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Three questions on China's “Belt and Road Initiative”

Author

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  • Cheng, Leonard K.

Abstract

Three broad questions about China's “Belt and Road Initiative” are raised. First, what are likely to be the real objectives behind the Initiative? Second, are investment and trade, considered the “major task” of the Initiative by China, to be driven by market-based transactions, or will they be a form of foreign aid that is not based on economic calculation of gains and losses? Third, which of the 60 or so countries in Asia, Europe and Africa along the Belt and Road will likely be the Initiative's priority targets of economic cooperation?

Suggested Citation

  • Cheng, Leonard K., 2016. "Three questions on China's “Belt and Road Initiative”," China Economic Review, Elsevier, vol. 40(C), pages 309-313.
    • Handle: RePEc:eee:chieco:v:40:y:2016:i:c:p:309-313
    DOI: 10.1016/j.chieco.2016.07.008
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    Cited by:

    1. Han, Lei & Han, Botang & Shi, Xunpeng & Su, Bin & Lv, Xin & Lei, Xiao, 2018. "Energy efficiency convergence across countries in the context of China’s Belt and Road initiative," Applied Energy, Elsevier, vol. 213(C), pages 112-122.
    2. Junhan Huang & Rui Zhao & Tao Huang & Xiaoqian Wang & Ming-Lang Tseng, 2018. "Sustainable Municipal Solid Waste Disposal in the Belt and Road Initiative: A Preliminary Proposal for Chengdu City," Sustainability, MDPI, vol. 10(4), pages 1-15, April.
    3. Yu, Shu & Qian, Xingwang & Liu, Taoxiong, 2019. "Belt and road initiative and Chinese firms' outward foreign direct investment," Emerging Markets Review, Elsevier, vol. 41(C).
    4. Razzaq, Asif & An, Hui & Delpachitra, Sarath, 2021. "Does technology gap increase FDI spillovers on productivity growth? Evidence from Chinese outward FDI in Belt and Road host countries," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    5. Ning Zhu & Xiang Dai & Tomas Baležentis & Dalia Streimikiene & Zhiyang Shen, 2022. "Estimating production gains from international cooperation: Evidence from countries along the Belt and Road," Economic Change and Restructuring, Springer, vol. 55(2), pages 715-736, May.
    6. Wang, Hui & Si, Ieongcheng & Chen, Zhihua, 2024. "Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 63-83.
    7. Zhao, Laijun & Zhao, Yue & Hu, Qingmi & Li, Huiyong & Stoeter, Johan, 2018. "Evaluation of consolidation center cargo capacity and loctions for China railway express," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 117(C), pages 58-81.
    8. Zhao, Yabo & Liu, Xiaofeng & Wang, Shaojian & Ge, Yuejing, 2019. "Energy relations between China and the countries along the Belt and Road: An analysis of the distribution of energy resources and interdependence relationships," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 133-144.
    9. Peter J. Buckley, 2018. "Towards a theoretically-based global foreign direct investment policy regime," Journal of International Business Policy, Palgrave Macmillan, vol. 1(3), pages 184-207, December.
    10. Wei Yin, 2019. "Integrating Sustainable Development Goals into the Belt and Road Initiative: Would It Be a New Model for Green and Sustainable Investment?," Sustainability, MDPI, vol. 11(24), pages 1-22, December.
    11. John Gibson & Chao Li, 2018. "The “Belt and Road Initiative†and comparative regional productivity in China," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 5(2), pages 168-181, May.
    12. van Bergeijk, P.A.G., 2018. "China’s economic hegemony (1-2050 AD)," ISS Working Papers - General Series 637, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    13. Zhang, Yifei & Fang, Heyang, 2019. "Does China's overseas lending favors One Belt One Road countries?," MPRA Paper 97785, University Library of Munich, Germany.
    14. Fayin Xu, 2019. "The Belt and Road Initiative and Globalization:The Perspective of Globalization-Constituting Theory," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, issue 1, June.
    15. Jelena M. Andrić & Jiayuan Wang & Ruoyu Zhong, 2019. "Identifying the Critical Risks in Railway Projects Based on Fuzzy and Sensitivity Analysis: A Case Study of Belt and Road Projects," Sustainability, MDPI, vol. 11(5), pages 1-18, March.
    16. Li, Ying & Shou, Yongyi & Ding, Ronggui & Sun, Tao & Zhou, Qing, 2019. "Governing local sourcing practices of overseas projects for the Belt and Road Initiative: A framework and evaluation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 126(C), pages 212-226.
    17. Yu, Linhui & Zhao, Dan & Niu, Haixia & Lu, Futao, 2020. "Does the belt and road initiative expand China's export potential to countries along the belt and road?," China Economic Review, Elsevier, vol. 60(C).

    More about this item

    Keywords

    China; Belt and Road Initiative; Foreign investment and foreign trade; Infrastructure facilities; Regional economic cooperation;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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