Translation Tag: economic development
Zhang Jie, a prominent scholar at the Xi’an International Studies University, suggests India’s intensified engagement with Global South aims to amplify New Delhi’s voice in global governance, compete with China for geopolitical influence, and deepen ties with Washington. Zhang suggests other Global South countries are unlikely to be receptive to this engagement, given their inherent suspicion of India’s growing ties with the West and fear of friction with China.
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.
Qu Qingshan, one of China’s top Party theorists, argues that developing and modernizing the financial system is an integral component in the pursuit of modernization and “rejuvenation of the Chinese nation.” He emphasizes that for China to be a strong player in the global financial system, several structural risks in the domestic finance industry must be addressed. This piece appears in one of the leading Party newspapers and echoes Xi Jinping’s recent emphasis on strengthening the financial system, signaling policy priorities.
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 eleventh collective study session of the 20th Central Committee Politburo was held on January 31, 2024 and was presided over by Xi Jinping. At this session, Xi delivered a speech emphasizing the urgency of accelerating high-quality development through technological innovation, with a focus on upgrading advanced manufacturing, deploying clean technologies, and building better talent pipelines in the science and technology fields.
Scholars from Huaqiao University explore the implications of generative AI for China’s prosperity and national security, following the launch of ChatGPT. They emphasize the pivotal role leadership in AI research and applications will play in global power distributions going forward, given implications for standards-setting ability, productivity growth, and information control.
Wu Zhaohui, vice minister of the Ministry of Science and Technology and China’s lead delegate at the 2023 Bletchley AI Summit, delivered a keynote address at a summer 2023 AI conference in Beijing. This news coverage includes highlights of his speech where he suggested ChatGPT will usher in a ‘new industrial revolution,’ and have significant impacts on labor, production, business models, and the global economic landscape more broadly.
Yao Yang, a leading economist at Peking University, argues pessimistic assessments of China’s growth trajectory underestimate strengths of the Chinese economy. These strengths, in Yao’s view, include China’s technological prowess, especially in clean energy products of the future such as EVs and solar panels, and its scale and cost advantages in manufacturing. Yao argues that Western efforts to “derisk” may impinge on China’s technological development temporarily, but will come at higher costs for the United States and its partners, given the funds required to reshore manufacturing and the projected revenue losses of selling key technology products to China.
Lu Feng, a Peking University professor, argues a closed-loop domestic integrated circuit (IC) supply chain is urgently needed in the face of U.S. and allied technology controls. He suggests Beijing advance this goal by encouraging Chinese enterprises in the field to buy from and sell to each other – decisions that, Lu argues, will be made easier by U.S. technology controls. Lu also suggests China play to its strengths and use its expansive market as a source of leverage to influence the scope of such controls.