Factors Influencing Chinese Investment under the “Belt and Road”: Legal Advantages of Foreign Investment in Slovakia

2020 ◽  
Vol 7 (1) ◽  
pp. 75-82
Author(s):  
Zuzana Budiská ◽  
Chi Wang
2021 ◽  
Vol 275 ◽  
pp. 02023
Author(s):  
Jing Zheng

Based on the panel data of 278 prefecture-level cities in China from 2008 to 2018, this paper adopts DID method to verify the impact of “the Belt and Road initiative” on pollution level of these cities, the results are still robust through the placebo test and PSM-DID, the mechanism is also analyzed. The study found that “the Belt and Road initiative” has a significant effect on the emission of wastewater, waste gas and dust of cities in China; the mechanism test shows that “the Belt and Road initiative” has significantly reduced urban environmental pollution by promoting foreign investment, upgrading industrial structure and technological innovation.


2021 ◽  
pp. 2150011
Author(s):  
Linda Che-lan Li ◽  
Luo Man ◽  
Phyllis Lai-lan Mo ◽  
Jeffrey Shek Yan Chung

Chinese grand infrastructure projects in the Belt and Road Initiative (BRI) program are instrumental for Myanmar to bridge the voluminous bottlenecks in transportation and energy infrastructure essential for economic development. However, the high project costs as well as the project design and execution have raised skepticism over their benefits for Myanmar, in particular the economic viability and disruptive impacts for the local ecology and culture. The military coup in February 2021 in Myanmar deepened the skepticism to the Chinese and even outright hostilities to some projects. This paper reviews the broader context of the local receptions to the Chinese investment, drawing upon in-depth fieldwork in Myanmar, and suggests the potentials of leveraging Hong Kong’s managerial and professional experience in enhancing responsible investment in the BRI.


2021 ◽  
pp. 6
Author(s):  
Pavel Kuchinov

Since the XXI century the majority of South American countries call to create large integration transport corridors that provide interconnections between different parts of the region. The authors studied the projects of multimodal transport corridors implemented by the South American organization IIRSA (Initiative for the Integration of the Regional Infrastructure of South America), the purpose of which is the connection of the coasts of two oceans: the Atlantic and the Pacific. Analyzing the situation related to the latest Chinese investment and construction projects in South America within the framework of The Belt and Road Initiative, the authors question the feasibility and prospects the effectiveness of IIRSA's priority megaprojects. According to the developers, such initiatives, embodying infrastructure integration in the region, should contribute not only to the economic growth of the participating countries, but also to greater access to the global market for finance and services. The authors consider, although, that it is likely that this initiative risks being transformed into a tool for realizing China's economic and political interests.


2020 ◽  
Vol 7 (2) ◽  
pp. 209-235
Author(s):  
Emile Kok-Kheng Yeoh

Abstract This article traces the evolution of China-Malaysia relations under National Front Prime Minister Najib Razak and the Alliance of Hope Prime Minister Mahathir Mohamad. While the Belt and Road Initiative (bri) strengthened Beijing’s support of Najib’s kleptocratic regime in Malaysia, the 2018 general elections brought the anti-graft Alliance of Hope coalition led by Mahathir into power. Under Mahathir’s leadership, Malaysia cancelled several large-scale infrastructural projects like the East Coast Rail Link (ecrl), owing to their links with Najib’s 1mdb scandal and the unfavorable terms of the bri which put Malaysia severely in China’s debt. Although this curtailed Beijing’s use of Malaysia as a pawn in its goals in the region, it alienated some of the new Alliance of Hope’s supporters and saw the loss of much Chinese investment. However, Malaysia had already been caught in the bri’s web and Mahathir had to mend fences with Beijing by renegotiating better deals and redefining Malaysia’s relations with China. As Malaysia is geopolitically strategic to China’s extension of influence in Southeast Asia, Beijing willingly cut the ecrl cost by a third. It is in such context and with due consideration of the changing developments in the Alliance of Hope’s perception of Malaysia’s relations with China that this article will explore the enigmatic nature of China-Malaysia relations as the latter strives to protect its sovereignty against Chinese influence and Beijing continues to press its charm offensive through the bri.


2021 ◽  
Author(s):  
Xiaoqi Sun ◽  
Qing Shi

Abstract Energy is a basic factor input embodied in the production of goods and services. The rapid growth of trade between Belt and Road countries calls for the study of bilateral embodied energy trade between them. Using the Eora input-output database in 2015, this paper accounts the embodied energy trade between Belt and Road countries, followed by an investigation of the factors influencing the embodied energy trade through a gravity model, which is different from the conventional decomposition analysis. We find that the main bilateral embodied flow paths are from South Korea to China, China to South Korea, Singapore to China, Ukraine to Russia, and Malaysia to Singapore. 5% embodied energy flow paths account for 80% of the total bilateral embodied energy flow volume between Belt and Road countries. The gravity model results indicate that GDP per capita and population are the key drivers of bilateral embodied energy trade, while the industrial share of GDP is negatively related to the trade. Energy intensity, especially that of importing countries, plays a crucial role in reducing the bilateral embodied energy flow. These results are useful in the policymaking of sustainable development for the Belt and Road Initiative.


Subject The implications of the Belt and Road Initiative for the energy sector. Significance One of the aims of China's Belt and Road Initiative (BRI) is to increase the stability of the country's many neighbours by supporting their economic development, in part by developing their energy sectors. Improving China's own energy security is another. Impacts Electricity provision in BRI countries will improve, creating better conditions for industry and extending electrification programmes. BRI countries will become increasingly indebted to China, some of them unsustainably so. Chinese investment in power plants may encourage development of regional trading pools, encouraging development of an 'Asian supergrid'.


Significance This came during a visit by Iranian Foreign Minister Mohammed Javad Zarif, who was seeking to negotiate a 25-year strategic partnership and move forward with collaboration on a COVID-19 vaccine. Beijing has been using pandemic aid in the region to limit reputation damage from being the virus’s origin -- and to further wider political objectives. Impacts The Middle East is important for China’s energy security strategy but will never become a global top destination for Chinese investment. Beijing’s regional focus in the post-COVID-19 era will be on investment and economic engagement, not primarily political influence. The Belt and Road Initiative (BRI) could be used as part of a means to seek global health leadership.


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