Translation Tag: economic cooperation
Three Chinese state-affiliated researchers Jiang Zhao, Dong Chao, and Fu Jiang assess the impact of Trump 2.0 on the global economy and U.S.-China trade relations. They foresee Trump’s policies as harmful to multilateral economic cooperation, but they believe the impact on China will be limited. They also propose a slate of countermeasures for Beijing, which include further diversifying export markets and trade cooperation with emerging economies, optimizing China’s ability to attract foreign investment, accelerating RMB internationalization, and “telling China’s economic development story well” to influence global public opinion.
Yang Guoliang, a professor at the University of International Business and Economics (UIBE) in Beijing, frames U.S. pursuit of strategic competition with China as a reemergence of Western imperialism. He suggests the relative shift in economic power away from the West in past decades, toward the rest of the world, has led Washington to characterize globalization as “out-of-control” and introduce its own set of restrictions on international commercial engagement. While reiterating the need for continued reform and opening up, he underscores the need for China to set its own limits on commercial openness — particularly in the realm of inbound foreign investment from the West — in order to safeguard its sovereignty, security and development interests.
Lou Yu, a scholar from the Chinese Academy of Social Sciences (CASS), traces opportunities and challenges for continued development of Beijing’s Belt and Road Initiative (BRI) and broader regional engagement in Latin America. Lou is relatively sober on prospects for bilateral ties, pointing to the geopolitical situation in Latin America (specifically, growing U.S. and European interests in the region), substantial crime rates and associated security challenges to Chinese investment, and political instability in many Latin American countries. Nevertheless, Lou suggests that political trends in the region – including a resurgence of left-leaning governments – may result in greater openness to BRI engagement going forward.
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.