With the implementation of the "Going out" strategy and the Belt and Road Initiative, China's investments have become increasingly influential in the global market. The contemporary literature has revealed how overseas Chinese networks and communities have actively promoted foreign investments into China over the past four decades. Whether this factor can help Chinese capital flow out once again is still ambiguous. This study examines this question by investigating Chinese corporate investments in Southeast Asia from 2001 to 2016. Through the discrete-selection logistic regression model, the study analyzes the correlation between overseas Chinese social networks and the location choices of Chinese corporate investments. The results show the following: (1) overall, there is a significant positive correlation between the population of overseas Chinese in Southeast Asian countries and the location choices of Chinese corporate investments; (2) in terms of the time sequence, the significance of the correlation is increasing, which implies that overseas Chinese have positive impacts on promoting the location choice of Chinese enterprises and that the impact is potentially increasing; and (3) in terms of the industrial structure and corporate functions, the impacts vary and are only significant in some industries and corporate segments.
As an innovative mode of China's foreign direct investment, China's overseas industrial parks are not only the main content of the Belt and Road Initiative (BRI) but also the practical carrier of policy transfer. However, most of the academic literature on the policy transfer of overseas industrial parks has regarded the host country as a passive learner and seldom considers the two-way interactions between the host country and the home country. Using the Malaysia-China Kuantan Industrial Park (MCKIP) and the "Two Countries, Twin Parks" model as case studies, we discuss the applicability and innovative development of the policy transfer theory of China's overseas industrial parks under the background of BRI. This article systematically analyzes the developmental background of the MCKIP and the cooperative framework between the governments. We consider the problems encountered in the policy transfer process and the solutions, as well as the two-way interactions between China and Malaysia in terms of the flow of people, logistics, capital, information, and technology. The study sheds light on the construction of the "Two Countries, Twin Parks" overseas industrial park.
Since the reform and opening up, China has been embedded in global economy. As one of the fastest developing regions, the Pearl River Delta in South China has rapidly developed from an agriculture-based region to a world factory and is subsequently becoming a global innovation center. In the process of rapid development of globalization, marketization and decentralization, how the planning theory and planning concept are applied in this region? And how does the planning adapt to the needs of development to do the space regulation? This paper combs the previous regional plannings of the Pearl River Delta, analyzing how to effectively guide and reshape the sustainable development space under the background of land and space disorder. Four key conclusions emerge from this review. First, the concept of planning has been developing from incremental planning to stock planning. Second, there is a transformation of planning contents that is from building of an economy-oriented production space like industry park planning, to improving quality of the living space and providing environment-friendly ecological space such as greenway planning and quality living circle planning. Third, the upgrading of planning technological means is reflected in the change from expression of concept articles to visualization of big data. Fourth, it shows an obvious change from rigid governance to flexible and multi-scale governance.
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