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China's Belt and Road Initiative (BRI), China's globe-girdling infrastructure and trade corridor project, is a rare watershed in international affairs. It affects, whether directly or indirectly, nearly the entire world, directly involving more than 60 countries, nearly 4.5 billion people (about two-thirds of the world's population), up to $8 trillion, and around 40 per cent of the global economy. BRI also entails a rising power - perhaps the next superpower - endeavouring to build one of the biggest and most expensive super-projects the world has ever seen. If it achieves its potential, BRI could even pose a threat to the Bretton Woods global economic model that has prevailed since the end of the World War II. BRI has the potential to change the world in a big way. And yet, the project also confronts security and financial challenges that are as serious as its potential is soaring. In this way, BRI is a topic that needs serious examination. This book features chapters on BRI prepared by top international scholars who have been tracking the project closely. The chapters assess the project's impact across Asia, highlight its opportunities and challenges, and consider what might be in store in the future.

BELT AND ROAD INITIATIVE (CHINA) --- ECONOMIC DEVELOPMENT--CHINA --- INFRASTRUCTURE (ECONOMICS)--CHINA --- GLOBALIZATION--CHINA

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Across the Chinese borderlands, investments in large-scale transnational infrastructure such as roads and special economic zones have increased exponentially over the past two decades. Based on long-term ethnographic research, 'Borderland infrastructures' addresses a major contradiction at the heart of this fast-paced development: small-scale traders have lost their historic strategic advantages under the growth of massive Chinese state investment and are now struggling to keep their businesses afloat. Concurrently, local ethnic minorities have become the target of radical resettlement projects, securitization, and tourism initiatives, and have in many cases grown increasingly dependent on state subsidies. At the juncture of anthropological explorations of the state, border studies, and research on transnational trade and infrastructure development, 'Borderland infrastructures' provides new analytical tools to understand how state power is experienced, mediated, and enacted in Xinjiang and Yunnan. In the process, Rippa offers a rich and nuanced ethnography of life across China's peripheries.

Borderlands --- Intergovernmental fiscal relations --- Infrastructure (Economics) --- Economic aspects --- Anthropology. --- Belt and Road Initiative. --- Border studies. --- China. --- Infrastructure.

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Across the Chinese borderlands, investments in large-scale transnational infrastructure such as roads and special economic zones have increased exponentially over the past two decades. Based on long-term ethnographic research, 'Borderland infrastructures' addresses a major contradiction at the heart of this fast-paced development: small-scale traders have lost their historic strategic advantages under the growth of massive Chinese state investment and are now struggling to keep their businesses afloat. Concurrently, local ethnic minorities have become the target of radical resettlement projects, securitization, and tourism initiatives, and have in many cases grown increasingly dependent on state subsidies. At the juncture of anthropological explorations of the state, border studies, and research on transnational trade and infrastructure development, 'Borderland infrastructures' provides new analytical tools to understand how state power is experienced, mediated, and enacted in Xinjiang and Yunnan. In the process, Rippa offers a rich and nuanced ethnography of life across China's peripheries.

Borderlands --- Intergovernmental fiscal relations --- Infrastructure (Economics) --- Economic aspects --- Anthropology. --- Belt and Road Initiative. --- Border studies. --- China. --- Infrastructure.

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The Belt and Road Initiative is a new globalization initiative to strengthen economic integration, which provides new opportunities for China's trade cooperation with countries along the Belt and Road. The research on the influencing factors of trade and the great potential of trade cooperation is of great practical significance for promoting the regional economic cooperation of the countries along the Belt and Road. Specifically, what is the potential for trade between China and the Belt and Road Initiative participating countries? What are the current influencing factors to the realization of trade potential? How significant is the impact? To this aim, this paper takes 80 countries which have signed the One Belt And One Road memorandum with China as the research object, collects the trade panel data of the decade from 2009 to 2018. Then empirically analyzes the trade influencing factors of the import and export trade between China and these countries by augmented gravity model. After that, the trade potential is further estimated. The results show that the GDP of the two countries, the size of their populations, telephone infrastructure, trade freedom, the quality of railroad infrastructure, and whether it borders China have an impact on both import and export. Level of government governance, investment freedom, air transportation and port infrastructure, whether it signs RTA with China has an impact on China's exports. RMB exchange rate, Internet communication infrastructure and geographical distance between the two countries only affect China's imports. Among the 80 markets along the route, 31 countries have great trade potential to be developed. More than half of these are Europe and Central Asia, sub-Saharan Africa and South Asia countries. Finally, based on the research results of this paper, policy enlightenment is obtained.

The Belt And Road Initiative --- Trade Potential --- China --- Gravity Model --- Sciences économiques & de gestion > Méthodes quantitatives en économie & gestion

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This paper studies the production and trade linkages between a selected group of economies belonging to the Belt and Road Initiative (BRI). After defining a group of Belt and Road Economies, the paper uses three standard trade databases to analyze trade and production linkages among these economies. With the help of state of the art economic decompositions of input-output tables, coupled with standard international trade statistics, the analysis quantifies the amount of production sharing between the economies of the area. The main finding is that trade integration among Belt and Road Economies has largely increased: Intraregional exports went from 30.6 percent in 1995 to 43.3 percent in 2015. Since the increase in gross exports was driven mostly by intermediate goods, the study investigates the evolution of regional production networks across Belt and Road Economies.

Belt And Road Initiative --- Economic Integration --- Global Value Chains --- Industry --- International Economics and Trade --- International Trade and Trade Rules --- Nonmetallic Mineral Product Manufacturing --- Trade Finance and Investment --- Transport