Environmental risks and power plant suspensions

Power sector investment is crucial to accelerate a sustainable energy transition, but not all investments are successful. To shed light on investment trends, we examine 1393 Chinese overseas electric power projects spanned around 78 countries over the past two decades. We identify 5% have been cancelled or delayed, with coal and hydro projects having much higher failure rates than solar and wind projects. We find the suspension is associated with technology-specific, georeferenced environmental risks. Coal projects located in more densely populated areas where more people are exposed to air pollutants, in countries with more fatalities from extreme weather events, and in places with environmental protests, are more likely to be suspended. Additionally, hydro projects closer to protected areas have a higher suspension rate. Our results suggest that restraining from investing in environmentally risky projects helps mitigate environmental damages and prevent financial losses due to cancellation and postponement.

The Evolution and Characteristics of Chinese Overseas Education in the UK (1949-1965)

Objectives: On the eve of the founding of the People's Republic of China, a large number of students studying in Britain returned home under the influence of the Chinese policies and their patriotic feelings, which laid the foundation for studying abroad education in New China. In the first few years after the founding of New China, the Chinese government adopted a "one-sided" approach in diplomacy, that is, it favored the eastern bloc headed by the Soviet Union and did not send students to Britain. After the Korean War, China and Britain established diplomatic relations at the level of charge d'affairs in 1954, providing an opening for Chinese overseas education in Britain. From 1956 to 1965, China sent a certain number of international students to Britain, which was determined by Sino-British relationship. The majors of these English students were mainly natural science, and a few students’ majors were English language. The living expenses of students studying in the UK were provided by the Chinese Embassy in the UK, which exercised the authority to manage students studying in the UK.

Delayed-Onset PTSD and Coping Strategies of Chinese College Students During the COVID-19 Pandemic

Coronavirus disease 2019 (COVID-19) has become a pandemic, and many Chinese college students both in China and abroad were house-quarantined. This study aimed to investigate the prevalence and symptoms of delayed-onset post-traumatic stress disorder (PTSD) and coping strategies among Chinese overseas and domestic college students during this pandemic. A questionnaire was opportunistically distributed to Chinese college students studying both domestically and abroad six months after the COVID-19 outbreak. The questionnaire consisted of IES-R, SCSQ, and SSRS. The average score of delayed-onset PTSD in our population was 21.411 (full mark, 88 points), which reflected a total high level of delayed-onset PTSD symptoms. Statistical differences were shown between students who have been back to universities during the pandemic or not in the hyperarousal dimension (p = 0.016). Three coping strategies were recognized to influence the respondent’s delayed-onset PTSD symptoms, and there was a significant correlation between social support and the coping strategies students chose. A moderate to high level of delayed-onset PTSD was observed among both Chinese overseas and domestic college students 6 months after the COVID-19 outbreak. The useful coping strategies and powerful social supports are significantly important to help them stay mentally healthy and alleviate delayed-onset PTSD during the COVID-19 pandemic.

Geolocated dataset of Chinese overseas development finance

China is now the world’s largest source of bilateral development finance and will likely continue to play a prominent role in sovereign lending through its multi-billion-dollar Belt and Road Initiative. This paper introduces major methodological enhancements in tracking this finance: the use of an original application programming interface (API) to gathers news in multiple languages; double-verification of every record to ensure every finance commitment has been formalized; and visual geo-location to trace the precise footprint of every project. The resulting dataset enables economic, environmental, and social analyses with high-precision spatial accuracy, as well as spatiotemporal monitoring by project stakeholders and enhanced planning by project managers. It covers the years 2008–2019 to enable analysis before and after the announcement of the Belt and Road Initiative. It includes 862 finance commitments, 669 of which have geographic location, to 94 countries across the world.

How do the institutions matter for MNE subsidiaries’ CSR in host countries? Evidence from Chinese overseas subsidiaries

Based on the institutional perspective, this article examines whether institutional pressures in home and host countries affect multinational enterprise (MNE) subsidiaries’ corporate social responsibility (CSR) practices and whether the institutional distance between home and host countries moderates these relationships. We collect data from 185 Chinese MNEs’ 349 foreign subsidiaries operating in 27 host countries and conduct a cross-classified multilevel model analysis of the data. The findings indicate that institutional pressures in home and host countries significantly affect the CSR practices of the MNE subsidiaries operating in host countries. Also, we find that the formal and informal institutional distances between the home and host countries exert different interaction effects on these CSR practices. The findings from this study offer useful implications for MNEs’ social strategies for sustainability. JEL CLASSIFICATION: G38, L16, M16, Q17

Evaluation of Chinese Transport Infrastructure Investment Performance in Countries along the Belt and Road Initiative

Since the launch of the Belt and Road Initiative (BRI) in 2013, Chinese enterprises have invested heavily in transport infrastructure projects. In order to better promote Chinese overseas transport infrastructure investment (TII) and avoid additional risks, it is necessary to scientifically assess the performance of Chinese TII in countries along the BRI and explore the promotion path of Chinese TII performance. For this reason, we used a superefficient slacks-based measurement (SE-SBM) model to calculate Chinese TII performance based on 5 dimensions, including political environment, economic environment, institutional environment, humanistic environment, and social environment. These 5 dimensions were divided into 14 indicators, and we used quantification with indirect data to quantify all indicators. Then, according to the performance value of selected countries, we classified them into high-, medium-, and low-performance areas. Next, combined with the scale of returns and the shadow price of input indicators, we provided the promotion measures of each performance area. Our analysis generates valuable measures to reduce TII risks and better promote the connectivity of countries along the BRI.

THE GLOBALIZATION OF CHINA'S COAL INDUSTRY: THE ROLE OF DEVELOPMENT BANKS

This article examines the political economy of Chinese overseas development finance for coal fired power plants. In just over a decade China's two major policy banks provide more financing for overseas coal-fired power plant expansion than any other public financier in the world economy. We show how China's overseas surge in public financing for coal fired power plants is a function of a number of domestic push and foreign pull factors. Excess capacity, environmental regulation, and structural change are push factors that converge with rising demand for energy, pockets of coal abundance, and the lack of financing in Western capital markets for coal fired power plants. Fragmentation across the Chinese system and the demand for coal outside China's borders allow for a decline sector on the mainland to become a global Chinese powerhouse.

Private Security Companies: Emerging Protectors of China’s Overseas Interests

An increasing number of Chinese enterprises and citizens are going abroad, which exposes them to risks threatening their personal safety and security of their property. With the expansion of Chinese overseas interests, traditional protection methods fall short of a demand for diverse services, revealing a major shortfall in the Chinese government’s capability to provide overseas security protection for its citizens. New service providers are therefore urgently needed, and private security company are becoming an increasingly popular choice. As this is a fairly new demand, only a small number of Chinese private security companies are operating overseas at present. Difficulties abound for them, such as absence of regulatory clarity on business operation and gun control. The presence of private security providers could also pose a challenge to host nation authority and trigger conflicts. To serve as true protectors of overseas Chinese interests, Chinese private security companies have a long way to go.