Understanding China’s Belt and Road Initiative

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[2] Zhai Kun, 一带一路:大国之翼:一带一路引领中国:国家顶层战略设计于行动布局 [“One Belt and One Road: The Wings of a Great Nation”, in One Belt and One Road Leads China: Strategic National Design and Implementation Guideline], Caixin Media Editorial Department ed (Beijing: China Wenshi Publishing House, 2015).

[3] ‘Neighbourhood’ refers to a disparate group of states located east of the Ural Mountains and west of the Bering Straits, south of the Caucasus Mountains and east of the Bosphorus Strait and the Suez Canal, and includes 63 countries from Asia, Russia, and Oceania, according to Xue Li, a senior researcher at the Chinese Academy of Social Sciences: “一带一路背景下的中国周边外交方略 [China’s Neighbourhood Foreign Policy against the Backdrop of One Belt and One Road]”, Financial Times (Chinese edition), 11 January 2016, http://www.ftchinese.com/story/001065641.

[6] Ibid.

[9] Andrew Small, The China–­Pakistan Axis: Asia’s New Geopolitics (London: Hurst & Company, 2015), 103–105.

[10] Justin YiFu Lin, 一带一路, 让中国市场经济体系更完善, 读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“One Belt and One Road, Enables China to Perfect its Market Economy”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015), 5.

[11] Tang Min, 一带一路战略彰显大国心态,读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“One Belt and One Road Shows China’s Great Power Attitude”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015).

[13] Carrie Grace, “US Leaving TPP: A Great News Day for China”, BBC News, 22 November 2016, http://www.bbc.com/news/world-asia-china-38060980.

[15] See Johnson, “President Xi Jinping’s ‘Belt and Road’ Initiative”, 20.

[18] David SG Goodman ed, Handbook of the Politics of China (Cheltenham: Edward Elgar Publishing, 2015), 198.

[19] The Free Market Index measures Chinese provinces’ degree of economic liberalisation. The Index is published by the China Economic Research Institute.

[20] Wang Xiaolu, Yu Wenjing and Fan Gang, “王小鲁 余静文 樊纲 中国市场化八年进程报告 财经 [A Progress Report on Eight Years of China’s March Towards the Free Market Economy]”, Caijing Magazine, 11 April 2016, 20.

[21] Small, The China–Pakistan Axis: Asia’s New Geopolitics, 69–70.

[23] Lu Shulin, 中巴经济走廊是一带一路的旗舰项目和示范项目 : 张小安 : 中国周边频频起火了吗 [“China–Pakistan Economic Corridor Is the Flagship Project of OBOR”, in Is China’s Neighbourhood on Fire?, Zhang Xiaoan ed] (Beijing: Shijie Zhishi Publishing House, 2016).

[24] Guo Jianwei, 新疆金融业支持‘丝绸之路经济带’战略发展的结构和路径, 读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“Xinjiang’s Financial Services Industry Supports Strategic Development of ‘Silk Road Economic Belt’”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015).

[25] Guan Youqing, 一带一路;第四次投资浪潮来临,读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“One Belt and One Road: The Fourth Wave of Investment”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015).

[26] Arthur Kroeber, “The Never-ending Slowdown”, China Economic Quarterly 19, Nos 3 and 4 (November 2015), 4.

[29] Ibid.

[34] Robin Harding and Tom Mitchell, “Rail Battle between China and Japan Rushes Ahead at High Speed”, Financial Times, 20 December 2015.

[35] Cao Zheng, “高铁出海获历史性突破 中国印尼合建雅加达至万隆高铁 [High-speed Rail Export Scores Historical Breakthrough, China and Indonesia Will Jointly Build High Speed Rail between Jakarta and Bandung]”, 17 October 2015, Xinhua News Agency, http://news.xinhuanet.com/fortune/2015-10/17/c_128327911.htm.

[36] Lu Ruquan, “陆如泉,一带一路:油路上的中国 [One Belt and One Road, China On the Oil Road]”, Caixin, 6 July 2015.

[37] Xie Lirong, “移动通信标准翻身战 [Turning the Table on Mobile Telecommunications Standards]”, Caijing Magazine, 7 September 2015, 59.

[42] Charles Clover and Lucy Hornsby, “China’s Great Game: Road to a New Empire”, Financial Times, 13 October 2015.

[46] Ibid.

[47] Interview with a senior economic official from Hubei province, August 2016.

[49] Liu Xiao, Wang Xu and Wang ShuQin, 一带一路的愿景与行动,读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“One Belt and One Road: The Vision and Implementation”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015), 169.

[50] Zheng Xinli, “在海外投資的方向与战术 [The Directions and Tactics in Investing Overseas]”, in 一带一路 金融大战略 [One Belt and One Road and the Grand Financial Strategy], Chen Yuan and Qian Yingyi eds (Beijing: CITIC Press, 2016), 76.

[53] Interview with Sameer Patil, Mumbai, India, August 2016.

[55] “国开行建立900余 ‘一带一路’ 项目库 涉资金近万亿美元 [China Development Bank Builds One Belt One Road Project Bank and the Total Amount is Approaching One Trillion USD]”, Caijing, 28 May 2015, http://m.caijing.com.cn/api/show?contentid=3893051.

[56] Huo Yu, Wang Ling and Wu Hong Yu Ran, “一带一路会是海外的4万亿吗 [Will One Belt and One Road Become the Overseas Version of the Wasted Four Trillion Stimulus]”, Caixin Weekly, 15 June 2015.

[57] Ibid.

[58] Email interview with Andrew Collier, Managing Director of Orient Capital Research, October 2016.

[59] Interview with a senior Chinese financier, Beijing, June 2016.

[60] Huo Yu, Wang Ling and Wu Hong Yu Ran, “[Will One Belt and One Road Become the Overseas Version of the Wasted Four Trillion Stimulus]”.

[61] Ibid.

[62] Huang Yiping, 一带一路战略下的对外投资新格局,读懂一带一路,国家智库顶级学者前瞻中国新丝路 [“New Overseas Investment Landscape against the Backdrop of One Belt and One Road Strategy”, in Leading Scholars from National Think Tanks and Their Insights on China’s New Silk Road] (Beijing: CITIC Press, 2015), 138, 285.

[63] Ibid.