Chinese Mainland
AmCham China
Most analyses of China’s One Belt One Road (OBOR) initiative tend to focus on two core aspects of President Xi Jinping’s ambitious vision of a more interconnected Europe, Asia and Africa: the political motivations behind it, and whether the economic realities even render Beijing’s plans for a modern Silk Road feasible. While the political focus tends to be on Beijing looking eastward for alliances in the wake of an increasing post-pivot US presence and the recent conclusion of the Trans-Pacific Partnership (which includes the US, but not China), economic conditions in China are increasing the urgency and necessity of new opportunities to put its vast manufacturing powers to use. But despite the many criticisms and concerns over China’s political objectives and whether or not OBOR will realize its full potential, this initiative has already begun to alter the Eurasian economic and business landscape through its creation of financial capital, pushing of economic and legal reforms, and increased institutionalization of the region…
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By Graham Norris (Senior Director of Communications, AmCham China)
When facing adversity, it makes sense to draw on the experience of history, and with 5,000 years to review, China’s leaders have no shortage of comparisons to make with the current era. China is on the rise economically and politically, but the economy is struggling to transition to a more sustainable mode of development. Moreover, infrastructure-driven growth has created an overcapacity hangover that threatens to unravel excessively leveraged lending systems in the provinces. What to do?...
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By the Economist Intelligence Unit
It is no accident that China’s President, Xi Jinping, will attend the UK-China Business Summit during his visit to the Britain this week, since business, trade and investment lie at the heart of the future agenda for developing relations between the two countries. While deals are expected to be signed across a range of sectors, and there is anticipation of further co-operation in financial markets, there are five key elements in the future of UK-China economic relations, which can be encapsulated in the following acronyms: RMB, CIPS, OBOR, AIIB, and FTA. These are the steps on the ladder to help the UK achieve its stated objective of becoming ‘China’s best partner in the West’……
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By the Economist Intelligence Unit
The UK’s relationship with China was centre stage during President Xi’s visit to the West last week, with many wondering what’s next for the economic relationship. The answer is President Xi’s ‘One Belt, One Road initiative’ (OBOR), which could be a gamechanger for China, and open up new opportunities for British business……
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By McKinsey & Company
China signaled its intention to revive the economic power of the ancient Silk Road with two new initiatives in 2013 - the Silk Road Economic Belt and a 21st-century Maritime Silk Road. Now is the time to put flesh on these concepts and make China’s One Belt, One Road (OBOR) initiative a reality.
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By Andrew Sheng
Andrew Sheng says the world needs a strong Chinese currency as much as the Chinese themselves.
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By Andrew Sheng and Xiao Geng
Andrew Sheng and Xiao Geng write on the influence China's AIIB could have on areas beyond infrastructure-building.
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By Pamela Mar
Pamela Mar says China's new infrastructure bank could underwrite Asia's efforts to build a sustainable future.
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By Patrick Low
Patrick Low writes on the need to avoid certain pitfalls as China seeks to push ahead with its One Belt, One Road Initiative.
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By the Economist Intelligence Unit
China has grown to be a significant force in global trade over its 36 years of reform, but for most of that time it has not assumed a strong leadership role in trade governance, opting instead to integrate into existing systems. With the launch of the One Belt, One Road (OBOR) initiative in 2013, and the creation of new multilateral financial institutions led and largely capitalised by China, the country may have turned a corner in its international economic policy.
Does this mark the beginning of the end of China’s engagement with the existing institutions of trade and investment governance? If China is pursuing a new paradigm of international trade liberalisation, what does that entail? This report looks at what China’s new economic diplomacy means for regional and global trade liberalisation, and for business.
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