scholarly journals Rising China and Global Investment Governance: An Overview of Prospects and Challenges

2018 ◽  
Vol 4 (2) ◽  
pp. 122-153 ◽  
Author(s):  
Dilini Pathirana
Keyword(s):  
Rapid Growth ◽  
International Investment ◽  
Infrastructure Investment ◽  
Belt And Road Initiative ◽  
Investment Bank ◽  
Investment Treaty ◽  
Belt And Road ◽  
Rising China ◽  
Legitimacy Crisis ◽  
The Belt And Road

Abstract International investment is one of the fields of global governance that is likely to be affected by China’s rise as a global superpower in general, and its rise as a global investor in particular. It has become manifest by China’s leadership in forming of the G20 Guiding Principles for Global Investment Policymaking and in establishing the Asian Infrastructure Investment Bank, while signaling the country’s growing capacity to influence global investment governance. However, China’s aspiration to steer global investment governance is being hindered by the increased backlash against globalisation and the investment treaty regime, as well as the rapid growth of Chinese investments. At the same time that protectionist measures aimed at Chinese investments are on the rise, the Belt and Road Initiative is underway, which will increase Chinese desire to safeguard the interests of Chinese investors. Consequently, it is possible that a Beijing-based pole in global investment governance could emerge, just as reforms are underway to address the legitimacy crisis in the regime.

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.

scholarly journals The Establishment of “Belt and Road” International Investment Disputes Settlement Institution

2019 ◽  
Vol 37 (1) ◽  
Author(s):  
Yang Lu
Keyword(s):  
International Investment ◽  
Current Situation ◽  
Third Party ◽  
System Innovation ◽  
Infrastructure Investment ◽  
Bilateral Investment Treaties ◽  
Investment Bank ◽  
R Region ◽  
Belt And Road ◽  
The Belt And Road

In the context of the growth of regional international investment disputes (IIDs) caused by the Belt and Road (B&R) initiative, having a third-party settlement will play an important role in IIDs. Currently, the B&R countries have mostly selected ICSID as the IIDs settlement institution in their Bilateral Investment Treaties (BITs), which makes cases where a B&R country is respondent to be handled by nationals of countries outside the B&R area. Therefore, it is necessary to establish a B&R IIDs Settlement Institution, for the purpose of optimizing the current situation of IIDs settlement in the B&R region, dealing with the constantly-increasing regional IIDs, better protecting geographical investments, and facilitating China to participate in and further guide the reconstruction of international investment regulations. Moreover, the feasibilities in law, platform and resources for its establishment have been available. With respect to the path option, we should take the Asia Infrastructure Investment Bank as a platform to draft a convention, take the ICSID Convention as a reference for structure and system innovation, and devote great efforts to driving B&R countries to conclude the convention.

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