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Role of China in the development of trade and FDI cooperation with BRICS countries

Author

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  • Gusarova, Svetlana

Abstract

BRICS countries (Brazil, Russia, India, China, South Africa) over the next 50 years could become the driving force in the world economy. They have the huge joint potential and wide opportunities. Further growth of their economies requires creation of their closer partnership in trade and investments. China is playing the leading role in this process, as a main investor and importer of FDI (foreign direct investment) and trade partner in BRICS group. Trade and investment cooperation of BRICS countries is a new paradigm of the formation of their economic growth. This problem is important, but still insufficiently studied and not enough reflected in the economic researches. For the first time, author developed and tested the methodology of the determining the Intra-BRICS potential of trade and investment cooperation and getting the synergistic effect of the economic interaction of BRICS countries. Trade and investment cooperation of China with other BRICS countries exerts very strong impact on the development of their economies. China continue to deepen its economic ties with other BRICS countries and open up its financial market to serve as a cushion against rising global uncertainty. Development of Intra-BRICS trade and investment cooperation is very important in the context of trade war imposed by the USA against China.

Suggested Citation

  • Gusarova, Svetlana, 2019. "Role of China in the development of trade and FDI cooperation with BRICS countries," China Economic Review, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:chieco:v:57:y:2019:i:c:s1043951x19300100
    DOI: 10.1016/j.chieco.2019.01.010
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    Citations

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    Cited by:

    1. Bingqiang Li & Xi Li & Jinzhi Li & Hongchun Lin & Baojuan Rui, 2023. "Empirical Analysis of Export Tax Rebate on Inwards Foreign Direct Investment in China," SAGE Open, , vol. 13(4), pages 21582440231, December.
    2. Lu, Shuai & Chen, Ning & Zhou, Wei & Li, Shouwei, 2024. "Impact of the belt and road initiative on trade status and FDI attraction: A local and global network perspective," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1468-1495.
    3. Hsiu-Ling Wu & Chien-Hsun Chen & Yi-Rou Chen, 2021. "Factors Influencing China’s Outward Foreign Direct Investment," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 15(3), pages 299-319, August.
    4. Chen, Jiandong & Xie, Qiaoli & Shahbaz, Muhammad & Song, Malin & Wu, Yuliang, 2021. "The fossil energy trade relations among BRICS countries," Energy, Elsevier, vol. 217(C).
    5. Velásquez, Jorge Sepúlveda & Griñen, Pablo Tapia & Henríquez, Boris Pastén, 2022. "Emerging market dynamics in H1N1 and COVID-19 pandemics," Economics Letters, Elsevier, vol. 218(C).
    6. Dai, Xingyu & Li, Matthew C. & Xiao, Ling & Wang, Qunwei, 2022. "COVID-19 and China commodity price jump behavior: An information spillover and wavelet coherency analysis," Resources Policy, Elsevier, vol. 79(C).
    7. Hassan, Kamrul & Hoque, Ariful & Wali, Muammer & Gasbarro, Dominic, 2020. "Islamic stocks, conventional stocks, and crude oil: Directional volatility spillover analysis in BRICS," Energy Economics, Elsevier, vol. 92(C).
    8. Karakurt, Izzet, 2021. "Modelling and forecasting the oil consumptions of the BRICS-T countries," Energy, Elsevier, vol. 220(C).
    9. Ismael Cristofer Baierle & Francisco Tardelli da Silva & Ricardo Gonçalves de Faria Correa & Jones Luís Schaefer & Matheus Becker Da Costa & Guilherme Brittes Benitez & Elpidio Oscar Benitez Nara, 2022. "Competitiveness of Food Industry in the Era of Digital Transformation towards Agriculture 4.0," Sustainability, MDPI, vol. 14(18), pages 1-22, September.
    10. Yufeng Ren & Zhemin Li & Yuting Wang & Tianyu Zhang, 2020. "Development and Prospect of Food Security Cooperation in the BRICS Countries," Sustainability, MDPI, vol. 12(5), pages 1-14, March.
    11. Li, Juncheng & Qin, Xiuting & Tang, Jian & Yang, Lu, 2022. "Foreign trade and innovation sustainability: Evidence from China," Journal of Asian Economics, Elsevier, vol. 81(C).
    12. Hu, Guoheng & Liu, Shan & Wu, Guo & Hu, Peng & Li, Ruiqi & Chen, Liujie, 2023. "Economic policy uncertainty, geopolitical risks, and the heterogeneity of commodity price fluctuations in China ——an empirical study based on TVP-SV-VAR model," Resources Policy, Elsevier, vol. 85(PA).
    13. Guo, Yulian & Wang, Feilan & Li, Ping, 2024. "The interplay of Fintech, natural resources, globalization, and environmental sustainability in China: A BARDL investigation," Resources Policy, Elsevier, vol. 88(C).
    14. Karakurt, Izzet & Aydin, Gokhan, 2023. "Development of regression models to forecast the CO2 emissions from fossil fuels in the BRICS and MINT countries," Energy, Elsevier, vol. 263(PA).
    15. Lukman Ayinde Olorogun, 2022. "Revisiting the Nexus of FDI-Led Growth Hypothesis and Economic Development in Rwanda: a Johansen-ARDL Approach to Cointegration," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2695-2717, December.

    More about this item

    Keywords

    BRICS countries; FDI; Trade and investment cooperation; economic potential; synergistic effect;
    All these keywords.

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • F - International Economics
    • F - International Economics

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