How will China shape the world economy?

Jin, Xingye; Li, David Daokui; Wu, Shuyu

doi:10.1016/j.chieco.2016.07.006

Cited by 34 publications

(17 citation statements)

References 2 publications

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“…Chinese scholars argue that BRI is not only limited to infrastructural development; it will also generate policy and cultural dialogues among nations. It will promote infrastructural connectivity, facilitate unimpeded trade, and ease financial support to the developing world that would eventually promote China's image as a new responsible global power [52,53]. In fact, China is developing a comprehensive strategy of communication and connectivity, "ranging from politics to finance, from infrastructure and trade to culture and religion to construct zones of economic cooperation and centers of cultural exchanges" [25].…”

Section: An Overview Of the Belt And Road Initiativementioning

confidence: 99%

China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development

et al. 2018

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China’s Belt and Road Initiative (BRI) is a cornucopia of international projects that offer mammoth opportunities for more economic cooperation and deeper regional integration primarily among emerging economies. BRI is providing new drivers of sustainable economic growth in China and of cross-border trade, along with the reimagined land and “Maritime Silk Road”. The initiative focuses on restoring global balance and on expanding universally beneficial and inclusive relationships. This article argues that the forces of globalization are so pivotal to Eurasia, where development opportunities can propel the region toward a more comprehensive socioeconomic integration, that governments in that region need to provide more support that ensures the continuing success of BRI. In essence, BRI is a critical tool for peaceful development that is resulting in massive investments in infrastructure, that is facilitating economic development, and that is promoting shared governance. This article provides theoretical perspectives on BRI as a beachhead for sustainable regional development. It also highlights BRI programs and projects that have emerged as an internal and external policy framework for an openly inclusive “win–win” cooperation model based on shared development and on communities of shared interests.

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Section: An Overview Of the Belt And Road Initiativementioning

confidence: 99%

China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development

et al. 2018

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“…China has become the largest nation in the international trade of goods since 2009 (Jin, Li, and Wu, 2016). China is the most important country in the world economy.…”

Section: Background and Macroeconomic Conditions Of Chinamentioning

confidence: 99%

“…China is the most important country in the world economy. China is also the second largest source and destination of FDI (Jin, Li, and Wu, 2016).…”

Section: Background and Macroeconomic Conditions Of Chinamentioning

confidence: 99%

EU and China Trend in Trade in Challenging Times

Jindřichovská¹,

Uğurlu²

2020

Preprint

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The sudden and abrupt rise of COVID-19 became a challenge for the world economy. In this paper, we investigate the changes of a trend of mutual trade between the EU-15 countries and China during the demanding times of the COVID-19 crisis. We use monthly data for Chinese export to the EU (2018:01 – 2020:05) and import from the EU (2018:01 – 2020:07) relying on the data from open source Trademap. We employ descriptive statistics to analyze the trade. Overall, there is the obvious decline of 13-32 per cent in worldwide trade as predicted by the WTO. This affected China as the main trading partner of electronic devices and medical supplies. The trade between the EU and China has decreased, but the major change in demand brought the alteration in commodities structure and re-orientation of Chinese export production. In the first five months of 2020, we have witnessed strong engagement of the Chinese economy in new highly demanded production - mainly to articles strongly linked with healthcare and medical equipment. Thus, we have observed that the Chinese were very flexible in changing the structure of export which was triggered by COVID-19 crisis. This flexibility is worth further exploration.

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“…Modern China meets three key conditions for further economic growth [7]: 1) stable government that supports a market economy;…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of Areas of Financial and Economic Cooperation Between China and Russia

Смирнов¹,

Semenov²,

Zakharova³

et al. 2020

Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)

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The article reveals the relevance of the problem of studying the possible areas of financial and economic cooperation of such large countries as China and Russia, as well as the role of developed and developing countries, in the face of a decline in world trade growth and increased global competition. The study uses statistical, cluster and factor analysis of economic growth and financial solvency of China and Russia based on an assessment of the dynamics of the main indicators. As a result of the analysis of the dynamics of economic growth, the following areas of cooperation between China and Russia are identified: "GDP per capital, PPP (current international $)" and" Gross capital formation (current US$)", due to the increase in hydrocarbon exports and equipment purchases. The results of the analysis of the proximity matrix of indicators of financial solvency of China and Russia revealed the following priorities: China-"Inflation, GDP deflator (annual %)" and "Gross capital formation (% of GDP)"; Russia-"Broad money growth (annual %)" and "Inflation, GDP deflator (annual). The General direction of international cooperation between China and Russia to ensure financial solvency is "Inflation, GDP deflator (annual %)".

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How will China shape the world economy?

Cited by 34 publications

References 2 publications

China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development

China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development

EU and China Trend in Trade in Challenging Times

Analysis of Areas of Financial and Economic Cooperation Between China and Russia

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