China’s Strategic Adjustments

China Report ◽  
2017 ◽  
Vol 53 (3) ◽  
pp. 367-385 ◽  
Author(s):  
Nguyen Quang Thuan
Keyword(s):  
Financial Institutions ◽  
Global Economy ◽  
Negative Impact ◽  
Strong Impact ◽  
International Financial Institutions ◽  
Economic Dependence ◽  
Investment Bank ◽  
Economic Relations ◽  
Chinese Investment ◽  
Asean Member

After the eighteenth Congress of the Chinese Communist Party, China adjusted its diplomatic strategy and transformed its pattern of economic development. This has had and will continue to have both a positive and a negative impact on the international financial institutions and the regional and global economy. The ‘One Belt, One Road’ (OBOR) strategy, combined with the Asian Infrastructure Investment Bank (AIIB) and the internationalisation of the yuan, is the main focus, and exerts a strong impact on the existing international financial institutions as well as the economic relations between China and many other countries in the world. It has attracted many developed and developing countries to join the AIIB. It also has made many emerging economies become closely linked to China. Moreover, it contributes to the emergence of many ‘asymmetric’ pairs of economic relations between China and its neighbours. China is now connected with Europe through an overland route as well as through the boosting of economic, trade and investment ties between Asia and Europe. Furthermore, while Europe has been concerned about China’s unfair competition and the dependence on Chinese investment, ASEAN has increasingly deepened the mutual economic dependence between itself and Beijing. A negative outcome of this is the rising economic dependence on China of quite a few ASEAN member states, including Vietnam.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

COVID -19 and Indian Financial Markets: A Review

2020 ◽  
Vol 16 (02) ◽  
pp. 1-8
Author(s):  
Kamaldeep Kaur Sarna
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Services ◽  
Stock Markets ◽  
Global Economy ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Management Strategies ◽  
The Impact

COVID-19 is aptly stated as a Black Swan event that has stifled the global economy. As coronavirus wreaked havoc, Gross Domestic Product (GDP) contracted globally, unemployment rate soared high, and economic recovery still seems a far-fetched dream. Most importantly, the pandemic has set up turbulence in the global financial markets and resulted in heightened risk elements (market risk, credit risk, bank runs etc.) across the globe. Such uncertainty and volatility has not been witnessed since the Global Financial Crisis of 2008. The spread of COVID-19 has largely eroded investors’ confidence as the stock markets neared lifetimes lows, bad loans spiked and investment values degraded. Due to this, many turned their backs on the risk-reward trade off and carted their money towards traditionally safer investments like gold. While the banking sector remains particularly vulnerable, central banks have provided extensive loan moratoriums and interest waivers. Overall, COVID-19 resulted in a short term negative impact on the financial markets in India, though it is making a way towards V-shaped recovery. In this context, the present paper attempts to identify and evaluate the impact of the pandemic on the financial markets in India. Relying on rich literature and live illustrations, the influence of COVID-19 is studied on the stock markets, banking and financial institutions, private equities, and debt funds. The paper covers several recommendations so as to bring stability in the financial markets. The suggestions include, but are not limited to, methods to regularly monitor results, establishing a robust mechanism for risk management, strategies to reduce Non-Performing Assets, continuous assessment of stress and crisis readiness of the financial institutions etc. The paper also emphasizes on enhancing the role of technology (Artificial Intelligence and Virtual/Augmented Reality) in the financial services sector to optimize the outcomes and set the path towards recovery.

scholarly journals Contemporary economic relations between China and European Union

2014 ◽  
Vol 66 (1-2) ◽  
pp. 35-50
Author(s):  
Nikola Jokanovic
Keyword(s):  
European Union ◽  
Global Economy ◽  
The European Union ◽  
Member States ◽  
Economic Relations ◽  
Trade Relations ◽  
Eu Member States ◽  
Chinese Investment ◽  
High Level ◽  
The Eu

This paper will discuss the economic relations between the European Union and the People?s Republic of China. The introductory part will make an insight into the position of China in the contemporary global economy. The following part of the paper will analyze China-EU trade relations. The topics included will be a general overview of these relations since their establishing in 1975 as well as the European Union?s attitude towards the Chinese WTO membership. The Sino-EU partnership and competition will also be described and it will be followed by an overview of the Sino-EU High Level Economic and Trade Dialogue (HED). The concluding topics in this part of the paper will include Sino-EU trade flows, perceived obstacles to trade and investment as well as recent trade disputes between two trading partners. The third part of the paper will deal with Sino-EU investment flows (with an emphasis on Chinese investments in EU member states). After the introductory remarks concerning the EU investments originating from China, the paper will shed light on particular EU member states which are preferred for Chinese investment as well as the industries in which Chinese companies are willing to invest. The concluding part of this paper will offer possible development of relations between the EU and China in the near future.

scholarly journals A REVIEW OF PARTICIPATING GROUP OF TWENTY (G20) COUNTRIES IN AUSTRALIA 2014

2018 ◽  
pp. 4-6
Author(s):  
Gundu D K ◽  
Suthakaran K.
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Global Governance ◽  
Global Economy ◽  
Financial Regulation ◽  
Community Leaders ◽  
International Financial Institutions ◽  
Global Development ◽  
Governance Framework

The group of twenty (G20) cooperation between the twenty members is seen as significant and systemic. These twenty countries are participating in Australia in 2014 with non- members countries. Australian business and community leaders will have the possibility to contribute to G20 discussions. Central Bank Governors and Finance Ministers meet regularly to discuss ways to reform international financial institutions, improve financial regulation, strengthen the global economy hence these meetings is a year-long program. This study is then assesses the expansion of the G20’s scope to global development and context of the current global governance framework.

Chinese OFDI in Europe under the Guidance of BRI — A Focus on China–CEE Economic Relations

2018 ◽  
Vol 01 (04) ◽  
pp. 1850022 ◽  
Author(s):  
Congcong Jiang ◽  
Christoph Lattemann
Keyword(s):  
Global Economy ◽  
Western Europe ◽  
Service Sector ◽  
Foreign Market ◽  
Economic Incentives ◽  
Economic Relations ◽  
Chinese Investment ◽  
Changing Patterns ◽  
Two Phases ◽  
The Impact

China has been actively integrating itself in the global economy through Foreign Direct Investment (FDI) and increasing trade flows. In order to further expand its foreign market ambition and reinforce itself as a leader in the world economic system, China unleashed the Belt and Road Initiative (BRI). One of the main economic incentives behind this initiative is to strengthen China’s integration with Central and Eastern European (CEE) markets. In recent years, an emerging trend for Chinese investors to invest in CEE countries such as Poland can be observed. The aim of this research is to analyze the changing patterns and motives of Chinese Outbound FDI (OFDI) to Europe during the period of 2009–2017 under the guidance of BRI. To explore the heterogeneity of Chinese investments behavior within Europe, this paper summarizes the apparent characteristics of Chinese investment patterns in Western Europe and the CEE region. We show that BRI has — against all expectations — no impact on Chinese investment in the CEE region but — in line with expectations — Chinese investors have changed their motives to invest in CEE countries with a shift towards the service sector. To investigate the impact of BRI on Chinese investors, the period of study is divided into two phases: (1) 2009–2013: period before the proposal of BRI and (2) 2014–2017: period after the initiation of BRI. Then the rationale behind the observed differences is examined in detail.

scholarly journals Statistical Modeling of the Large Open Economy of the U.S.

2017 ◽  
pp. 20-26
Author(s):  
О. М. Simachova
Keyword(s):  
Open Economy ◽  
Global Economy ◽  
Market Model ◽  
Strong Impact ◽  
Economic Relations ◽  
Political Interests ◽  
Macroeconomic Indicators ◽  
Multifactor Regression ◽  
American Economy ◽  
The U.S

The open economy phenomenon draws close attention of researchers in the era of global economy and trans-nationalization of international economic relations. Along with strong impact on international market and global interest rate, such economies are capable to have significant effects for global conjuncture and determine global factors of economic development. Main sources of strength of the American economy are analyzed (rich natural and human resources, strong relations with permanent and reliable trade partners and neighboring countries, the largest financial system and the most reliable world currency). It is argued that large companies accounting for a major part of the total foreign direct investment of the U.S. are the fundament for the American economy and the main conduit of the country’s economic and political interests. Selected macroeconomic indicators of the U.S. are analyzed, to make economic diagnostics of the current performance of the American economy The statistical multifactor regression model built by the method of least squares is proposed. Results of the analysis demonstrate negative statistical impact of unemployment and increasing energy dependence on GDP by PPP, and positive statistical impact of household consumption on future development of the American economy It is argued that given the difficult political and economic situation in Ukraine, scientists should examine best practices of leading countries of the world in issues of economic balancing and sources of economic growth, to elaborate reasonable recommendations with due consideration to national specifics. The American economy is a good example of market model operation in 21 century.

scholarly journals New Global Financial Order and Promotion of Asian Infrastructural Investment Bank (AIIB): Opportunities and Challenges for Africa

2016 ◽  
Vol 4 (1) ◽  
pp. 118 ◽  
Author(s):  
Jacob Olufemi Fatile ◽  
I. S. Afegbua ◽  
G. L. Ejalonibu
Keyword(s):  
Developing Countries ◽  
Financial Institutions ◽  
Model Development ◽  
The United States ◽  
Specific Reference ◽  
International Financial Institutions ◽  
African Countries ◽  
Investment Bank ◽  
Need Support ◽  
Financing Gap

The main objective of this paper is to examine the effect of Asian Infrastructure Investment Bank (AIIB) on infrastructural development in developing countries with specific reference to Africa. The paper argues that availability of infrastructure has become one of the major problems in the process of economic development generally in the Global South. Given the need for hugecapital infrastructure in the region and thepresence of the financing gap in infrastructure financing, China initiated the establishment of the AIIB, therefore, heralding a new chapter in the international finance system. The study uses the “New Model Development Finance” lens to discuss Global Governance of Finance with a historical overview of GlobalFinancial Institutions such as the International Monetary Fund (IMF) and World Bank that have been in existence for close to seven decades. It identifies the majorchallenges which emerging economies have with existing international financial institutions as well as some opportunities and challenges for African countries. It observes that the establishment of AIIB is a major diplomatic victory for China and a foreign policy fiasco for the United States. It argues further that the new bank is a parallel project to the existing international financial institutions and may accidentally lead to a reform of the Bretton Woods system. The paper recommends among others that AIIB should find a way to work hand-in-hand with other existing Multilateral Development Banks (MDBs) since cooperation with such development agencies can engender positive image and goodwill for the new bank. It concludes that the establishment and development of AIIB need support from all over the world because AIIB is designed to provide financing methods for infrastructure in developing countries across the globe including African nations.

scholarly journals The Political-Military Foundations of China’s Global Ascendency

2019 ◽  
Vol 25 (2) ◽  
pp. 420-448
Author(s):  
Aaron Major ◽  
Zhifan Luo
Keyword(s):  
United States ◽  
Global Economy ◽  
Regional Distribution ◽  
The United States ◽  
Power Dynamics ◽  
Investment Bank ◽  
Economic Relations ◽  
Global Power ◽  
Military Networks ◽  
Economic Ties

In recent years China has positioned itself as a global economic leader, working through its “Belt and Road” initiative (BRI) and Asian Infrastructure Investment Bank (AIIB), to not only expand its global economic reach, but to organize and lead global economic relations. China’s rise is largely understood in economic terms, but the history of global power dynamics suggests that such leadership is built on both economic and political-military foundations. This paper explores the structural relationship between China’s economic and political-military relationships with other states over the period 1993 to 2015. Drawing on a wide variety of data sources, we present a multi-dimensional analysis that measures the changing size of China’s economic and political-military networks, their shifting regional distribution, and the degree of coupling, or decoupling of economic ties from political-military ties. In describing these patterns, we conduct a similar analysis for the United States. This allows us to situate Chinese trends in the context of the structures of U.S. global power. Our analysis points to ways in which China’s global rise has been shaped through navigating U.S. global power. Our analysis also shows that China’s growing leadership in the global economy builds upon a set of existing political-military relationships that, while their scope and form are quite different from those that the United States built to support its hegemonic ascendency, are nevertheless critical for understanding the mechanisms by which Chinese power and influence has grown in the global political economy.

Sign in / Sign up

Export Citation Format

Share Document