IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v19y2018i4p64-78.html
   My bibliography  Save this article

Channels of Chinese Capital Penetration to the Central Asian Countries within the Framework of the Belt and Road Initiative

Author

Listed:
  • Madina O. Turaeva

    (Institute of Economics of the Russian Academy of Sciences)

  • Svetlana P. Glinkina

    (Institute of Economics of the Russian Academy of Sciences)

  • Artem A. Yakovlev

    (Institute of Economics of the Russian Academy of Sciences)

Abstract

The research pursues the question of evaluating the scales of the actual presence of Chinese capital in the Central Asian economies. The article reviews traditional and new channels used by China to enhance its presence in Central Asia within the framework of the Belt and Road Initiative. The methodological basis of the work is the classical and modern concepts of economic science. The solution of the tasks set within the study preconditioned the application of an interdisciplinary approach, the use of the scientific framework of related disciplines, as well as general and specific methods of research aimed at identifying trade and non-commercial channels for the penetration of Chinese capital into the region. In addition, the article discusses statistical discrepancies in recording of the scales of China’s actual presence in the Central Asian region. The research findings demonstrate that cooperation in trade is weakening, the focus shifts towards the channels related to new technologies, particularly to acquiring controlling inter? ests in the strategic regional companies, EPC contracts for infrastructure projects, as well as outsourcing services provided to large Western multinationals, which have an extensive network of branches and significant administrative base in the countries of the region. Finally, the authors conclude about the debt burden of the Central Asian countries to China and validity of fears related to some of the republics being at the edge of bankruptcy

Suggested Citation

  • Madina O. Turaeva & Svetlana P. Glinkina & Artem A. Yakovlev, 2018. "Channels of Chinese Capital Penetration to the Central Asian Countries within the Framework of the Belt and Road Initiative," Journal of New Economy, Ural State University of Economics, vol. 19(4), pages 64-78, August.
    • Handle: RePEc:url:izvest:v:19:y:2018:i:4:p:64-78
    DOI: 10.29141/2073-1019-2018-19-4-5
    as

    Download full text from publisher

    File URL: http://izvestia.usue.ru/images/download/78/5.pdf
    Download Restriction: no
    File URL: http://izvestia.usue.ru/en/-2018/749
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2073-1019-2018-19-4-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Economy, Elizabeth & Levi, Michael, 2014. "By All Means Necessary: How China's Resource Quest is Changing the World," OUP Catalogue, Oxford University Press, number 9780199921782, Decembrie.
    2. Julie Jiang & Jonathan Sinton, 2011. "Overseas Investments by Chinese National Oil Companies: Assessing the Drivers and Impacts," IEA Energy Papers 2011/3, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carsten Hefeker & Sebastian G. Kessing, 2017. "Competition for natural resources and the hold-up problem," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 871-888, August.
    2. Zhang, ZhongXiang, 2012. "The overseas acquisitions and equity oil shares of Chinese national oil companies: A threat to the West but a boost to China's energy security?," Energy Policy, Elsevier, vol. 48(C), pages 698-701.
    3. Shao, Yanmin & Qiao, Han & Wang, Shouyang, 2017. "What determines China's crude oil importing trade patterns? Empirical evidences from 55 countries between 1992 and 2015," Energy Policy, Elsevier, vol. 109(C), pages 854-862.
    4. Sebastian Purwins, 2023. "Same Same, but Different: Ghana’s Sinohydro Deal as Evolved ‘Angola Model’?," Insight on Africa, , vol. 15(1), pages 46-70, January.
    5. Tom Goodfellow & Zhengli Huang, 2021. "Contingent infrastructure and the dilution of ‘Chineseness’: Reframing roads and rail in Kampala and Addis Ababa," Environment and Planning A, , vol. 53(4), pages 655-674, June.
    6. da Rocha, Felipe Freitas & Bielschowsky, Ricardo, 2018. "China’s quest for natural resources in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    7. Tian, Lei & Wang, Zhongmin & Krupnick, Alan & Liu, Xiaoli, 2014. "Stimulating shale gas development in China: A comparison with the US experience," Energy Policy, Elsevier, vol. 75(C), pages 109-116.
    8. Leung, Guy C.K. & Cherp, Aleh & Jewell, Jessica & Wei, Yi-Ming, 2014. "Securitization of energy supply chains in China," Applied Energy, Elsevier, vol. 123(C), pages 316-326.
    9. Khanindra Ch. Das & Nilanjan Banik, 2015. "Outbound Foreign Direct Investment from China and India," China Report, , vol. 51(3), pages 204-229, August.
    10. Claudio-Quiroga, Gloria & Gil-Alana, Luis A. & Maiza-Larrarte, Andoni, 2023. "Mineral prices persistence and the development of a new energy vehicle industry in China: A fractional integration approach," Resources Policy, Elsevier, vol. 82(C).
    11. Dollar, David, 2017. "United States-China two-way direct investment: Opportunities and challenges," Journal of Asian Economics, Elsevier, vol. 50(C), pages 14-26.
    12. Hoon Lee & David Lektzian & Glen Biglaiser, 2023. "The Effects of Economic Sanctions on Foreign Asset Expropriation," Journal of Conflict Resolution, Peace Science Society (International), vol. 67(2-3), pages 266-296, February.
    13. Benye Shi & Tian Cai, 2020. "Has China’s Oil Investment in Belt and Road Initiative Countries Helped Its Oil Import?," Energies, MDPI, vol. 13(12), pages 1-13, June.
    14. Anjan Kumar Sahu, 2021. "From the Climate Change Threat to the Securitisation of Development: An Analysis of China," China Report, , vol. 57(2), pages 192-209, May.
    15. Michael Fabinyi & Neng Liu, 2016. "The Social Context of the Chinese Food System: An Ethnographic Study of the Beijing Seafood Market," Sustainability, MDPI, vol. 8(3), pages 1-17, March.
    16. Turner, Grant, 2018. "Establishing a comprehensive census of undergraduate economics curricula:Foundational and special requirements for major programs in the U.S," MPRA Paper 103235, University Library of Munich, Germany.
    17. Daniel Goodkind, 2017. "The Astonishing Population Averted by China’s Birth Restrictions: Estimates, Nightmares, and Reprogrammed Ambitions," Demography, Springer;Population Association of America (PAA), vol. 54(4), pages 1375-1400, August.
    18. Shiteng Xu & Jeff Gow & Youzhi Chen & Yahua Zhang & Zhibin Huang, 2019. "The Determinants Of Outward Foreign Direct Investment Strategies Of Chinese Energy Firms," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(04), pages 1019-1036, September.
    19. Liedtke, Stephan, 2017. "Chinese energy investments in Europe: An analysis of policy drivers and approaches," Energy Policy, Elsevier, vol. 101(C), pages 659-669.
    20. Zhang, ZhongXiang, 2011. "China's energy security, the Malacca dilemma and responses," Energy Policy, Elsevier, vol. 39(12), pages 7612-7615.

    More about this item

    Keywords

    public debt; EPC contract; trade; natural resources; infrastructure; Central Asia; China; the Belt and Road Initiative.Journal: Journal of New Economy;
    All these keywords.

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:url:izvest:v:19:y:2018:i:4:p:64-78. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.