Download or read book China s Belt And Road Initiative And Rmb Internationalization written by Gang Meng and published by World Scientific. This book was released on 2019-10-30 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese economy has long been emphasizing globalization. Many factors including domestic currency policies, exchange policies and cross-border capital flow are becoming increasingly complex. Therefore, China is steadily pushing forward RMB internationalization to meet the market requirements emerging from global cooperation that has resulted from the Belt and Road Initiative.In the perspective of currency development, the internationalization of RMB is a general trend and a historical choice. As an important measure of China to fully open up and integrate with international community, the Belt and Road Initiative intends to effectively connect relevant countries, from different areas such as policies, roads, trade, capital and popular support. The financial cooperation based on domestic currencies is an important aspect of the Belt and Road Initiative, and an important means to meet the financial needs of various countries. Financing of Belt and Road Initiative-related projects is clearly helpful for China in adopting more active policies in capital account convertibility and RMB internationalization and to accelerate the process of RMB internationalization.

Download or read book China s Belt and Road A Game Changer written by Alessia Amighini (a cura di) and published by Edizioni Epoké. This book was released on 2017-07-11 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Officially announced by Xi Jinping in 2013, the Belt and Road Initiative (BRI) has since become the centrepiece of China’s economic diplomacy. It is a commitment to ease bottlenecks to Eurasian trade by improving and building networks of connectivity across Central and Western Asia, where the BRI aims to act as a bond for the projects of regional cooperation and integration already in progress in Southern Asia. But it also reaches out to the Middle East as well as East and North Africa, a truly strategic area where the Belt joins the Road. Europe, the end-point of the New Silk Roads, both by land and by sea, is the ultimate geographic destination and political partner in the BRI. This report provides an in-depth analysis of the BRI, its logic, rationale and implications for international economic and political relations.

Download or read book How China s Silk Road Initiative is Changing the Global Economic Landscape written by Yuan Li and published by Routledge. This book was released on 2019-08-28 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s New Silk Road initiative constitutes one of the most ambitious projects in recent decades designed to change the pattern of the global economic division of labour as well as the geostrategic balance of power. It has the potential to create a new fabric of industrial value creation that links China and East Asia via Central and South Asia with Europe, and to forge new regional and multilateral institutions that complement or compete with existing regional and global governance systems. First proposed in 2013, the new initiative is only now starting to be rolled-out, with trade relations gradually intensifying, and the first investment projects and infrastructure clusters becoming manifest. However, the full impact of the evolving new regional value chains on global goods flows, investment activity, supra-national institution building, as well as their wider international implications, remains undetermined. This book brings together leading scholars from economics, political science and area studies, who present the latest cutting-edge knowledge and the latest state-of-the-art economic and political analysis on how the new initiative is developing and likely to develop.

Download or read book Exchange Rate Credit Constraints and China s International Trade written by Miaojie Yu and published by Springer Nature. This book was released on 2021-01-05 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, by one of China's leading economists, explores the past and present of the RMB—the people's currency—as it is poised to compete with the dollar as the international reserve currency. Exchange rate movement and its pass-through to changes in domestic prices have been topics of wide concern among economists. However, relatively few studies have empirically investigated the relationship between exchange rate movements and China's international trade.This book fills this gap, using the general equilibrium theory of the western economic science norm systems, integrating the leading heterogeneous firm theory of international trade, attempting to set up a theoretical structural model for further prediction, and applying the data from sample cases to examine the structural model. This book will be of interest to economists, financiers, and China watchers.

Download or read book Internationalization of the RMB written by International Monetary Institute of the RUC and published by Routledge. This book was released on 2019-03-13 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renminbi (RMB) internationalization and the “One Belt One Road” initiative are two important development strategies launched by China. From the perspectives of theoretical exploration, historical experience, and empirical research, this book discusses how the two strategies interact with each other. To start with, it introduces the current situation of RMB internationalization and the history of the Silk Road. Then it examines the mutual benefit relationship between the two strategies, emphasizing that commodity pricing and account settlement, infrastructure finance, industry development zone construction, and cross-border e-commerce should be the key to RMB internationalization.

Download or read book One Currency Two Markets written by Edwin L.-C. Lai and published by Cambridge University Press. This book was released on 2021-07-08 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Download or read book Currency Strategy in the Belt and Road Construction written by International Monetary Institute of the RUC (Renmin University of China) and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renminbi (RMB) internationalization and the "One Belt One Road" initiative are two important development strategies launched by China. From the perspectives of theoretical exploration, historical experience, and empirical research, this book discusses how the two strategies interact with each other. To start with, it introduces the current situation of RMB internationalization and the history of the Silk Road. Then it examines the mutual benefit relationship between the two strategies, emphasizing that commodity pricing and account settlement, infrastructure finance, industry development zone construction, and cross-border e-commerce should be the key to RMB internationalization.

Download or read book China s Belt And Road Initiative Understanding The Dynamics Of A Global Transformation written by Chay Yue Wah and published by World Scientific. This book was released on 2019-08-29 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents critical analyses of China's Belt and Road Initiative (BRI) from economic, social, political and geographical perspectives. Contributed by academics and business professionals from Asia, Europe and Australia, the chapters offer readers a range of regional viewpoints and insights into China's grand development strategy — primarily aimed at boosting connectivity across Asia and beyond via investments in infrastructural projects. The chapters also discuss the contemporary economic, financial, political and infrastructural developments related to the BRI and the challenges that confront the Initiative.This edited volume serves as a primer to China's mega strategic undertaking, a supplementary companion and reference resource to those familiar with the BRI.

Download or read book China s Belt and Road Initiative written by Wenxian Zhang and published by Springer. This book was released on 2018-05-24 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the introduction of the One Belt, One Road initiative (OBOR), first proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While OBOR provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China’s intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors reflect on the wide-ranging impacts of OBOR on specific countries, regions, economic policies, and geopolitical considerations. Including both theoretical research and empirical studies that explore opportunities and challenges related to OBOR, this edited volume will allow readers to gain a more comprehensive understanding of this ambitious undertaking and its long-term impact on the rest of the world.

Download or read book China s Continued Reforms In A New Era Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization written by Xugang Yu and published by World Scientific. This book was released on 2020-03-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the new economic and financial reforms China is adopting to advance its economy, and the policies behind the Chinese Outbound Direct Investment (ODI). It also aims to illustrate the impact of China's reforms on Chinese Outward Investments, and the Internationalization of the RMB.The book explores the new wave of reforms, especially in the financial sector, together with President Xi Jinping's vision for a shared future for mankind together with his explanation on the 'new Era'. In fact, China is entering a 'New Era' and transforming its economy into a more sophisticated one, upgrading the industrial sector and introducing specific and dedicated reforms in the SOEs (State Owned Enterprises) to render them more efficient and allow them to compete fairly at the international level.The book also focuses on RMB 'internationalization'. It also contains an addendum on trade frictions between China and the US.

Download or read book China s Rise And Internationalization Regional And Global Challenges And Impacts written by Filip Abraham and published by World Scientific. This book was released on 2020-04-15 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also generated profound impacts both regionally and globally. This edited book aims to bring together academics and researchers at policy institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and internationalization from both regional and global perspectives.

Download or read book Green Finance Sustainable Development and the Belt and Road Initiative written by Fanny M. Cheung and published by Routledge. This book was released on 2020-12-21 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can China’s Belt and Road Initiative (BRI) promote sustainable development, alongside its primary aims of increasing commercial connectivity with China’s partners? In discussions of the BRI the focus has tended to be on the implications for infrastructure construction, connectivity, and economic diplomacy. Rather less attention has been paid to its potential impact on sustainability. The initiative has not only set principles to prevent climate change and promote sustainable development, but also pledged to align with the UN’s environmental objectives. The contributors to this volume describe and evaluate the consequent policy coordination in the areas of green finance, green energy, and sustainable development in the Belt and Road regions. They examine both the challenges and opportunities of these projects, and the role that Hong Kong can play in supporting their assessment, finance, and implementation. With contributions from authors based in mainland China, Hong Kong, Australia, Qatar, the UK, and the US – with experience in corporate social responsibility, international finance, environmental policy, and international relations – this book presents a thorough and rigorous analysis of the green side of the BRI. A valuable resource for scholars of the BRI and its many implications for China, its partners, and the development of sustainable infrastructure.

Download or read book China and International Norms written by Mario Esteban and published by Taylor & Francis. This book was released on 2023-07-21 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relationship between China and international norms through the lens of The Belt and Road Initiative (BRI). Presenting seven case studies, this book highlights China’s stances toward international norms that govern different international issues. The case studies reveal that the normative function of the networks built under the BRI is limited and contains noticeable variations between domestic norms and international ones in China, resulting in implementation gaps between rhetoric and deeds. Unlike current literature on this issue, which is scattered in terms of topics covered and methodology used, it constructs a holistic theoretical/methodological framework which can be utilized to study a State’s position toward different international standards. In light of China’s increasing international influence and proactive and assertive foreign policy, this study will be of interest to officials and practitioners involved in foreign policy and international cooperation, and to student and scholars of global development and international relations.

Download or read book Looking for A Road written by and published by BRILL. This book was released on 2016-09-19 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese scholars offer perspectives on Chinese world order, China’s relations with neighboring states, Chinese-American relations and the One-Belt-One-Road initiative.

Download or read book Belt And Road Initiative Chinese Version Of Marshall Plan written by Feng Da-hsuan and published by World Scientific. This book was released on 2019-03-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book views the Belt and Road Initiative (BRI), a bold and all-encompassing 21st century global effort by China, with unprecedented perspectives. The BRI could be summarised as a 'revitalization' of China's ancient land-based and maritime silk roads, but it should be noted that its impact on China and the world stands on the foundation of omnipresent economics and how China transforms its mindset in the 21st century.Though initiated by China, the BRI's implementation has been a many-to-many effort from the start. This multi-regional and multi-national effort is distinctly different from the one-to-many effort of the Marshall Plan. The two meaning-defining chapters of this book, 'Omnipresent Economics: The Belt and Road Initiative Underpinning' and 'Supercontinent, Neo-Renaissance and Cultural Communications: The Millennium Mindset Transformations Induced by the Belt and Road Initiative', have made it abundantly clear that the BRI discussions presented are unique.The discussions of this book could shed new light on the BRI, a long-term and profound initiative by China, which in today's global discussions and debates, are entirely confined to geopolitical and economics arenas.

Download or read book Chinese Perspectives on the Belt and Road Initiative written by Joel Wuthnow and published by Createspace Independent Publishing Platform. This book was released on 2017 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of Chinese president Xi Jinping's signature foreign policy programs is the Belt and Road Initiative (BRI), a web of infrastructure development plans designed to increase Eurasian economic integration. Chinese official rhetoric on the BRI focuses on its economic promise and progress, often in altruistic terms: all countries have been invited to board this "express train" to wealth and prosperity. Missing from the rhetoric is much discussion of the initiative's security dimensions and implications. Chinese officials avoid describing the strategic benefits they think the BRI could produce, while also gliding over major security risks and concerns. Yet at the unofficial level, China's security community has paid close attention to these issues, probing in great depth the gains Beijing can expect, the challenges it will face, and the new demands it will have to satisfy. Understanding those Chinese assessments is helpful as the United States considers how, when, and in what capacity to engage the BRI.

Download or read book The Financial Implications of China s Belt and Road Initiative written by Piotr Łasak and published by Springer Nature. This book was released on 2019-11-14 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China.