Belt and Road Initiative: prerequisites for China’s modern foreign economic policy

Belova, Irina N.; Egorycheva, Elena A.

doi:10.22363/2313-2329-2020-28-3-620-632

Cited by 3 publications

(2 citation statements)

References 3 publications

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“…In a later paper, B. Lin, and F. Bega state that the collaboration in the framework of BRI (Belt and Road Initiative) could also contribute to the formation of the green economy and accelerate the processes of decarbonization and energy transition (Lin, Bega, 2021). Indeed, one of the recent trends in China's economy is represented by the Green Belt and Road Initiative, aimed at reaching environmental sustainability (Zhou et al, 2018;Belova and Egorycheva, 2020). Another similar term is Green Silk Road, and it presupposes a heavy reliance on nuclear infrastructure projects in the BRI countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Atomic Belt and Road: China’s international nuclear market entry

Toropchin

2022

Vestn. Ross. univ. družby nar., Ser. Èkon.

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Rapid development of China’s internal nuclear market, together with its rise on the international arena and the declared transition to green economy, gave a crucial impetus to its aspirations to enter the international atomic market as a global exporter of nuclear technology. The aim of this article is to define the political and ideological foundations underpinning such an ambitious endeavor, as well as predict the related development in the short and mid-term perspective. The author utilizes both general scientific methods as well as statistical and comparative analysis to single out the directions of China’s nuclear market outreach, both regionally and globally. Pakistan, widely presented as a flagship example of China’s exporting its know-how in nuclear engineering, remains the only partner of a kind in the broader Asia-Pacific. This article demonstrates that Belt and Road Initiative (specifically, the Green Silk Road), out of all multiple formats, was arguably chosen by the Chinese government as the most suitable framework for expanding its influence in the nuclear domain and filling a certain gap which formed after Westinghouse and Areva (now Orano) got reorganised after encountering financial problems. At the same time, China’s bid for leadership in the sphere of nuclear technology is obstructed by some impediments. Among them are Russia’s dominance in breakthrough areas of nuclear engineering and Rosatom’s large market share, as well as lack of political will in some countries’ elites to build ties with China in this strategic realm, opting for competition instead.

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Section: Literature Reviewmentioning

confidence: 99%

Atomic Belt and Road: China’s international nuclear market entry

Toropchin

2022

Vestn. Ross. univ. družby nar., Ser. Èkon.

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“…Firstly, China considers solid political ties as a vital force for reliable energy cooperation. The PRC was one of the first to recognize the sovereignty of the different countries of the Southern Asia region and establish diplomatic relations quickly (Belova, Egorycheva, 2020). This possibility of diplomatic ties made it very possible to develop a solid foundation and deepen multilateral energy cooperation.…”

Section: Energy Policymentioning

confidence: 99%

The role of the SCO countries in ensuring China’s energy security

Mamakhatov

Mallah

2021

Vestn. Ross. univ. družby nar., Ser. Èkon.

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The growing dynamics of relationships amongst Central Asia, Russia and China, and other SCO member states in economic and energy corporations is analyzed. Since the formation of the SCO, there have been tremendous changes in the dispensation of both political and economic forces in the region. The actual terms of the cooperation and the functions of the numerous SCO member states have changed, thus increasing the significance of some member countries while relegating others to minor leading roles. The Central Asian region plays a leading role in the CSO organization itself as a geographical platform for its activities and as one of the worlds leading countries in the global context. First, this course applies to Russia and China. However, Chinas recent record-breaking economic growth has affected relations and cooperation with both the SCO countries and Russia over the past decades. The long history of interaction between Russia and countries of Central Asia and the current economic policy pursued by Сhina in the region has a complex structure of intertwining with each other, making the situation of Russian-Chinas relations paramount in the SCO. The booming economic growth of China leads to the transformation of the world economic space, where the other countries still occupy the leading positions. Foreign countries, fearing economic competition, announced a policy of containing China. The tension in the economic relations of the Central Asia countries and China is growing.

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Methodological aspects of assessing the prospects of project implementation "One belt — one road"

Iordanova

Shapor

Rud

2021

Mezhdunarodnaja Jekonomika (The World Economics)

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This article is devoted to the assessment of the prospects for the implementation of the project "One Belt — One Road" (OPOP) for the development of China’s trade relations with the countries of the European Union. During the study conducted under the present work, a quantitative assessment of the prospects for increasing the number of participants in the OPOP project, which has allowed to confi rm the previously represented theses, both Russian and foreign scientists about the need to increase the number of project participants. For this purpose, a method was used, which was based on the assessment based on the effectiveness of the country’s foreign trade. It should be noted that the focus of the authors was given to the development of the Northern Transport Corridor, which was due to the participation of Russia and the need to develop and deepen the trade and economic cooperation of China and the countries of the European Union, with the implementation of which the Russian Federation plays an important role, being an integral part of this transport corridor and significant Transport hub for the implementation of the OPOP initiative. Particular attention in the framework of this work was paid to the influence of coronavirus infection for the implementation of the project "One Belt — One Road" and identifying new trends in the development of international trade, due to the influence of a new coronavirus infection, in particular, concerns the failures in the work of transport infrastructure, Convexity with which the bulk of the carriage fell on the railway, and the carriage by sea and air transport had to be suspended. It should be noted that the volume of container transportation between China and the EU in 2020 increased by 57.6 % compared with the first half of 2019, which also affected the increase in trains loading, which, in turn, led to a full load existing capacity.

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Belt and Road Initiative: prerequisites for China’s modern foreign economic policy

Cited by 3 publications

References 3 publications

Atomic Belt and Road: China’s international nuclear market entry

Atomic Belt and Road: China’s international nuclear market entry

The role of the SCO countries in ensuring China’s energy security

Methodological aspects of assessing the prospects of project implementation "One belt — one road"

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