The development of the community of the common destiny of mankind has great investment potential, the full disclosure of which depends on the effective cooperation not only of states but also of the corporate sector, especially in a cross-border format. The article argues for the need to develop the internal potential of Asian companies against the background of strengthening international economic ties and improving the investment climate of countries participating in investment processes. The example of China's investment activity in Asian countries shows that, despite global crisis phenomena and upheavals, a grandiose potential has been formed for the implementation of important global initiatives, the most powerful of which scientists, practitioners and even politicians rightly consider the "One Belt One Road" project. Large-scale foreign investments and the choice of appropriate methods of cross-border entry into markets of potential investment interest have a decisive influence on the success of large Chinese enterprises in the context of the development and implementation of this project. At the same time, the authors emphasize the choice of such methods of investment interaction as mergers and acquisitions (M&A) or greenfield investments. Based on the use of economic and mathematical modelling, the authors demonstrated the influence of internal and external factors on the choice of investment method by large Chinese companies in countries that are promising partners in the implementation of China's global initiative "One Belt One Road". The analysis of the potential for investment begins with the division of factors into two conditional groups, on the one hand, it is about the intra-corporate potential in the composition of the factors of strategic assets, technical capabilities, international experience, capabilities of enterprise management and the scale of the enterprise. On the other hand, the external environment is taken into account, the analytical assessment of which is based on the index of infrastructure development of the host country, control over capital and the value of cultural distance. Considering the research interest, as part of the analysis of the investment potential for cross-border interaction, such countries as India, Indonesia, Pakistan, Kazakhstan and Vietnam along the route were selected. Through the quantitative analysis of 108 investment projects in 6 countries, a benchmark for the entry of foreign investment by Chinese large enterprises through mergers and acquisitions (M&A) or greenfield investment has been obtained.
The authors show China’s desire to create a new type of Sinocentric globalization thanks to effective cooperation, coordination and solidarity, the principles of true multilateralism and the rule of law, the use of China’s wealth and industrial know-how, and the attraction of countries and companies into the Chinese orbit. It is argued that the significant improvement of the internal potential of the PRC characterizes the readiness of its powerful economic base for the formation of international bilateral and multilateral relations and the development of promising partnership relations between the PRC and other selected countries in the vector of investments in infrastructure and economic projects, which in general should ensure a closer connection connection with the countries of Asia and Europe and will contribute to the implementation of China’s external strategy of openness of a new type, as well as the sustainable development of transport and global transport infrastructure. “One Belt, One Road” is the largest geo-economic project in the history of mankind, aimed at creating and strengthening multinational ties, increasing the intensity of economic, cultural and political exchanges. Thanks to gigantic investment investments until 2049 (the 100th anniversary of the founding of the People’s Republic of China), with the support of the BRICS New Development Bank, the South-South Cooperation Promotion Fund, AIIB and the Silk Road Fund, the project should lead to the consolidation of the vast European-Asian space and parts of Africa (65 countries), in which more than 4 billion people live. The article focuses on the Initiative Project of the People’s Republic of China “One Belt, One Road” in terms of the importance of participation and partnership support of countries on this route, especially large countries such as India. It has been demonstrated that although the One Belt One Road Project aims to create a new model of cooperation in the promising partnership relations of China and India, the ambitions of the South Asian region are a “challenge” for both states. Based on the analytical evaluations of interstate relations between the PRC and India in different periods with a fairly wide range of development from cooperation to competition and even confrontation, the authors state that national strategic trends create various challenges for Sino-Indian relations. That is why the authors focused attention on the dual nature of the relations between these two countries and revealed, on the one hand, the development of friendly relations of cooperation, on the other hand, the presence and growth of geostrategic competition between China and India, which is likely to influence the formation of an adequate economic basis for investment cooperation of the People’s Republic of China with India as a potential partner in the implementation of the “One Belt, One Road” initiative, as well as on the project deployment scenario itself.
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