As the Belt and Road Initiative moves forward, countries and local communities more directly in the initiative’s path could learn from Latin American countries’ labor practices.
Before experts can understand China’s growing role in global development finance, and its impact on development outcomes more generally, they must decide on the meaning and content of development itself.
Setting aside the shortcomings of the Belt and Road concept, the “OBOR hype’ around the world points to a real and fundamental trend — the ascent of China as a truly global economic and military power.
The internationalization of China, and of its companies in particular, is one of the most important phenomena of the beginning of the twenty-first century.
China’s growth miracle has already run out of steam. It is only by allowing debt to surge that the country is able to meet its GDP targets.
The potential for the United States and China to have conflict over trade and foreign investment is now greater, not because of differences in political systems and cultural norms, but because of commonalities in Trump’s and Xi’s personal aspirations.
At the 19th Party Congress, Xi Jinping explained how China will move to the center to the world stage through modernization. Yet how Xi defines the roles of the state and the market remains unclear.
Conventional wisdom about China is misguided and fails to account for its unique growth and development history.
China has a unique economy where both state and market play an important role. Western observers often misunderstand issues such as China’s growth model, debt problems, and potential housing bubbles.
As Europe becomes a preferred playing field for Chinese foreign direct investment, leaders of bloc nations have been drawn into a debate on the creation of a long-anticipated screening mechanism.