Does the Structural Power of Business Matter in State Capitalism?: Evidence from China's Oil Politics under Xi Jinping

Wang, Xiaoguang

doi:10.1111/pafo.12145

Cited by 8 publications

(4 citation statements)

References 64 publications

(9 reference statements)

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“…It would then go on to be among the first in the Americas (after Cuba, Chile, Peru, Mexico, and Argentina, respectively), and indeed the very first state in the English-speaking Caribbean to establish diplomatic relations with China. Similar to the Cold War Era, China's attention in Latin America has factored less importantly in its foreign policy objectives when compared to its strategic interests in Asia and Africa (Wang, 2019). Modern China identified itself with the 'Third World' struggle against U.S. imperialism, achieving economic independence, and reasserting the rights of states in exercising their sovereignty.…”

Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Eramentioning

confidence: 99%

“…Alongside the parastatal bilateralism that CNOOC reinforces via its presence in emerging oil economies, the interests of CNOCs abroad do not always align with that of the central government in Beijing. Wang (2019) interrogates the structural changes of China's oil industry in the past decade under President Xi Jingping as the incumbent administration seeks to recalibrate China's SOEs. Stateowned CNOCs have maintained their vice-ministry status and autonomy, due to their status as critical infrastructure and the highly specialised nature of the petroleum industry.…”

Section: China's Parastatalism In Guyanamentioning

confidence: 99%

“…Stateowned CNOCs have maintained their vice-ministry status and autonomy, due to their status as critical infrastructure and the highly specialised nature of the petroleum industry. There have also been tensions that derive from efforts in recent years to reform SOEs, and CNOCs in particular, so as to consolidate the number operating and reassert their subordination to the state bureaucracy and CCP (Wang, 2019). Energy features at the heart of China's gross domestic product (GDP) growth-led development, and so anti-corruption drives have sought to curtail CNOC political machinations within the economic performance competitions of the faction-prone CCP hierarchy even prior to the Xi administration.…”

Section: China's Parastatalism In Guyanamentioning

confidence: 99%

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Situating Petrostate Guyana in the Rise of China Discourse

Cheong

2021

Potentia

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By examining the Sino-Guyanese relationship and China’s parastatal involvement in Guyana, this paper seeks to demonstrate that the former’s potential for upending conventional geopolitical realities in Latin America and the Caribbean are overstated. As Western public concern regarding the perils of a China to the international order grows, the case of Guyana draws attention to China’s still deepening integration within the neoliberal global economy. Guyana’s historic relationship with China, geostrategic location as a Belt and Road Initiative partner country, and the recent emergence of the Guyana Basin as an energy nexus, suggests its importance as a bellwether of China’s presence in the region. As the COVID-19 pandemic continues, assumptions regarding China’s re-emergence in the global order are being overturned frequently. It remains unclear what impact contemporary socio-economic, political, or ecological instabilities will have on a realignment of the incumbent international system, the need for nuanced and novel approaches for assessing the agency of a risen China is unequivocal.

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Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Eramentioning

confidence: 99%

Section: China's Parastatalism In Guyanamentioning

confidence: 99%

Section: China's Parastatalism In Guyanamentioning

confidence: 99%

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Situating Petrostate Guyana in the Rise of China Discourse

Cheong

2021

Potentia

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“…Regarding the energy issue, cooperation with countries sharing a border with China can escape the potential risks from long distant transportation and transit counties. Such countries naturally have a higher degree of en-ergy security implications for China, especially compared with countries in Africa and Latin America countries [8].…”

Section: The Principles Of Bri To International Economic Cooperationmentioning

confidence: 99%

The shaping effect of the Belt and Road Initiative on China’s international oil and gas cooperation strategy

Liu¹,

Wang²

2020

Vestnik SPbSU. International relations

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The Belt and Road Initiative (BRI) was launched as a leitmotif of China's economic diplomacy in 2013 after Xi Jinping assumed power. Inevitably, China's behaviors in international oil and gas cooperation have been influenced by the BRI in terms of policy purpose, cooperation model, business organization, and even energy security strategy. Under the BRI, China's originally primary purpose of natural resource access in oil and gas cooperation has shifted to a business-based strategy. Meanwhile, China has constructed oil and gas pipelines as common interest-based interconnections of infrastructures, instead of getting involved in geopolitical games. In the process, China and large national companies play as partners and coordinators more often even as their traditional roles are operators and majority shareholders. Coupled with the transition of purpose, the cooperation model also changes to an industrial chain-based model. China's overseas oil and gas cooperation transitioned from an "upstreamdownstream integration" model to a "module plug-in" model, which flexibly includes natural resources, trade, transportation, refining and engineering services to prompt the "going-out" of China's technology, equipment, and industrial capacity. In the organization of international oil and gas cooperation, coordination among the majors of Chinese national oil companies, and between national oil companies and other actors has become independent. The Yamal project provides an empirical case that displays China's transition in international oil and gas cooperation under the BRI in this article.

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State and Market in China’s Coal-to-Gas Transition

Sassi¹

2023

Regional Approaches to the Energy Transition

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Does the Structural Power of Business Matter in State Capitalism?: Evidence from China's Oil Politics under Xi Jinping

Cited by 8 publications

References 64 publications

Situating Petrostate Guyana in the Rise of China Discourse

Situating Petrostate Guyana in the Rise of China Discourse

The shaping effect of the Belt and Road Initiative on China’s international oil and gas cooperation strategy

State and Market in China’s Coal-to-Gas Transition

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