Research on China’s FDI Development in Southeast Asian Countries under the Background of “the Belt and Road”—Take Singapore, Thailand and Indonesia as Examples

Finance ◽  
2019 ◽  
Vol 09 (03) ◽  
pp. 281-285
Author(s):  
艺 钟
2021 ◽  
Vol 65 (10) ◽  
pp. 91-102
Author(s):  
N. Rogozhina

The choice of the countries of Southeast Asia as an example for analyzing the nature of interaction between developing countries and China within the framework of the Belt and Road Initiative is not accidental. The very logic of China’s stated goals of gaining dominant positions in the world economy and politics makes it inevitable that the countries of Southeast Asia located in geographic proximity to it are included in its long-term economic and political plans. The question, however, is to what extent do they meet the interests of the Southeast Asian countries themselves? The solution to this question is the main subject of research in the article. There are objective prerequisites for mutually beneficial cooperation. The Belt and Road projects are viewed by China as a tool for economic expansion into the region with the prospect of taking a leading position there, using the interest of Southeast Asian countries in the inflow of foreign investment to create modern infrastructure, the lack of which narrows their opportunities for further economic growth, maintaining competitiveness and developing integration ties within ASEAN Community. Expert assessments made by international organizations confirm the positive impact of OBOR projects on the economic development of Southeast Asian countries and although today it is too early to draw any conclusions, since the initiative is only at the initial stage of its implementation in the region, nevertheless the case studies presented in the article indicate a mismatch in the positions of the parties on a number of issues related to the financing of projects, their lack of transparency. non-compliance with environmental and social requirements. The support of the initiative on the part of the Southeast Asian countries does not automatically mean their acceptance of the terms of the agreements proposed by China, which are far from always consistent with their national interests and give rise to fears in society about its expansionist intentions. Therefore, in many Southeast Asian countries, participation in OBOR projects is turning into a subject of political discourse, which reflects the presence of disagreements in society and confrontation of interests regarding the advisability of rapprochement with China, given the associated economic and political risks. The countries of Southeast Asia can be conditionally divided into two groups according to their relation to the Belt and Road initiative. The first group includes Indonesia, Malaysia, Singapore, the Philippines, Thailand, Vietnam and Myanmar, whose position can be described as national pragmatism. While supporting the Chinese initiative in general, they nevertheless assess the possible risks of their participation in projects and seek to reduce them. The second group is represented by Laos and Cambodia, whose leadership unconditionally supports the Chinese initiative, guided by the interests of their own survival, which largely depends on Chinese assistance. Therefore, the prospect of falling into a debt trap and increasing economic dependence on the PRC and even the threat of losing sovereignty does not deter them from participating in highly controversial projects from a commercial point of view. Based on the analysis made, the author comes to the conclusion that, given the existing alignment of political forces in Southeast Asia, China can count on promoting its initiative in the region, which, however, does not automatically lead to an increase in its political influence and to the creation of a China-centric model of regional order. Acknowledgements. The article was prepared within the project “Post-crisis world order: challenges and technologies, competition and cooperation” supported by the grant from Ministry of Science and Higher Education of the Russian Federation program for research projects in priority areas of scientific and technological development (agreement № 075-15-2020-783).


2020 ◽  
Vol 02 (01) ◽  
pp. 2050003
Author(s):  
Cahyo Pamungkas ◽  
Saiful Hakam ◽  
Devi Tri Indriasari

This paper aims to describe the reason of China to change its governance of investment mainly the Belt and Road Initiative (BRI) in Southeast Asia. Although many countries in this region need huge investment to improve and build their infrastructure as well as infrastructure’s connectivity between countries, there is some fear involving China’s investment in the past. These are unintended consequences of China’s investment on environmental, social, and debt-trap in certain poor countries. Nevertheless, there is still hope for better Chinese investment such as consideration of local people’s aspirations and more transparency. At the regional level, the BRI can synergize with local connectivity initiatives, such as the Master Plan on ASEAN Connectivity (MPAC) and Indonesia’s Global Maritime Fulcrum, and encourage the integration of the ASEAN Economic Community. Different from the previous studies, this paper also uses the historical approach by learning the relation between China and Southeast Asian countries in the past. Our argument is Southeast Asian countries do not need to fear Chinese economic expansions based on history that China is not a political threat in the region. However, China should change the governance of BRI to accommodate the interest of people in Southeast Asian countries.


2021 ◽  
Vol 1 (1(50)) ◽  
pp. 73-81
Author(s):  
Natalia G. Rogozhina ◽  

The article notes that China's mask diplomacy in Southeast Asia is an integral part of its foreign policy aimed at strengthening its positions in the region by increasing the level of confidence. By providing assistance to Southeast Asian countries in the fight against COVID-19, China hopes to improve its image of a “benevolent” neighbor in the region. At the same time, the priority was given to those countries of Southeast Asia with which the closest relations have developed and which are participating in the Belt and Road Initiative. In the development of the achieved success in mask diplomacy, China is moving to the implementation of the so-called vaccine diplomacy in Southeast Asia. However, despite the currently pronounced humanitarian orientation of China's foreign policy in Southeast Asia, the continuing territorial conflict in the South China Sea plays against its positive image in the region as “generous sponsor”. Time will tell whether mask diplomacy will help China gain an edge in the competition for influence in the region. But one thing is clear – China is acting decisively and does not miss a single chance to provide support for the countries of Southeast Asia in the competition with the United States.


2016 ◽  
Vol 23 (2) ◽  
pp. 120-136
Author(s):  
NGUYEN THANH LIEM ◽  
TRAN HUNG SON ◽  
HOANG TRUNG NGHIA

2020 ◽  
Vol 24 (02) ◽  
pp. 1923-1929
Author(s):  
Nurhidayatuloh ◽  
Febrian ◽  
Mada Apriandi ◽  
Annalisa Y ◽  
Helena Primadianti Sulistyaningrum ◽  
...  

Author(s):  
E E Krasnozhenova ◽  
S V Kulik ◽  
T Chistalyova ◽  
K Yu Eidemiller ◽  
P L Karabushenko

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