Issue 4_The Export-Import Bank of China

News

Issue 4

BRI Review and Preview by Domestic and Foreign Scholars

This year marks the 10th anniversary of the Belt and Road Initiative. Over the past decade, the BRI has been pursued across Asia, Europe and Africa with solid foundation and sustained momentum. While remarkable achievements have been made in enhancing policy, infrastructure, financial and people-to-people connectivity, the BRI has become both an international cooperation platform and a widely-recognized global public good committed to mutual benefits and win-win outcomes with an open and inclusive manner. Taking this opportunity, we launch the “BRI Review and Preview” column to share the insights of scholars at home and abroad.
　　Fang Qiuchen--“Built-by-China” Endeavors for High-Quality Belt and Road Cooperation
　　Dennis Munene--BRI Has Facilitated Kenya’s Infrastructure Development
　　Luo Changyuan--BRI and Global Supply Chain
　　World Bank--Belt and Road Economics: Opportunities and Risks of Transport Corridors
　　Yao Yixin, Mi Jie--Reflections on the BRI in Green Financing for SMEs
　　For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 5-10.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.

China’s Distinctive Major-Country Diplomacy in the New Era: Theories and Practices in High-Quality Belt and Road Cooperation

Zhang Yuhuan Yu Jiang

Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, in particular Xi Jinping Thought on Diplomacy, the Belt and Road Initiative has delivered fruitful outcomes over the past decade in promoting common development, reforming the system of global economic governance and fostering world economic recovery. By meeting the trends of the times and following a people-centered development philosophy as well as the Silk Road spirit, valuable experience was accumulated in high-quality Belt and Road cooperation. Looking ahead, we should take solid and result-oriented steps towards a community with a shared future for mankind. For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 11-16.
　　

Practices of Belt and Road Cooperation and Solutions to the Globalization Paradox

Ge Haoyang

Over the past decade, remarkable achievements have been made in implementing the Belt and Road Initiative, which has become a new and widely-welcomed international cooperation platform, and new dimensions were added to global economic governance system. The BRI, featuring openness and inclusiveness, fairness and equality, as well as consultation and cooperation for shared benefits, has pushed forward institutional changes in economic globalization in terms of driving forces, governance and sharing mechanism, facilitated the building of a new type of international relations, and made economic globalization truly beneficial to all countries. Theoretically, the BRI has provided a feasible solution to the globalization paradox, reflecting its significance in innovation.For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 17-21.
　　

Promoting High-quality Belt and Road Cooperation through High-standard Cross-border E-commerce

Song Lili, Fan Penghui

Along with the advancement of Belt and Road cooperation, the connectivity of infrastructure, synergy of rules and standards, and people-to-people bonds between China and Belt and Road participating countries have been further strengthened, which creates broad space for the development of cross-border e-commerce. Cross-border e-commerce plays an important role in improving the efficiency of factor and resource flow as well as promoting international cooperation on digital economy. In the new stage of development, it is key to intensify synergy of Belt and Road cooperation and unleash the vitality of cross-border e-commerce, so as to make new progress in promoting the mutually beneficial development of high-quality Belt and Road cooperation and high-level cross-border e-commerce. For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 22-26.

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.

Research on Financing Risks of Karot Hydropower Project in Pakistan Based on Life Cycle Management——Experience and Enlightenment

Gao Jie, Zhang Xinlin

This paper identifies the risk factors of the Karot Hydropower Project in different financing phases according to the Life Cycle Theory, and studies the financing risks of the project in its life cycle by adopting the evaluation model of FCE and AHP. It sums up the experience in controlling different risks in order to make references to the future cooperation of overseas energy projects.For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 27-32.
　　

Characteristics, Challenges, and Recommendations for China-EU Collaboration in Third-party Markets

Song Shuang, Chen Xiao

China and Europe have cooperated in a number of projects in third-party markets under the Belt and Road framework. Those typical projects are of distinctive characteristics in terms of sectors, regions and means of cooperation. Meanwhile, China and Europe have seen challenges causing by such factors as different emphasize of cooperation and insufficient experience of Chinese contractors in undertaking third-party market projects. It is suggested that China and Europe focus on enhancing trilateral coordination, building mutual trust, improving the capabilities of enterprises, expanding cooperation fields and upgrading ways of cooperation. For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 33-36.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.

Transformation and upgrading of China-Africa cooperation driven by the Belt and Road Initiative: case study of Mombasa–Nairobi Standard Gauge Railway

Li Changgui

The Mombasa-Nairobi Railway is a flagship project of China-Africa cooperation under the BRI, and a new modern railway using Chinese finance, equipment, technologies and standards. The build-operate business model of the project has promoted the export of the whole Chinese railway industry chain. Moreover, it is the strong operation capacity and targeted and efficient services provided by Chinese enterprises through the form of synergy that has won reputation for Chinese railway industry in overseas market.The successful experience in the construction, operation and management of the Mombasa-Nairobi railway has been a pioneering exploration for the transformation and upgrading of China-Africa cooperation at the micro level, and set a good example for further collaboration.For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 37-39.
　　

Analysis of Tax Related Risk Control Based on the Case of Serbia Section of Hungary-Serbia Railway

Li Gangyu

　　The Budapest-Belgrade Railway is one of the major BRI projects and a flagship project under China-CEEC cooperation, which contributes to the development of railway infrastructure in CEE countries. Considering the differences between China and Serbia in tax rate, taxonomy and tax administration, it is necessary for Chinese enterprises to get prepared for contract management, accounting, cost management, subcontractor management and tax payment and declaration, and pay attention to tax planning and risk control when conducting overseas projects in Serbia.For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 40-44.
　　

Contract Management and Risk Control of Overseas Projects under EPC Model: Case Study of Jujuy Photovoltaic Power Plant in Argentina

Yu Xiangdong, Song Zhe, Wu Jun

Contract Management plays an important part in ensuring smooth implementation of projects and protecting the interests of all stakeholders. Due to the differences in geography, culture and law, there are a lot of challenges and risks in the management of overseas contracts. This paper, based on the Photovoltaic Power Plant Project in Jujuy, Argentina, discusses the practices, experiences, risks and challenges in contract management, and puts forward solutions and suggestions on improvement. For details, please refer to Overseas Investment & Export Credits, Issue 4, 2023, pages 45-48.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.