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China's Belt and Road Initiative: underlying economic and international relations dimensions

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  • Peter J. Rimmer

Abstract

In reviewing the literature on the Belt and Road Initiative, attention is paid to the antecedents of China's Silk Road revival, the domestic driving forces, and the perennial search for energy security behind the policy initiated in 2013. After detailing and interpreting the Initiative's timeline, key aspects of the government's policy are analysed; its financial arrangements are noted; and the initial 64 countries covered by the Belt and Road identified. The signature Land Belt and the Sea Road components are analysed using an array of tools: economic corridors, blue economic passages, and economic circles. Reference is made to specific projects and the varied reactions stemming from other countries to the implications of China's policy implementation. Finally, an assessment of the Initiative's first five years is made before looking ahead to consider how it may dovetail with other government programs as Beijing addresses the next 45 years of its planned life.

Suggested Citation

  • Peter J. Rimmer, 2018. "China's Belt and Road Initiative: underlying economic and international relations dimensions," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(2), pages 3-26, November.
    • Handle: RePEc:bla:apacel:v:32:y:2018:i:2:p:3-26
    DOI: 10.1111/apel.12247
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    Cited by:

    1. Wei Yang & Feihuang Xue & Jinfeng Shi & Yanmin Shao & Di Wang, 2021. "Factors Affecting the Trade Dependence Relationship of Asian Countries with China: Implications for China’s Belt and Road Initiative," Sustainability, MDPI, vol. 13(19), pages 1-23, September.
    2. Masami Ishida, 2019. "GMS Economic Corridors Under the Belt and Road Initiative," Journal of Asian Economic Integration, , vol. 1(2), pages 183-206, September.
    3. Zhao, Yabo & Liu, Xiaofeng & Wang, Shaojian & Ge, Yuejing, 2019. "Energy relations between China and the countries along the Belt and Road: An analysis of the distribution of energy resources and interdependence relationships," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 133-144.
    4. Sha, Yezhou & Song, Weijia, 2021. "Can Bitcoin hedge Belt and Road equity markets?," Finance Research Letters, Elsevier, vol. 42(C).

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