unprecedented number of new international institutions and initiatives of its own, such as the Asian Infrastructure Investment Bank (AIIB) and the Belt and Road Initiative (BRI). How this will play out will depend above all on the interaction of China with a USA still wedded to its hegemonic role in world politics.

GMS Economic Corridors Under the Belt and Road Initiative

2019 ◽  
Vol 1 (2) ◽  
pp. 183-206
Author(s):  
Masami Ishida
Keyword(s):  
High Speed ◽  
Yunnan Province ◽  
Lao Pdr ◽  
The Other ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Other Hand ◽  
Belt And Road ◽  
The Government ◽  
The Belt And Road

The government of China promotes the development of expressways and high-speed expressways in Greater Mekong Subregion (GMS) and tries to connect the major cities of the subregion and Kunming under the Belt and Road Initiative (BRI). First, this article reviews the development schemes in the subregion including GMS economic cooperation and the BRI. Next, it introduces the development of the transport infrastructure, including expressways and high-speed railways, connecting Kunming and Lao People’s Democratic Republic (Lao PDR), Thailand, Myanmar and Vietnam. Thereafter, it compares the total costs of the projects and how other GMS countries negotiate with China. Seeing the sections of the expressways and railways in Yunnan Province, the shares of some sections occupied by bridges and tunnels are higher than 20 per cent due to the mountainous land feature of Yunnan Province. On the other hand, the railway in Lao PDR passes through the mountainous areas, and they adopted higher specification as same as in Yunnan Province. Consequently, the debt-default risk of Lao PDR has increased. On the other hand, Thailand repeated tough negotiations with China and made efforts not to increase the total cost. The negotiations of Lao PDR and Thailand with China are illustrated in this article. JEL Codes: O18, R10, R41, R58

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