This paper identifies the international industrial capacity cooperation led by the Chinese government and participated by Chinese companies under the Belt and Road Initiative(BRI)as“inclusive industrial capacity coop...This paper identifies the international industrial capacity cooperation led by the Chinese government and participated by Chinese companies under the Belt and Road Initiative(BRI)as“inclusive industrial capacity cooperation with a capacity-building orientation.”BRI cooperation demonstrates brand-new characteristics compared with previous international direct investments in terms of participants,investment areas and results.BRI cooperation aims to enhance local development capacity,promote economic development,increase exports,and improve industrial ecosystems.In the long run,international industrial capacity cooperation under the BRI helps achieve sustainable development in China and BRI countries for multi-win results.Yet risks and challenges also warrant attention and require countermeasures.展开更多
THIS year marks the sixth anniversary of the inception of the Belt and Road Initiative (BRI). In April 2019, China will host the second Belt and Road Forum for International Cooperation in Beijing. While welcoming gue...THIS year marks the sixth anniversary of the inception of the Belt and Road Initiative (BRI). In April 2019, China will host the second Belt and Road Forum for International Cooperation in Beijing. While welcoming guests from all over the world, we also need to make clarifications on some internationally prevalent misunderstandings about the initiative.展开更多
According to the Word Bank,in the first 38 years of China,economic reform took 700 million people out poverty line in China at the same time benefiting the Global South economy due to the integration of the transnatio...According to the Word Bank,in the first 38 years of China,economic reform took 700 million people out poverty line in China at the same time benefiting the Global South economy due to the integration of the transnational enterprises global value chains with China.Chinese government understood the economic rational of global value chains,Flying Geese Model,and foreign direct investment theories and introduced policies to attract foreign capital,technology,production,and foreign buyers,placing China as the final stage of the production networks in Asia and also transforming China in the biggest buying market of many resources and energy suppliers from less developed countries in Asia,Africa,and South America.But a new model of Chinese economic development even more interconnected and interdependent with the world is now on move.Even quite before the world acknowledge the protectionist mindset of the US in Trump era,Chinese President Xi Jinping launched in 2013 a very ambitious initiative under the name of“One Road,One Belt,the 21st-Century Maritime Silk Road”to enhance a new stage of world globalization,which together with two complimentary initiatives:the“International Production Cooperation”and“Third-Country Market Cooperation”,and in complementarity with the“Made in China 2025”and“Internet Plus”plans will lead China to develop global value chains leaded by Chinese companies and integrating countries of Europe,Africa,Asia,and South America.展开更多
Since the Belt and Road Initiative(BRI)was put forward,t he Ch i nese gove r n ment ha s cont i nuou sly promoted f i na ncial cooperation and made financial intermediation an important support of its framework.Starti...Since the Belt and Road Initiative(BRI)was put forward,t he Ch i nese gove r n ment ha s cont i nuou sly promoted f i na ncial cooperation and made financial intermediation an important support of its framework.Starting from this cooperation as promoted under the framework of the BRI generally and the bilateral financial cooperation between China and the Visegrád Group(V4)specifically,this paper comprehensively analyzes the historical context of financial cooperation and the data details in the economic areas between China and the V4,and compares the financial cooperation between the EU and the V4 countries.It points out that this cooperation has had an overall development.However,owing both to the unbalanced trade between China and the V4 and to the great differences in their financial systems,its continued development has been hindered.In addition,there is not enough capacity for financial service nor are there enough institutions of financial cooperation to support this development.Hence,looking at the factors affecting financial cooperation,this study puts forth four aspects to promote the development of financial cooperation between China and the V4:strengthening political cooperation,improving financing tools and the level of financial-cooperation service,strengthening financial supervision,and cooperation with multilateral financial institutions.展开更多
基金the CASS Innovation Project “Study on the Global Value Chain Layout of China’s Manufacturing Industry” under the Advantageous Discipline of CASS Peak Strategy (industrial economics)
文摘This paper identifies the international industrial capacity cooperation led by the Chinese government and participated by Chinese companies under the Belt and Road Initiative(BRI)as“inclusive industrial capacity cooperation with a capacity-building orientation.”BRI cooperation demonstrates brand-new characteristics compared with previous international direct investments in terms of participants,investment areas and results.BRI cooperation aims to enhance local development capacity,promote economic development,increase exports,and improve industrial ecosystems.In the long run,international industrial capacity cooperation under the BRI helps achieve sustainable development in China and BRI countries for multi-win results.Yet risks and challenges also warrant attention and require countermeasures.
文摘THIS year marks the sixth anniversary of the inception of the Belt and Road Initiative (BRI). In April 2019, China will host the second Belt and Road Forum for International Cooperation in Beijing. While welcoming guests from all over the world, we also need to make clarifications on some internationally prevalent misunderstandings about the initiative.
基金This work was supported by FCT,I.P.,the Portuguese national funding agency for science,research and technology,under the Project UID/SOC/04521/2019.
文摘According to the Word Bank,in the first 38 years of China,economic reform took 700 million people out poverty line in China at the same time benefiting the Global South economy due to the integration of the transnational enterprises global value chains with China.Chinese government understood the economic rational of global value chains,Flying Geese Model,and foreign direct investment theories and introduced policies to attract foreign capital,technology,production,and foreign buyers,placing China as the final stage of the production networks in Asia and also transforming China in the biggest buying market of many resources and energy suppliers from less developed countries in Asia,Africa,and South America.But a new model of Chinese economic development even more interconnected and interdependent with the world is now on move.Even quite before the world acknowledge the protectionist mindset of the US in Trump era,Chinese President Xi Jinping launched in 2013 a very ambitious initiative under the name of“One Road,One Belt,the 21st-Century Maritime Silk Road”to enhance a new stage of world globalization,which together with two complimentary initiatives:the“International Production Cooperation”and“Third-Country Market Cooperation”,and in complementarity with the“Made in China 2025”and“Internet Plus”plans will lead China to develop global value chains leaded by Chinese companies and integrating countries of Europe,Africa,Asia,and South America.
文摘Since the Belt and Road Initiative(BRI)was put forward,t he Ch i nese gove r n ment ha s cont i nuou sly promoted f i na ncial cooperation and made financial intermediation an important support of its framework.Starting from this cooperation as promoted under the framework of the BRI generally and the bilateral financial cooperation between China and the Visegrád Group(V4)specifically,this paper comprehensively analyzes the historical context of financial cooperation and the data details in the economic areas between China and the V4,and compares the financial cooperation between the EU and the V4 countries.It points out that this cooperation has had an overall development.However,owing both to the unbalanced trade between China and the V4 and to the great differences in their financial systems,its continued development has been hindered.In addition,there is not enough capacity for financial service nor are there enough institutions of financial cooperation to support this development.Hence,looking at the factors affecting financial cooperation,this study puts forth four aspects to promote the development of financial cooperation between China and the V4:strengthening political cooperation,improving financing tools and the level of financial-cooperation service,strengthening financial supervision,and cooperation with multilateral financial institutions.
