Translation Tag: economic cooperation
This article, penned by scholars from the Chinese Academy of Social Sciences and Tongji University, explores how China can use the BRI to navigate U.S. trade and technology controls. Drawing on three case studies of BRI projects in Southeast Asia, the authors suggest Beijing can better insulate itself from the impact of U.S. controls through deepened economic integration with BRI partners. They also argue it will be important to ensure BRI projects benefit partners in areas from technology upgrading to human capital development, to challenge what they see as Western efforts to discredit the BRI among China’s neighboring countries.
In this lengthy article, a BRI researcher at China Development Institute, a Shenzhen-based think tank, outlines perceived challenges to the Belt and Road Initiative around its 10th anniversary. These include geopolitical risks from competition with the United States, political and financial instability within partner countries, weak economic growth, and ill-defined goals and poor marketing. The author recommends Beijing improve risk monitoring and project oversight to manage financial and economic risks, and improve the BRI’s reputation across the globe by deepening diplomatic cooperation with a wide array of countries.
A researcher at Peking University explores risks to future projects under the Belt and Road Initiative (BRI). These risks, in his analysis, range from intensifying geopolitical competition to instability in the business environments of partner countries. The author highlights the need to address concerns in partner countries about the ultimate intent of BRI investments, associated with the heavy involvement of China’s SOEs. To address these risks, he recommends increasing intergovernmental dialogue with host countries, implementing risk assessment systems, and improving the reputation of the BRI by marketing Chinese culture through international exchanges, among other measures.
This is a transcript of a July 2023 speech delivered by Shi Yinhong, an international relations scholar at Renmin University, and an interview conducted by Xue Li, a researcher at the Institute of World Economy and Politics of the Chinese Academy of Social Sciences. Shi argues that due to rising suspicion of China in developing countries and economic resource constraints at home, Beijing must become much more targeted and responsive to the needs of developing countries in initiating and facilitating projects along the BRI. Shi also encourages Beijing and Chinese experts to be careful when making public assessments of the geo-strategic significance of the BRI so as not to raise concerns in potential partner countries.
Niu Haibin, a foreign policy scholar at the Shanghai Institutes for International Studies, explains the rising international influence of the Global South and assesses implications for China. Niu recommends Beijing amp up efforts to frame itself as a member of the Global South and publicly push for expansion of BRICS and other initiatives, which can enhance China’s ties with individual members of the Global South and build perceptions of China as a leader of among them.
Ren Lin, a global governance scholar at the Chinese Academy of Social Sciences, suggests Washington is selectively engaging the Global South in ways designed to intensify contradictions and antagonisms between its membership. This strategy, Ren assesses, ultimately aims to isolate China and reduce the effectiveness of BRICS and other groups that threaten U.S. agenda-setting in global governance.
A Middle East researcher explores drivers behind Arab countries’ growing interest in BRICS membership, on the back of successful accession of Saudi Arabia, Egypt, and the United Arab Emirates to the organization in 2023. He argues that the countries hope to benefit economically from closer ties with China and Russia in the energy field, but also see BRICS membership as a way to accelerate the formation of a multipolar world order more favorable to their interests.
Scholars at the Shanghai International Studies University suggest Beijing is deepening its economic, diplomatic, and security engagement in the Middle East largely at the request of countries in the region. Going forward, the authors suggest that as it seeks greater international influence, Beijing will need to carefully manage its regional engagement in order to avoid disappointing expectations among these states and minimize points of frictions with other extra-regional powers such as the U.S. and EU.
The CCP Politburo holds “collective study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The eighth collective study session of the 20th Central Committee Politburo was held on September 27, 2023 and was presided over by Xi Jinping. At this session, Xi delivered a speech to Party cadres where he emphasized the need for China to participate in WTO reform, enhance its attractiveness to foreign investment, and improve its position in global value chains.
Researchers at Yunnan University and East China University of Political Science argue China’s aid and investment to Africa are inaccurately portrayed by Western countries as “debt trap diplomacy,” exacerbating sovereign debt risks in African countries and driven primarily by strategic rather than commercial objectives. To rebut and limit the reach of such arguments, the authors suggest Beijing seek ways to diversify Chinese investment and aid across sectors and projects, help Chinese enterprises assess investment risk and follow laws and social norms of host countries, better target aid to national development conditions, and strengthen media engagement in Africa and the West.