scholarly journals Comparative Advantages of Free Trade Port Construction in Shanghai under the Belt and Road Initiative

2020 ◽  
Vol 8 (1) ◽  
pp. 6
Author(s):  
Hao Hu ◽  
Shufang Wang ◽  
Jin-liao He
Keyword(s):  
Free Trade ◽  
Institutional Innovation ◽  
Free Trade Zone ◽  
Belt And Road Initiative ◽  
Free Trade Zones ◽  
Comparative Advantages ◽  
Belt And Road ◽  
Trade Port ◽  
The Belt And Road ◽  
Opening Up

As China’s opening-up grows wider under the Belt and Road Initiative, the exploration and construction of free trade ports have received increasing attention. In 2018, China’s first free trade port was settled in Hainan instead of Shanghai. In 2019, after the Lingang New Area of China (Shanghai) Pilot Free Trade Zone was approved by the central government, six new pilot free trade zones were launched in Shandong, Hebei, Heilongjiang, Jiangsu, Yunnan, and Guangxi provinces. As the bridgehead of the Belt and Road Initiative, Shanghai established the first and biggest pilot free trade zone in China and gained the priority of institutional innovation exploration in Lingang New Area. Whether and how Shanghai will lead the construction of free trade ports and the new round of higher-level opening-up has become a research agenda that requires further study. Based on the document analysis, competition analysis and factor analysis in this paper, the following results were drawn out: (1) The construction of a free trade port is an upgrade of the 18 free trade zones and the 50 cities involved, and it needs more high-level opening-up, more sophisticated services, more rigorous supervision, and more professional talent; (2) With its geographical location, economic foundation, development support, and industrial services, Shanghai has the potential, foundation, and momentum to explore institutional innovation in the construction of pilot free trade zones and free trade port; (3) Development basis, port shipping, talent attraction, service support, risk supervision and control are the five major comparative advantages and the important driving factors that need to be considered in exploring and leading the construction of China’s free trade port under the higher quality development of the Belt and Road Initiative.

scholarly journals Research on the Cultivation of International and Innovative Talents in Colleges and Universities under the context of Belt and Road Initiative

2020 ◽  
Vol 4 (2) ◽  
pp. 45-49
Author(s):  
Fang Liu
Keyword(s):  
Training Model ◽  
Colleges And Universities ◽  
High Tech ◽  
Belt And Road Initiative ◽  
Strategic Initiative ◽  
Belt And Road ◽  
National Congress ◽  
High Level ◽  
The Belt And Road ◽  
Opening Up

The Belt and Road Initiative is a strategic initiative that aims to expand the opening up in China in recent years. The implementation and practice of the Belt and Road Initiative has proved that this strategy has played a significant role in opening up a new, comprehensive pattern. The report of the 19th National Congress of the Communist Party of China pointed out that it is necessary to train a group of high-tech leading talents, international-level strategic scientific and technological talents, young scientific and technological talents, and high-level innovation teams for the development of the country. In the context of Belt and Road Initiative, colleges and universities have more arduous missions and responsibilities. Only by constantly innovating the talent training model can we improve our competitiveness in the international market.

International competitiveness of China’s biomass products: a CMS and RCA analysis

2019 ◽  
Vol 14 (3) ◽  
pp. 609-623
Author(s):  
Jing Shuai ◽  
Fubin Huang ◽  
Zhihui Leng ◽  
Xin Cheng
Keyword(s):  
International Competitiveness ◽  
Biomass Energy ◽  
Policy Implications ◽  
Belt And Road Initiative ◽  
Market Demand ◽  
Content Type ◽  
Comparative Advantages ◽  
Belt And Road ◽  
Energy Products ◽  
The Belt And Road

Purpose This paper aims to estimate the international competitiveness of China’s biomass energy products during 2007-2016 in the context of the Belt and Road Initiative. Design/methodology/approach In this paper, the authors used the constant market share model and the revealed comparative advantage index to analyze the evolution trend of China’s biomass products’ international competitiveness during the past decade from 2007 to 2016 based on the market structure of the Belt and Road Initiative. Findings The results show that: China’s major biomass energy products have no comparative advantages in the world market, nevertheless, their international competitiveness is on the rise; China’s biomass energy products have been agglomerated to the regional markets where the market demand growth is fast in the Belt and Road countries; and the unreasonable structure is an important factor influencing the international competitiveness of China’s biomass exports. Originality/value The authors analyzed the international competitiveness of China’s biomass energy products based on the “Belt and Road Initiative” with all the trading items, in an effort to propose policy implications for enhancing the comparative advantages of China’s biomass products in the international market especially in the Belt and Road regions.

scholarly journals International Relations with Chinese Characteristics

2019 ◽  
Vol 01 (02) ◽  
pp. 1950006
Author(s):  
Ralph Pettman
Keyword(s):  
Foreign Policy ◽  
International Relations ◽  
International Cooperation ◽  
Free Trade ◽  
The State ◽  
Belt And Road Initiative ◽  
Chinese Characteristics ◽  
Belt And Road ◽  
China’S Foreign Policy ◽  
The Belt And Road

International relations, as currently construed, are multi-dimensional. They are also Euro-American, which means modern-day China had no hand in making them. It was obliged to adapt to the state-centered, marketeering, nationalistic realities with which it was confronted when it became independent. And adapt it did. It also, however, revised these realities by adopting its own approach. Its leaders first repudiated China’s traditional experiences, while reworking its world ones to promote their own ends. Later, however, they began to express admiration for the values and vision of their own culture and civilization. They began to articulate policies, like the Belt and Road Initiative, that were not only representative of Euro-American principles, such as international cooperation and free trade, but also representative of non-Euro-American principles, such as the so-called “tribute system”. The latter characterized China’s foreign policy approach for millennia. It still arguably demonstrates China’s willingness not only to accept — while reforming — those Euro-American practices imposed upon it, but also to repudiate — by revolutionizing — those very same practices.

The Belt and Road Initiative and the AIIB: Potential Impact on the Economic Architecture of Asia

2020 ◽  
Vol 12 (4) ◽  
pp. 40-66
Author(s):  
Ya. V. Leksyutina
Keyword(s):  
Free Trade ◽  
Belt And Road Initiative ◽  
Economic Activities ◽  
Regional Economic ◽  
Intermediate Outcomes ◽  
The Us ◽  
Belt And Road ◽  
Potential Impact ◽  
Economic Partnership ◽  
The Belt And Road

Dynamics of economic development in Asia in the first two decades of the 21st century can be visualized schematically as a series of waves with different focuses of economic activities of regional powers and prevailing regional economic agenda. The first decade of this century was marked by an increasing number of bilateral free trade agreements, the establishment of ASEAN+1 free trade zones and very general in nature discussions on the prospects for the establishment of a large regional integration block. The US ‘Pivot to Asia’ has promoted transformation of these abstract discussions into substantive debates on parameters and principles of a broader regional trading and economic cooperation arrangement. The second wave in the development of economic processes in Asia (from 2010 to 2017) was characterized by a ‘soft’ rivalry between the US and China for setting the priority model of economic integration in the region (Trans-Pacific Economic Partnership vs. Regional Comprehensive Economic Partnership) and for establishing rules of a regional trade and investment system. The third wave followed the launch of the Belt and Road Initiative and AIIB, which expanded the focus of the regional countries’ activities from trade liberalization to promoting regional infrastructure development and connectivity. The author aims to assess the role of the Belt and Road and AIIB initiatives in consolidating China’s position in Asia, as well as their potential impact on the regional economic architecture. The first section outlines economic processes in China and in the region in general, which provided a context for establishing the Belt and Road and AIIB initiatives. The second and third sections examine their impact on regional economic processes and on the PRC’s regional positions. The author accentuates substantive changes that these initiatives underwent in 2013-2019 and identifies their intermediate outcomes. The author concludes that the Belt and Road and AIIB initiatives reflect the PRC’s intent to convert its growing economic and financial capabilities into regional influence. The establishment of new multilateral financial institutions, development of new rules governing trade, investment and economic activities, adoption of new production and technical standards, transformation of the regional transport and logistics system, development of new value chains, and other outcomes of foreign economic activities of China already has the potential to reshape the regional economic architecture.

scholarly journals Development beyond aid: Utilizing comparative advantage in the belt and road initiative to achieve win-win

2017 ◽  
Vol 1 (2) ◽  
pp. 149 ◽  
Author(s):  
Justin Yifu Lin ◽  
Yan Wang
Keyword(s):  
Comparative Advantage ◽  
High Speed ◽  
Broad Context ◽  
Belt And Road Initiative ◽  
Development Finance ◽  
Comparative Advantages ◽  
Belt And Road ◽  
The Belt And Road ◽  
New Structural Economics

Against the backdrop of anti-globalization rhetoric, this paper summarizes our joint book entitled Going Beyond Aid (Lin and Wang 2017) and discusses the prospects for development finance in the broad context of Belt and Road Initiative (BRI). Based on the New Structural Economics (Lin 2010, 2011), here we focus on China’s demonstrated comparative advantages in infrastructure, e.g. in hydropower, and high-speed railways (HSR). In addition, long term orientation (LTO) and patient capital are latent comparative advantages that many Asian economies possess, and are critical for the Belt and Road Initiative. Only if these comparative advantages are utilized can these economies cooperation potentially to achieve win-win.

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