scholarly journals Servitization and Sustainable Value Creation Strategy for China’s Manufacturing Industry: A Multiple Case Study in the Belt and Road Initiative

2021 ◽  
Vol 13 (20) ◽  
pp. 11334
Author(s):  
Yuan Chang ◽  
Xinguo Ming ◽  
Xianyu Zhang ◽  
Tongtong Zhou ◽  
Xiaoqiang Liao ◽  
...  
Keyword(s):  
Value Creation ◽  
Manufacturing Industry ◽  
Manufacturing Firms ◽  
Belt And Road Initiative ◽  
Effective Strategies ◽  
Industrial Project ◽  
Service Models ◽  
Sustainable Value ◽  
Belt And Road ◽  
The Belt And Road

Manufacturers are adding service offerings to satisfy customers’ needs in various markets. Effective strategies for servitization can improve the competitiveness of manufacturers during cooperation. The Belt and Road Initiative (BRI) established by China offers opportunities for economic cooperation and regional integration for the involved countries. Now, many manufacturing firms are expanding their businesses into Belt and Road countries, most firms are facing the “how to do” problems in improving sustainability during their cooperation. They urgently require methodical assistance on both improving competitiveness through servitization and addressing sustainability challenges. This necessitates the firms to develop successful service models for their industrial initiatives and investigate ways to produce long-term sustainable value through services. In addition to the firm’s economic worth, it also entails lowering the project’s negative environmental impact. The results provided effective strategies for manufacturers from two perspectives. The first perspective is the study discovered innovative service models at both the product and project levels. Project-service systems are critical, and manufacturing firms should use innovative service models to deliver projects. The operation method of holistic solution and localization integration project service was addressed in particular in this study. In the second perspective, there are suggestions for achieving sustainability through innovative service models. The methods for preserving sustainable value on the industrial project level were the subject of our study, which included significant criteria and detailed descriptions. The effective project service system should bring sustainable value to the lifespan of an industrial project. This study has determined four major paths to improving sustainable value creation through servitization: improving resource allocation capabilities, reduce carbon emissions through energy project service, technological outputs, and standards exportation. Useful recommendations are provided for manufacturing firms planning to develop their business overseas, especially in BRI countries.

scholarly journals Using Social Networks to Analyze the Spatiotemporal Patterns of the Rolling Stock Manufacturing Industry for Countries in the Belt and Road Initiative

2020 ◽  
Vol 9 (7) ◽  
pp. 431
Author(s):  
Yuanhui Wang ◽  
Changqing Song ◽  
Gary Sigley ◽  
Xiaoqiang Chen ◽  
Lihua Yuan
Keyword(s):  
Manufacturing Industry ◽  
Network Models ◽  
Rolling Stock ◽  
Belt And Road Initiative ◽  
Trade Patterns ◽  
Spheres Of Influence ◽  
Three Phase ◽  
Belt And Road ◽  
Sphere Of Influence ◽  
The Belt And Road

The new wave of modern rail transit and the proposal of the Belt and Road Initiative (BRI) have complicated the business patterns of the rolling stock manufacturing industry (RSMI) and the export of rolling stock products, especially in the case of countries participating in the BRI. Based on the analysis of trade patterns—which focuses on the evolution of trade links, community structures, and intraregional export competitiveness—this study aims to explore the changes in the RSMI within the BRI region from 2003 to 2017. Sequential clustering was applied to the creation of a three-phase timeline. The network models of the cumulative trade of the rolling stock products and trades of two typical categories of products were constructed in each phase for the evolution analysis. Social network analysis methods, such as the analysis of network indices and community detection, were also applied. The results show that from 2003 to 2017, the connectivity of the rolling stock trade in this region significantly increased. China was the largest exporter, with increasing trade influence and technological strength. Ukraine and Russia were less competitive and highly mutually dependent. Czechia and Austria’s competitiveness remained prominent, but compared with China they lacked expansive vitality. South Korea was also an active and competitive country with strong technological prowess. These countries accounted for the majority of the exports, and were always at the center of their own separate communities, over which they maintained a sphere of influence. The grouping of countries far from any such spheres of influence changed frequently.

The Belt and Road Initiative and Sino-Russian economic cooperation: Is there one more chance for us?

2019 ◽  
pp. 47-71
Author(s):  
Petr M. Mozias
Keyword(s):  
Regional Integration ◽  
Raw Materials ◽  
Belt And Road Initiative ◽  
Stage Of Development ◽  
Belt And Road ◽  
Flexible Framework ◽  
The One ◽  
International Transactions ◽  
The Belt And Road ◽  
Current Stage

China’s Belt and Road Initiative could be treated ambiguously. On the one hand, it is intended to transform the newly acquired economic potential of that country into its higher status in the world. China invites a lot of nations to build up gigantic transit corridors by joint efforts, and doing so it applies productively its capital and technologies. International transactions in RMB are also being expanded. But, on the other hand, the Belt and Road Initiative is also a necessity for China to cope with some evident problems of its current stage of development, such as industrial overcapacity, overdependence on imports of raw materials from a narrow circle of countries, and a subordinate status in global value chains. For Russia participation in the Belt and Road Initiative may be fruitful, since the very character of that project provides us with a space to manoeuvre. By now, Russian exports to China consist primarily of fuels and other commodities. More active industrial policy is needed to correct this situation . A flexible framework of the Belt and Road Initiative is more suitable for this objective to be achieved, rather than traditional forms of regional integration, such as a free trade zone.

Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.

The Belt and Road Initiative: Goals and Challenges

2020 ◽  
pp. 167
Author(s):  
Adnan Khalaf i Hammed Al-Badrani ◽  
Hind Ziyad Nafeih
Keyword(s):  
Development Strategy ◽  
Soft Power ◽  
Oil And Gas ◽  
Power Lines ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
Ancient Silk Road ◽  
Main Engine ◽  
The Belt And Road

The Belt and Road Initiative is an initiative to revive the ancient Silk Road, through networks of land and sea roads, oil and gas pipelines, electric power lines, the Internet and airports, to create a model of regional and international cooperation.       It is essentially a long-term development strategy, launched by the Chinese president in 2013 to become the main engine of Chinese domestic policy and foreign diplomacy and within the framework of the soft power strategy, to enhance its position and influence in the world as a peaceful and responsible country.   The study includes identifying the initiative and setting goals for China, as well as the challenges and difficulties that hinder the initiative.

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