scholarly journals Exposure of Belt and Road Economies to China Trade Shocks

10.1596/29976 ◽  
2018 ◽  
Author(s):  
Paulo Bastos

Subject Impact of COVID-19 crisis on US-China rivalry in South-east Asia. Significance Washington’s preoccupation with handling the COVID-19 crisis has undermined the operational readiness of US armed forces in the Indo-Pacific. China has capitalised on this situation by pushing its claims in the South China Sea. Impacts South-east Asian economies will be hit hard as US-China trade tensions rise and foreign investment falls. Infrastructure projects in the region that are part of China’s Belt and Road Initiative will face delays and cancellations. Medical assistance from the United States, China and elsewhere will barely ease the strain on regional health systems caused by COVID-19.


Author(s):  
Patrick Meehan ◽  
Sai Aung Hla ◽  
Sai Kham Phu

How are development zones “made” in conflict-affected borderlands? Addressing this question, this chapter explores the transformation of the Myanmar-China border town of Muse since 1988. Despite ongoing armed conflict in northern Myanmar, Muse has become the country’s most important border development zone and today handles more than 80% of licit overland Myanmar-China trade. It is also a key border hub in China’s Belt and Road Initiative. Policy narratives typically claim that borderland development and regional economic integration offer an antidote to violence, criminality, and illegal practices. This chapter challenges these narratives. It demonstrates how long-standing forms of informal public authority and illegality have become deeply embedded in the technologies of governance that have underpinned Muse’s rise.


Author(s):  
Mona Chung ◽  
Bruno Mascitelli

The One Belt One Road initiative is a global strategy proposed by President Xi in 2013. It was referred to as the new silk road approach which includes a land-based and ocean-based routes. The BRI, were it to reach its milestones, would be a landscape changing plan of the world and not just for China. As Australia's number one trading partner, China plays an important role for Australia especially for its economy. However, there has been a poor and lacking understanding of this strategy since 2013. The chapter highlights the importance of the strategy and the approach by the Australian politicians. Fearing being left behind, Australia politicians begin to pay attention to the strategy and especially any related plans which may or may not include Australia. The aim of this chapter is to ascertain and explain why Australia has adopted a cool and almost negative approach towards the Chinese Belt and Road Initiative (BRI). With further exploration of the Australia-China trade relationship, the chapter raised the question of the importance of China to Australia.


2019 ◽  
pp. 1-20
Author(s):  
KHOO BOO TEIK

Malaysia’s Mahathir Mohamad stands in a delicate position vis-à-vis China’s Belt and Road Initiative (BRI). The BRI’s Silk Road-like scenarios of transcontinental rail links to extend market-facilitated trade and investment have a place within a ‘Mahathirist imaginary’ that opposes inequities in a western-ruled global order and sees hope for the ‘rise of Asia’. In vision he shares the ‘Chinese Dream’ of resurrecting ancient land and maritime trade routes as an ‘imperative of globalization’ despite attempts by others to entangle the BRI in narratives of geopolitics long repugnant to his deep non-aligned convictions. His unprecedented resumption of premiership in May 2018 gave Mahathir a dream-like chance to engage with the BRI but he has been jolted by some Malaysian-China projects contracted in the name of the BRI by the Najib Razak-headed regime (2009–2018). Concerned that those projects could strain Malaysia’s debt burden and undermine its sovereignty Mahathir must balance his support for BRI with undoing some of its local manifestations without jeopardizing long-term Malaysia-China trade, investment and diplomatic relations.


2020 ◽  
Vol 4 (2) ◽  
pp. 29-40
Author(s):  
Alina Szypulewska-Porczyńska

The aim of the study is to evaluate the potential role of the Belt and Road Initiative (BRI) for promoting EU – China trade, and especially Poland – China trade. We test two hypotheses: 1) Non-tariff barriers (NTBs), particularly related to railway transport, are significant for Poland – China trade, and 2) Poland – China trade fits railway transport well. Therefore, we start with a study of the significance of tariff and non-tariff barriers in mutual trade relations, including transport-related barriers. NTBs are mainly derived from the EU Market Access database, and as for transport-related barriers – the logistics performance index (LPI) is used. As the next step, we study the composition of bilateral trade in static and dynamic terms using the OECD TiVA database. In the light of the significant increase in NTBs on EU manufacturing products exported to China and the railway transport infrastructure performance in Poland, the BRI could become an effective tool for improving the business environment for EU exporters. By contrast, the BRI project is more suitable for China and the EU as a whole than for Poland in terms of commodity structure of bilateral trade.


2019 ◽  
Vol 18 (3) ◽  
pp. 117-135
Author(s):  
Siew Yean Tham ◽  
Andrew Kam Jia Yi ◽  
Tee Beng Ann

This study examines the potential impact of the current trade war between the United States and China on Malaysia's trade and investment. For solar exports, the immediate impact from 2017 to 2018 shows that gross and domestic exports to the United States have fallen but re-exports have increased, and Malaysia's exports and re-exports to China have increased. Excluding solar, the increase in gross exports to the United States is borne by re-exports. The possibility of increased investment, as firms relocate from China, is high given the growing presence of China's investment in Malaysia since the announcement of the Belt and Road Initiative.


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