The Financial Implications Of China S Belt And Road Initiative

This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China.

Bringing together a collection of interdisciplinary chapters on China’s Belt and Road Initiative (BRI, or also known as One Belt One Road), this book offers a comprehensive overview of the topic from a business and management perspective. With contributions from scholars based in Asia, Europe and North America, Volume I provides theoretical and empirical analysis of the opportunities and challenges facing businesses in relation to BRI. Key areas covered include economics and finance, history, trade, value chain and human resource and cross-cultural management, creating a useful tool for academics, as well as policy-makers and practitioners in China and other countries along the new Silk Road.

This timely book examines the Belt and Road Initiative (BRI), assessing its effect on the international economic order and global governance more broadly. Through a variety of qualitative case studies, the book investigates the implementation of the BRI and evaluates its development outcomes both for China and the countries it interacts with under the initiative, along with its international implications.

This book analyzes the origins and the impacts of China’s Belt and Road Initiative (BRI) on diplomacy, economy (trade, investment, finance), and security among selected host countries and regions in Asia, Africa, and the European Union. By examining the geopolitical economy of BRI activities, it concisely describes the impact of the rise of China and its BRI policy strategy on the reshaping of world order and global governance. This volume explores the BRI by addressing several key questions including: • Why did the Chinese leadership set up the BRI? • What are the activities of BRI projects in the participating countries and related regions? • What are the challenges to the successful implementation of the BRI in the various countries and regions? Moreover, through its analysis of the abovementioned questions, it provides novel contributions to the ongoing scholarly debates between Chinese and non-Chinese scholars – among others, the debate surrounding the “rise of China” and its impact on global governance. Featuring an extensive variety of expert contributors, this study will be an essential reading for students and scholars of International Relations and Global Political Economy as well as Chinese politics and those with an interest in the Belt and Road Initiative more broadly.

This timely book examines the Belt and Road Initiative (BRI), assessing its effect on the international economic order and global governance more broadly. Through a variety of qualitative case studies the book investigates the implementation of the BRI and evaluates its development outcomes both for China and the countries it interacts with under the initiative, along with its international implications. Chapters discuss as-yet-unexplored cases from the ground in brand new studies based on fieldwork by leading academics, as well as providing alternative readings of the rationale behind the BRI. Questions about connectivity and the financial implications of Chinese investments are addressed, taking a balanced approach that demonstrates the complexity and nuance of these issues, and the far-from-linear impact that the BRI is having on global governance. This incisive book will be critical reading for scholars and policy makers working on China and global governance. It will also provide useful insights for officials and practitioners working in BRI countries and international institutions, think-tanks and NGOs. Contributors include: M.A. Carrai, J.-C. Defraigne, J.-F. Di Meglio, D. Freeman, F. Godement, A. Halegua, N. Kassenova, C.-C. Kuik, C. Ljungwall, S. Nanwani, T. Pairault, U. Wissenbach, J. Wouter

China’s Belt and Road Initiative (BRI) is intended to radically increase investment and integration along a series of land and maritime routes. As the initiative involves more than 100 countries or international organizations and huge amounts of infrastructure construction, cooperation between many different markets is essential to its success. Cheung and Hong have edited a collection of essays that, between them, examine a range of practical issues facing the BRI and how those issues are being addressed in a range of countries. Such challenges include managing financing and investment, ensuring infrastructure connectivity, and handling the necessary e-commerce and physical logistics. Emphasizing the role of Hong Kong as an intermediary and enabler in the process, this book attempts to tackle the key practical challenges facing the BRI and anticipate how these challenges will affect the initiative’s further development. The book provides a holistic and international approach to understanding the implementation of the BRI and its implications for the future economic integration of this huge region. Chapter 5 of this book is freely available as a downloadable Open Access PDF under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license. https://s3-us-west-2.amazonaws.com/tandfbis/rt-files/docs/Open+Access+Chapters/9780429467172_oachapter5.pdf

China's massive, globe-spanning Belt and Road Initiative (BRI) seeks to build everything from railways, ports, and power plants to telecommunications infrastructure and fiber-optic cables. Chinese President Xi Jinping's signature foreign policy endeavor, BRI has the potential to meet developing countries' needs and spur economic growth, but its implementation creates risks that outweigh its benefits. Unless the United States offers an effective alternative, China could reorient global trade networks, set technical standards that would disadvantage non-Chinese companies, lock countries into carbon-intensive power generation, increase its political influence over countries, and acquire power projection capabilities for its military. The COVID-19 pandemic has made a U.S. response more urgent as the global economic contraction has accelerated the reckoning with BRI-related debt. China's Belt and Road: Implications for the United States proposes that the United States respond to BRI by putting forward an affirmative agenda of its own, drawing on its strengths and coordinating with allies and partners to promote sustainable, secure, and green development.

The Belt and Road Initiative (BRI), officially unveiled in 2013, is Chinese President Xi Jinping’s signature foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. This book reviews the evolving BRI vision and offers a benefit-risk assessment of the BRI’s economic and geopolitical implications from the perspective of Asian stakeholder countries, using both qualitative and quantitative research methods. Among the value added of the book is first an online perception survey of opinion leaders from Asian participating countries on various aspects of the initiative. To our best knowledge, the survey is the first of its kind. Second, the book presents the simulation results of a computable general equilibrium model of the world economy to estimate the potential macroeconomic impacts of the BRI as a whole and those of its constituent overland and maritime economic corridors. Third, the book makes ten key evidence-based policy recommendations on how to enhance the prospect of a successful and mutually beneficial BRI 2.0 to both China and stakeholder countries.