PR China as “the Responsible Great Power” – The Chinese Model of Foreign Investment and Assistance
The history of giving Chinese foreign investments and assistance
Abstract
Shortly after its establishment, the People's Republic of China began to implement a policy of providing investments and assistance abroad. Although the motives for this were different in the decades that followed, the Chinese leadership never gave up on the decision to make foreign investment and assistance a central part of the Chinese foreign policy. To prove the basic hypothesis that the main reason for the development of the Chinese model of foreign investment and assistance is the intention of the Chinese leadership to show that the People's Republic of China is a "responsible great power" that contributes to solving important global problems, while working to achieve the most important goal – achieving "Chinese dream" by 2049, the author uses structural-functional analysis, comparative analysis, induction and deduction.
References
Arežina, S. (2018). China in Europe. Belgrade: Institute of European Studies.
Arežina, S. (2014). Chinese ’going out’ policy and its impact on relations with Serbia. Review of International Affairs LXV (1153–1154), 5-23.
Cheng, Y. N. (2014).Virtual trading assessment techniques based on China’s foreign exchanges reserves data. In: H.-C. Liu, W.-P. Sung, W. Yao (eds.) Computer, Intelligent Computing and Education Technology. London: Taylor & Francis Group. https://doi.org/10.1201/9781315760810
Bernasconi-Osterwalder, N. et al. (eds.) (2013). Chinese Outward Investment: An emerging policy framework. IISD, http://www.iisd.org/pdf/2012/chinese_outward_investment.pdf.
Blanchard, J.-M. F. (2017, April 14). The Security Implications of China’s Overseas Investment Boom. The Diplomat, https://www.ey.com/en_cn/china-overseas-investment-network/overview-of-china-outbound-investment-of-q1-2021.
Brautigam, D. (2009). The Dragon’s Gift. New York: Oxford University Press.
Cooper Ramo, J. (2004). The Beijing Consensus. London: The Foreign Policy Centre.
Chow, L. (2021, February 8). Overview of China outbound investment of 2020. EY. https://www.ey.com/en_cn/china-overseas-investment-network/overview-of-china-outbound-investment-of-2020.
Gong, W. (2013, November 23). Chinese Experience of Development. Lecture, Seminar „China’s issues“. Beijing: Chinese Academy of Governance.
Hong, Z., Hou, X. (2017). China’s Foreign Aid, Singapore: Springer.
Jurišić, K. (1999). Half a century of the PR China. Politička misao, XXXVI (3). 34-44 [In Serbian]
Kissinger, H. (2011). On China. New York: Penguin Press.
Kynge, J., Wheatley J. (2020). China pulls back from the world: Rethinking Xi’s ‘project of century’. Financial Times. https://www.ft.com/content/d9bd8059-d05c-4e6f-968b-1672241ec1f6.
Lempton, D. M. (2015). Follow the leader. Beograd: CIRSD. [In Serbian]
Medeiros, E. S. (2009). China as International Actor: Activism, Opportunism and Diversification. Santa Monica: RAND Corporation.
Miljanić, D. (1996). The oscillations in the US-China relations. Međunarodna politika. XXXXVII (1042) 29-32 [In Serbian]
Rosen, D. H., Hanemann T. (2009). China’s Changing Outbound Direct Investment Profile: Drivers and Policy Implications. Policy Brief PB09-14. Washington: Peterson Institute for International Economics.
Sagers, C. (2012, May 10). China’s ’Going Out’ Strategy. Diplomatic Courier. http://www.diplomaticourier.com/news/regions/brics/952?showall=1, 20. 6. 2017.
Selden, M. (ed.). (1979). The People’s Republic of China: A Documentary History of Revolutionary Change. New York&London: Monthly Review Press.
The State Council of the PR China. (2011, April 21). China’s Foreign Aid 2011. http://english.gov.cn/archive/white_paper/2014/09/09/content_281474986284620.htm.
The State Council of the PR China. (2021, January 10). Full text: China's International Development Cooperation in the New Era. http://english.www.gov.cn/archive/whitepaper/202101/10/content_WS5ffa6bbbc6d0f72576943922.html.
Trading Economics. (2017, August 31). China Foreign Exchange Reserves 1980–2017, https://tradingeconomics.com/china/foreign-exchange-reserves.
Zapoljskis, A. (2016, March 17). China has announced that it will triple the standard of living for 70 million people a year. Fakti. http://fakti.org/globotpor/kina/kina-objavila-da-ce-utrostrucavati-zivotni-standard-za-po-70-miliona-ljudi-godisnje. [In Serbian]
Zha D., Breslin S. (2010). Oiling the weels of foreign policy? Energy security and China’s international relations. In: Shaun Breslin (ed.) Handbook of China’s International Relations (64-75). London: Routledge International Handbook.
Zoellick, R. B. (2005, September 21). Whither China: From Membership to Responsibility?. Remarks prepared for delivery to National Committee on US-China Relations. New York City: US Department of State.
World Economic Forum. (2017, January 17). President Xi’s speech to Davos in full. https://www.weforum.org/press/2021/01/president-xi-jinping-s-speech-at-davos-agenda-is-historic-opportunity-for-collaboration/.
Qiu, S., Woo, R. (2020, November 20). China says has given $2.1 billion of debt relief to poor countries. Reuters. https://www.reuters.com/article/us-china-debt-g20-idUSKBN28009A.
16+1 (2016, Januarzy 11). Analysis of China’s Investment in CEECs under the New Situation. http://16plus1-thinktank.com/1/20160111/1091.html.
Arežina, S. (2014). Chinese ’going out’ policy and its impact on relations with Serbia. Review of International Affairs LXV (1153–1154), 5-23.
Cheng, Y. N. (2014).Virtual trading assessment techniques based on China’s foreign exchanges reserves data. In: H.-C. Liu, W.-P. Sung, W. Yao (eds.) Computer, Intelligent Computing and Education Technology. London: Taylor & Francis Group. https://doi.org/10.1201/9781315760810
Bernasconi-Osterwalder, N. et al. (eds.) (2013). Chinese Outward Investment: An emerging policy framework. IISD, http://www.iisd.org/pdf/2012/chinese_outward_investment.pdf.
Blanchard, J.-M. F. (2017, April 14). The Security Implications of China’s Overseas Investment Boom. The Diplomat, https://www.ey.com/en_cn/china-overseas-investment-network/overview-of-china-outbound-investment-of-q1-2021.
Brautigam, D. (2009). The Dragon’s Gift. New York: Oxford University Press.
Cooper Ramo, J. (2004). The Beijing Consensus. London: The Foreign Policy Centre.
Chow, L. (2021, February 8). Overview of China outbound investment of 2020. EY. https://www.ey.com/en_cn/china-overseas-investment-network/overview-of-china-outbound-investment-of-2020.
Gong, W. (2013, November 23). Chinese Experience of Development. Lecture, Seminar „China’s issues“. Beijing: Chinese Academy of Governance.
Hong, Z., Hou, X. (2017). China’s Foreign Aid, Singapore: Springer.
Jurišić, K. (1999). Half a century of the PR China. Politička misao, XXXVI (3). 34-44 [In Serbian]
Kissinger, H. (2011). On China. New York: Penguin Press.
Kynge, J., Wheatley J. (2020). China pulls back from the world: Rethinking Xi’s ‘project of century’. Financial Times. https://www.ft.com/content/d9bd8059-d05c-4e6f-968b-1672241ec1f6.
Lempton, D. M. (2015). Follow the leader. Beograd: CIRSD. [In Serbian]
Medeiros, E. S. (2009). China as International Actor: Activism, Opportunism and Diversification. Santa Monica: RAND Corporation.
Miljanić, D. (1996). The oscillations in the US-China relations. Međunarodna politika. XXXXVII (1042) 29-32 [In Serbian]
Rosen, D. H., Hanemann T. (2009). China’s Changing Outbound Direct Investment Profile: Drivers and Policy Implications. Policy Brief PB09-14. Washington: Peterson Institute for International Economics.
Sagers, C. (2012, May 10). China’s ’Going Out’ Strategy. Diplomatic Courier. http://www.diplomaticourier.com/news/regions/brics/952?showall=1, 20. 6. 2017.
Selden, M. (ed.). (1979). The People’s Republic of China: A Documentary History of Revolutionary Change. New York&London: Monthly Review Press.
The State Council of the PR China. (2011, April 21). China’s Foreign Aid 2011. http://english.gov.cn/archive/white_paper/2014/09/09/content_281474986284620.htm.
The State Council of the PR China. (2021, January 10). Full text: China's International Development Cooperation in the New Era. http://english.www.gov.cn/archive/whitepaper/202101/10/content_WS5ffa6bbbc6d0f72576943922.html.
Trading Economics. (2017, August 31). China Foreign Exchange Reserves 1980–2017, https://tradingeconomics.com/china/foreign-exchange-reserves.
Zapoljskis, A. (2016, March 17). China has announced that it will triple the standard of living for 70 million people a year. Fakti. http://fakti.org/globotpor/kina/kina-objavila-da-ce-utrostrucavati-zivotni-standard-za-po-70-miliona-ljudi-godisnje. [In Serbian]
Zha D., Breslin S. (2010). Oiling the weels of foreign policy? Energy security and China’s international relations. In: Shaun Breslin (ed.) Handbook of China’s International Relations (64-75). London: Routledge International Handbook.
Zoellick, R. B. (2005, September 21). Whither China: From Membership to Responsibility?. Remarks prepared for delivery to National Committee on US-China Relations. New York City: US Department of State.
World Economic Forum. (2017, January 17). President Xi’s speech to Davos in full. https://www.weforum.org/press/2021/01/president-xi-jinping-s-speech-at-davos-agenda-is-historic-opportunity-for-collaboration/.
Qiu, S., Woo, R. (2020, November 20). China says has given $2.1 billion of debt relief to poor countries. Reuters. https://www.reuters.com/article/us-china-debt-g20-idUSKBN28009A.
16+1 (2016, Januarzy 11). Analysis of China’s Investment in CEECs under the New Situation. http://16plus1-thinktank.com/1/20160111/1091.html.
Published
2021/08/09
Section
Review