Beschreibung The Chinese Vortex: The Belt and Road Initiative and its Impact on the World. China's Belt and Road Initiative (BRI) is the most ambitious infrastructure project ever undertaken and will ultimately result in more than one trillion dollars of investment by the time it is finished. The Initiative is breathtaking in its scope and scale, with scores of countries participating and dozens of massive dams, railways, roads, and power projects transforming the landscape throughout the developing world. Only China is capable to undertaking such a bold Initiative. Beijing might have chosen to make unadulterated development as its core objective, issuing billions of dollars in grants to host governments to fund the projects and lending its substantial engineering and construction expertise to nations that desperately need to develop their infrastructure, seeking nothing in return. Instead, Beijing chose to lend the governments of these nations money it knew could not be repaid and use the BRI not only to project its soft and hard power and seek greater influence throughout the world, but to blatantly pursue the acquisition of natural resources.In the process, many BRI host nations have become indebted to Beijing, owing it tens of billions of dollars and falling into a debt trap. Beijing required that these governments agree to either cede control or outright ownership of these projects to the Chinese government, or its companies, when they inevitably defaulted. Some projects never stood a chance of operating profitably. Doing so has made these countries beholden to Beijing in a variety of ways.This book is an exploration of the profound impacts the BRI has had on nations around the world – both developing and developed – as well as on the Chinese government and its participating companies. Beijing failed to foresee the potential impacts of its approach on host nations – or perhaps it did not care. Now, there have been substantial negative reverberations, prompting Beijing to re-think it approach. Will Beijing approach the BRI differently in the future? Is it even capable of doing so?These are among the many questions addressed in this, Daniel Wagner’s third book on China. His first book on China – China Vision – delved into how Beijing is seeking create an alternative world order in China’s image. His second China book – The America-China Divide – analyzes the scope and scale of the fissure between the two countries, going well beyond the economic and political realms. In The Chinese Vortex, he takes a deep dive into the shockwaves that have been felt around the world as a result of the BRI, providing numerous examples that chronicle how damaging many of these projects have been to countries in Africa, Asia, and Latin America. Daniel explores many of the economic, geopolitical, and environmental impacts, but also a host of additional topics that help the reader better understand what is really at stake. Among the many topics explored are how Beijing’s pursuit of a national digital currency may affect BRI nations and the world, why the BRI is losing its appeal, and what Beijing - and the world’s nations - must do to try to mitigate its negative impacts. It is an informative and eye-opening exposé that sheds light on Beijing’s brazen pursuit of influence, natural resources, and power through the BRI.
The Chinese Vortex: The Belt and Road Initiative and its ~ The Chinese Vortex: The Belt and Road Initiative and its Impact on the World - Kindle edition by Wagner, Daniel. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The Chinese Vortex: The Belt and Road Initiative and its Impact on the World.
The Chinese Vortex - Book Review - Eurasia Review ~ The Chinese Vortex is a useful and succinct (at about 200 pages) primer on the myriad global effects of the Belt & Road Initiative, from diplomacy, to technology, to commerce. The chapter on China .
'The Chinese Vortex' Review. China is the New NINJA Loan ~ More favorable publicity has been garnered by China in terms of its environmental outreach, though Wagner points out that the BRI is quite mixed in terms of its green impact. As noted by the author, “The China Development Bank and China Export-Import Bank financed power plants in 38 countries between 2013 and 2019, nearly half of which were fossil fuel-based.” China particularly favors .
How China Is Losing Support For Its Belt And Road Initiative ~ China’s Belt and Road Initiative (BRI) has been around for the better part of a decade but the world isn’t any closer to understanding what it actually is.
Daniel Andrews has signed a new deal with China. What does ~ Victorian Premier Daniel Andrews has signed a new deal with the Chinese Government to deepen the state's engagement with the controversial Belt and Road initiative.
China's Belt and Road Initiative in the Global Trade ~ The world has a large infrastructure gap constraining trade, openness and future prosperity. Multilateral development banks (MDBs) are working hard to help close this gap. Most recently China has commenced a major global effort to bolster this trend, a plan known as the Belt and Road Initiative (BRI). China and economies that have signed co .
Understanding China’s Belt and Road Initiative ~ China’s Belt and Road Initiative (also known as One Belt, One Road (OBOR)) is one of President Xi’s most ambitious foreign and economic policies. It aims to strengthen Beijing’s economic leadership through a vast program of infrastructure building throughout China’s neighbouring regions. Many foreign policy analysts view this initiative largely through a geopolitical lens, seeing it as .
The Staggering Impact of China’s 'Belt and Road ~ Belt and Road also helps China invest its huge currency reserves and put its many idling state-owned enterprises to work. The initiative also has a positive side effect for Beijing: Some Chinese .
China’s Massive Belt and Road Initiative / Council on ~ China’s Belt and Road Initiative (BRI), sometimes referred to as the New Silk Road, is one of the most ambitious infrastructure projects ever conceived. Launched in 2013 by President Xi Jinping .
How Big Is China’s Belt and Road? / Center for Strategic ~ The BRI’s size excites some observers but worries others. As the effort inflates, so do concerns about its impact on debt levels, the environment, and even regional security. For China, perhaps the biggest risk is unmet expectations. With the world watching, China now faces pressure to deliver on its promises. Even if Chinese officials did .
Belt and Road Economics: Opportunities and - World Bank ~ China proposed the Belt and Road Initiative (BRI) in 2013 to improve connectivity and cooperation on a transcontinental scale. Quantifying impacts for a project as vast as the BRI is a major challenge, which is why the World Bank Group conducted this independent analysis of the risks and opportunities of Belt and Road transport corridors. Supported by empirical research and rigorous economic .
The unintended economic impacts of China’s Belt and Road ~ China’s footprint in global foreign direct investment has increased notably since the launch of the Belt and Road Initiative (BRI) in 2013. That served to bring Chinese overseas FDI closer to a level that one would expect, based on the country’s weight in the global economy. However, China actually invested more in countries outside the BRI during the period, given that Chinese investment .
beltAndRoad - State Council of the People's Republic of China ~ Belt and Road Initiative benefits world The Belt and Road Initiative is in China’s interest, and also in the interest of the rest of the world, according to experts. Dominique de Villepin, former French prime minister China’s plan to re-build the Silk Road is “a story that we can write together to be all winners of the new economic development”. PHOTOS. Photographers to pursue Silk .
A Look Inside China's Belt And Road Forum For ~ Now, China, of course, describes these projects as benign, an effort to link up the world. It's good for China. It's good for other countries. Analysts see it as China's way to put extra Chinese .
China’s Belt and Road: The new geopolitics of global ~ Brookings experts discuss China’s motivations for launching the Belt and Road Initiative, its track record to date, regional responses to it, the national security implications of BRI for the .
Belt & Road: Opportunity & Risk - Baker McKenzie ~ China’s Belt and Road Initiative (BRI) a á á 5 China-linked projects in leading BRI countries BRI must also be put in context. The initiative is not taking place in a vacuum, but is part of a larger and even more powerful dynamic: the rise of the modern Silk Road. The Silk Road region’s share of global GDP has risen steadily over the past two decades, with trade and investment between .
At the Dawn of Belt and Road: China in the Developing ~ China's attention to the Developing World has culminated in numerous institutions and in the new Belt and Road Initiative. The authors analyze China's political and diplomatic, economic, and military engagement with the Developing World, region by region, focusing on the 21st century through the beginning of the Belt and Road Initiative, an ambitious vision that builds on China's previous .
Coronavirus Outbreak Puts Belt And Road Projects On Hold ~ Belt And Road Impact. Since 2013, via the Belt and Road Initiative (BRI), the internationalization of Chinese companies and people have been in overdrive. With an entire network of proposed land .
The One Belt, One Road Initiative - GTAP ~ The One Belt, One Road Initiative Impact on Trade and Growth James Villafuerte*, Erwin Corong**, and Juzhong Zhuang*** June 2016 *Economist, Economic Research and Regional Cooperation Department (ERCD), Asian Development Bank (ADB) jamesvillafuerte@adb **Research Economist, Center for Global Trade Analysis (GTAP), Department of Agricultural Economics, Purdue University ***Deputy Chief .
China encircles the world with One Belt, One Road strategy ~ China encircles the world with One Belt, One Road strategy. India looks for sound funding as it targets infrastructure . Landmark plan using Japanese tech gets wary response. China leads world on .
Understanding China’s Belt and Road infrastructure ~ While seemingly aimed at regional economic corridors, the Belt and Road Initiative is in fact global and motivated by economic and strategic interests. In Africa, experiences with BRI are mixed.
What is China’s belt and road initiative? - The Economist ~ The Belt and Road Forum (with its unfortunate acronym, BARF) is the second set-piece event this year at which Mr Xi will lay out China’s claim to global leadership. (The first was a speech .
Examining the Debt Implications of the Belt and Road ~ China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to sovereign borrowers, then BRI raises the risk of debt distress in some borrower countries. This paper assesses the likelihood of debt problems in .
China’s One Belt, One Road: Will it reshape global trade ~ The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and development of trade routes in the region. In this episode of the McKinsey Podcast, recorded in May, McKinsey senior partners Joe Ngai and Kevin Sneader talk with Cecilia Ma Zecha about One Belt, One Road—what it really means, what .