Search Results (175)

The carbon dioxide spillover effects and influencing factors of the “Belt and Road Initiative” (BRI) in African countries must be assessed to evaluate the effectiveness, promote low-carbon transmissions in African countries, and provide recommendations for achieving the 2030 Sustainable Development Goals. This novel study employs carbon dioxide emission intensity (CEI) and per capita carbon dioxide emissions (PCE) as dual indicators to evaluate the spatial spillover effects of 54 BRI African countries on their neighboring countries’ carbon emissions from 2007 to 2023. It identifies the key factors and mechanisms affecting these spillover effects using the spatial differences-in-differences (SDID) model. Results indicate that since the launch of the BRI, the CEI and PCE of BRI African countries have significantly increased, largely due to trade patterns and industrialization structures. Greater trade openness has further boosted local economic development, thereby increasing carbon dioxide’s spatial spillover. Government management and corruption control levels show some heterogeneity in the spillover effects, which may be attributed to long-standing issues of weak institutional enforcement in Africa. Overall, this study reveals the complex relationship between BRI African economic development and environmental outcomes, highlighting the importance of developing sustainable development strategies and establishing strong differentiated regulatory regimes to effectively address environmental challenges. Full article

The Belt and Road Initiative (BRI) prioritizes infrastructure investment to enhance regional connectivity and foster sustainable economic development. Therefore, this empirical study aims to examine the impact of the BRI, specifically through Chinese foreign direct investment (CFDI) on sustainable growth in Bangladesh. The study employs the Mann–Kendall trend analysis and the generalized method of moments (GMM). For the Mann–Kendall trend analysis, sectoral FDI and output data from four major industrial sectors, obtained from Bangladesh Bank and CEIC for the period 1996–2020, are used to analyze trends in industrial development. Additionally, to assess the BRI’s role in sustainable development, this study compares green gross domestic product (GGDP) and gross domestic product (GDP) using a GMM analysis of CFDI inflows across 16 industrial sectors from 2013 to 2022, sourced from various databases. Findings reveal that CFDI significantly contributes to domestic industrial growth, particularly in the manufacturing and construction sectors. Although Bangladesh joined the BRI in 2016, a notable surge in CFDI appears from 2011–2012, partially driven by Bangladesh’s economic liberalization policies, and reflects early strategic investment consistent with China’s expanding economic diplomacy, which was later formalized under the BRI framework. The two-step system GMM results demonstrate that CFDI has a stronger impact on GGDP (0.0350) than on GDP (0.0146), with GGDP showing faster convergence (0.6027 vs. 0.1800), highlighting more robust and rapid sustainable growth outcomes. This underscores the significant Chinese investment in green sectors in Bangladesh. The study also demonstrates that the BRI supports the achievement of Sustainable Development Goals (SDGs) 7 (green energy) and 9 (sustainable infrastructure). These insights offer valuable direction for future research and policy, suggesting that Bangladesh should prioritize attracting green-oriented CFDI in sectors like energy, manufacturing, and construction, while also strengthen. Full article

This paper investigates the impact of global EPU and China’s EPU on China’s FDI inflows, examining whether financial development and political stability moderate these relationships. Using panel data from 212 countries spanning 2009 to 2022, we first establish causal direction through Granger causality tests, then employ instrumental variable estimation to address endogeneity concerns, while conducting heterogeneity analysis across development levels and Belt and Road Initiative participation. We find that both global and domestic EPU significantly reduce China’s FDI inflows, with a 1% increase in China’s EPU leading to a 0.083% decrease in FDI inflows. However, political stability and financial development serve as effective moderators, reducing EPU’s negative impact by up to 60% and 70%, respectively. The effects vary substantially across investor countries: non-developed countries show ten times stronger sensitivity to EPU than developed countries, while Belt and Road Initiative countries demonstrate 86% lower sensitivity than non-BRI countries. This research advances EPU–FDI theory by demonstrating how institutional quality creates “policy buffers” against uncertainty and provides policymakers with evidence that strengthening political stability and financial development can maintain investor confidence during uncertain periods, while strategic international partnerships can insulate investment flows from policy volatility. Full article

As a crucial component of the Belt and Road Initiative (BRI), China Railway Express (CR Express) plays a pivotal role in enhancing regional connectivity and economic integration. However, the systematic evaluation of CR Express node cities remains understudied, hindering the optimization of logistics networks and sustainable development goals. This study pioneers a data-driven approach by integrating multi-source geospatial data and advanced machine learning algorithms to develop a comprehensive evaluation framework spanning five critical dimensions: economic vitality, ecological sustainability, logistics capacity, network connectivity, and policy support. By comparing the evaluation performance of six machine learning models, an optimal decision-making model is identified, and the evaluation indicators are rigorously screened to provide robust decision-support for the establishment of CR Express assembly centers. The Random Forest model outperformed comparative algorithms with 99.5% prediction accuracy (8.33% higher than conventional classification models), particularly in handling multi-dimensional interactions between urban development factors. Feature importance analysis identified 11 decisive indicators from node city evaluation empirical indicators, where CR Express trade volume (weight = 0.1269), logistics hub classification (weight = 0.1091), and operational frequency (weight = 0.0980) emerged as the top three predictors. Spatial predictions highlight five strategic cities (Changsha, Wuhan, Shenyang, Jinan, Hefei) as prime candidates for CR Express assembly centers, providing actionable insights for national logistics planning under the BRI framework. Full article

The Belt and Road Initiative (BRI) is the first and currently the most expansive global infrastructure initiative, notably for its scale and emphasis on connectivity. In response, alternative initiatives such as the Partnership for Global Infrastructure and Investment (PGII) and Free and Open Indo-Pacific Strategy (FOIP), including their components the Blue Dot Network (BDN) and Partnership for Quality Infrastructure (PQI), as well as Global Gateway (GG) and the Three Seas Initiative (3SI), have emerged to counterbalance the BRI’s influence and promote more transparent, sustainable, and rules-based infrastructure frameworks. This review investigates how global and regional infrastructure initiatives—namely PGII/BDN, GG, FOIP/PQI, and 3SI—compare with the BRI in terms of development objectives, implementation models, institutional structures, and implications for developing economies. Adopting an inductive approach, this review identifies key themes from the literature to evaluate these initiatives across seven dimensions: (1) infrastructure objectives, (2) the quality and transparency of investments, (3) investment policy orientation, (4) trade policy orientation, (5) inclusivity and regional integration, (6) coordination mechanisms, and (7) environmental sustainability. While PGII/BDN, GG, FOIP/PQI, and 3SI appear well-positioned to address some of BRI’s shortcomings, the evidence does not clearly favour one model over another in terms of achieving welfare-enhancing outcomes and bridging development gaps. Nonetheless, strategic competition and complementarities among the connectivity policies of multiple initiatives can ultimately contribute to more accountable, multidimensionally sustainable, and socially inclusive infrastructure development. We also illustrate how stated preference methods, i.e., willingness to pay (WTP) and willingness to accept (WTA), can be used to quantify the value of soft infrastructure, particularly public preferences for sustainable investment and norm diffusion, which are central to evaluating the social welfare gains from participating in these initiatives. Full article

Based on trade data from 2005 to 2020, this study investigates the driving forces behind China’s grain virtual water (VW) import trade, with a particular focus on the role of the Belt and Road Initiative (BRI). By incorporating economic distance (ED) and institutional distance (ID) into the gravity model framework and applying a high-dimensional fixed-effects Poisson pseudo-maximum likelihood estimation method, the study offers new empirical insights. The results indicate that ED is negatively associated with virtual water trade (VWT) in grains, while ID exhibits an inverted U-shaped relationship with VWT. Furthermore, the BRI significantly moderates the effects of ED and ID, weakening their influence on VWT. Additionally, the initiative demonstrates a clear trade creation effect, promoting increased VW imports. These findings contribute to a deeper understanding of the mechanisms shaping VWT and offer valuable policy guidance for enhancing international cooperation under the BRI framework. Full article

Ensuring food security and sustainable land management is a global priority, particularly within countries participating in the Belt and Road Initiative (BRI). This study investigates the role of cultivated land regulation systems in influencing agricultural productivity and trade efficiency, focusing on China, Russia, and Kyrgyzstan. Despite the critical role of cultivated land, variations in land-regulation policies and regional practices have led to disparate outcomes in agricultural productivity, sustainability, and trade efficiency. A comparative methodology was employed, integrating descriptive statistics, regression modeling, and geospatial analysis to evaluate yield trends, irrigation coverage, land-use efficiency, and trade performance between 2016 and 2022. Data were sourced from government reports, international databases, and satellite imagery. The results indicate that China’s centralized land-regulation policies—such as the Red Line Policy—have stabilized arable land, enhanced average crop yields (6.1 tons/ha in 2022), and significantly expanded agricultural export volumes. In Russia, land consolidation and modernization efforts have improved productivity (2.9 tons/ha in 2022) and export capacities, though limited irrigation remains a challenge. Kyrgyzstan, while showing gradual improvements through cooperative farming, continues to face fragmentation, infrastructure deficiencies, and limited trade growth. The study concludes that harmonized and targeted land-regulation policies—coupled with infrastructure investments and regulatory alignment—are essential to secure productivity, improve trade efficiency, and strengthen agricultural resilience across BRI countries. Strengthened investments in infrastructure, land-tenure security, and policy alignment across BRI countries are recommended to enhance food security and agricultural trade efficiency. Full article

This study examines the transformative potential of the Belt and Road Initiative (BRI) in enhancing the environmental, social, and governance (ESG) performance of Chinese companies, carrying significant implications for global sustainable development. Using data from Chinese listed companies from 2009 to 2022, we employ a difference-in-differences approach to rigorously assess the impact of the BRI on corporate ESG performance and elucidate the underlying mechanisms. Our findings indicate that the BRI significantly enhances corporate ESG performance, with these results robustly validated through robustness checks. The analysis identifies two primary channels through which the BRI affects ESG performance: internal mechanisms, such as fostering technological innovation and enhancing environmental disclosure, and external mechanisms, including increased analyst attention and the expansion of digital infrastructure. Additionally, we observe significant variation in the BRI’s impact across different industries and firm characteristics. Specifically, non-state-owned enterprises, high-growth companies, large corporations, and those located in economically advanced regions exhibit the most pronounced positive effects. This research not only deepens the understanding of the BRI’s influence on sustainable business practices but also provides valuable insights for policymakers and corporate leaders. By leveraging the BRI, companies can significantly enhance their ESG performance, thus contributing to broader sustainability objectives. Our findings underscore the importance of strategic engagement with global initiatives like the BRI in achieving improvements in corporate sustainability such as enhanced environmental performance and social responsibility. Full article

This paper presents a comparative study of land use in different regional types under the Belt and Road Initiative (BRI) through a case study of Minsk, Vientiane, and Djibouti. The BRI has created significant opportunities for economic cooperation between China and participating countries. As key instruments for advancing the BRI and fostering regional economic development, overseas industrial parks play a crucial role in attracting investment, facilitating workforce training, and promoting local infrastructure development. With the growing number of overseas industrial parks, the need for their efficient and scientifically guided development has attracted increasing scholarly attention. However, a pressing issue remains of how to formulate context-specific and scientifically grounded development plans for these parks that account for diverse regional natural conditions and economic foundations. This study examines the China-Belarus Industrial Park in Minsk, the Saysettha Development Zone in Vientiane, and the Djibouti International Free Trade Zone, using remote sensing data and the patch-generating land use simulation (PLUS) model to analyze land use changes and driving forces in these three cities from 2000 to 2020, thereby revealing regional land-use patterns and their developmental differences. The findings indicate that population density, transportation infrastructure, and topographic features are the primary driving forces behind land use changes in the areas surrounding the industrial parks, significantly influencing the expansion of construction land and the utilization patterns of adjacent land types. Moreover, variations in natural conditions and economic strategies across regions result in divergent land use changes, giving rise to distinct urbanization characteristics. The coordinated development of ports, industrial parks, and urban areas plays a vital role in advancing regional economic integration. Through quantitative analysis, this study provides theoretical support and practical guidance for the planning and development of overseas industrial parks along the BRI. It advocates for tailored development strategies that align with specific regional contexts, in order to avoid the shortcomings of one-size-fits-all policies under varying natural and economic conditions. Full article

Managing land-use activities sustainably in mountainous regions requires addressing the interconnected impacts of geophysical, socioeconomic, cultural, and geopolitical stressors. This complexity is exemplified in roadbuilding across highland Asia, where insufficient planning, incomplete environmental impact assessments (EIAs), and governance gaps often result in lasting “toeprints”—subtle yet significant unintended consequences. Drawing on specific case studies within Yunnan, China; Central Asia’s Belt and Road Initiative (BRI); and the Kedarnath Disaster in India, this perspective highlights the risks of rapid infrastructure development without holistic, long-term planning and explores the underlying issues of these problems. While mountain roads enhance connectivity, mobility, and short-term economic prosperity, they frequently impose environmental and social costs that offset their intended benefits. Poorly designed roads in the mountains of northwest Yunnan and Central Asia have triggered landslides, sedimentation, habitat fragmentation, and disruptions to local livelihoods and cultural practices. In contrast, road improvements to the remote Kedarnath Temple in the Himalaya led to the overcrowding of religious pilgrims who were killed and stranded during a major flood and sediment disaster in 2013. These case studies emphasize the need for transdisciplinary research, community engagement, and regulatory frameworks that integrate disaster risk reduction, climate resilience, and sustainability for the benefit of all stakeholders. By aligning infrastructure projects with robust planning frameworks, development practitioners and policymakers can better balance economic, environmental, and social priorities, minimizing unintended impacts while fostering resilient and equitable outcomes in fragile mountain landscapes. Full article

The Chinese government encourages enterprises participating in the Belt and Road Initiative (BRI) to improve their ESG performance to better align the BRI with sustainable development. This paper reveals the heterogeneous treatment effect of the BRI on the ESG performance of enterprises using time-varying DID and DDD models, powerfully validating that the BRI promotes the ESG performance of participating enterprises. According to our mechanism analysis, the BRI promotes the ESG performance of enterprises involved in international infrastructure projects and the development of trade routes. However, it has no significant impact on enterprises involved in outward foreign direct investment, exploring international markets, and providing support services and others. According to our heterogeneity analysis, the BRI promotes the ESG performance of state-owned enterprises (SOEs) more than that of non-SOEs, the ESG performance of non-manufacturing enterprises more than that of manufacturing enterprises, and the ESG performance of enterprises on the Main Board more than that of enterprises on other boards. These findings can provide policymakers and enterprise managers with guidance on improving ESG performance and clarify the micro-level empirical evidence of the performance of the BRI in implementing sustainable development. Full article

Soybeans play a crucial role in global food security and international agricultural trade. As the world’s largest consumer and trader of soybeans, China faces significant external dependence on supply and concentration of import sources. In light of increasing uncertainties in the international political and economic landscape, risks within China’s soybean supply chain have become increasingly prominent, highlighting the need to explore the global soybean supply potential and optimize import strategies. In response to national food security strategic requirements and anticipated changes in global production capacity, the Global Agro-Ecological Zone (GAEZ) model and the multi-objective nonlinear programming model are used in this paper to estimate the potential of soybean yield increase globally. From dual perspectives of risk minimization and cost minimization, diversified soybean import schemes for China are proposed across three scopes: neighboring countries, countries along the Belt and Road Initiative (BRI), and globally. The results indicate that in the long term, the center of gravity for global soybean production capacity remains in the Americas; these areas, along with Europe and Africa, are key regions for China to expand its soybean import sources in the future. If all countries’ soybean production potentials are fully explored, China can achieve sufficient soybean supply by relying on neighboring countries as well as those countries participating in the BRI. Specifically, it is estimated that during the 2020s (2011–2040), the potential soybean production in the United States, Brazil, and Argentina could reach more than 290 million tons, 140 million tons, and 130 million tons, respectively, under scenarios of both yield increase and cultivated land expansion. Neighboring countries such as India and Russia also show significant potential, with India’s production potentially increasing by 42.8 million tons and Russia’s by 10.4 million tons. The results suggest that China can achieve a more balanced and secure import strategy by leveraging the production capabilities of countries in the Americas, Europe, and Africa while also fostering closer economic and agricultural cooperation with neighboring nations and BRI countries. Based on these findings, policy recommendations aimed at stabilizing and ensuring China’s soybean supply are discussed. Full article

Based on the information of China’s bilateral energy diplomacy with 43 countries from 2000 to 2023, this study analyzes the impact of different diplomatic forms on China’s crude oil trade. A fixed-effects model is reconstructed to analyze the impact of various aspects of energy diplomacy on China’s crude oil trade based on panel data. These aspects include diplomacy frequency, frequency of visits, first or regular visits by heads of state, changes in diplomatic relationship levels, whether oil or energy is involved in joint public statements, and the nature of diplomacy (bilateral or multilateral). This study provides a reference for strategic decision-making in China’s energy diplomacy and indicates that frequent meetings of heads of state and proactive “going out” strategies in energy diplomacy significantly promote crude oil trade cooperation between two countries and ensure national energy security. Bilateral energy diplomacy is more effective in fostering crude oil trade cooperation with resource countries compared to multilateral diplomacy, with particularly notable effects in neighboring countries and those that belong to the Belt and Road Initiative (BRI). The Chinese government could increase the frequency of energy diplomacy, appropriately increase the frequency of overseas visits, and be more proactive in “going out” for energy diplomacy. There should be a greater focus on bilateral energy diplomacy with key resource countries, including neighboring countries such as Russia and Kazakhstan, as well as BRI countries such as Saudi Arabia, Iraq, the UAE, and Indonesia. It is also crucial to enhance the discourse power and influence of China in the global energy governance system. If the outcome documents of diplomatic activities involve crude oil or energy cooperation, they may invite competition from other resource countries or intervention from external forces. It is recommended that the principle of “do more, say less” is upheld. Any sensitive or controversial topics that would cause external interferences should be avoided, and not be included or actively mentioned. Based on practical cooperation with potential partner countries, the entire industry chain of energy investment, trade, technical services, and engineering equipment will be strengthened. Full article

This study employs spatial econometric techniques to examine the heterogeneous effects of foreign direct investment (FDI) on industrialization across China’s four major regions—East, Central, West, and Northeast—using panel data from 31 provinces (1998–2016). Our findings reveal significant regional variations: FDI negatively impacts industrialization in the developed East, positively influences the less developed Northeast, and shows no significant effect in the Central and Western regions. To achieve balanced industrialization, policymakers should adopt spatially differentiated strategies. In the East, the focus should be on incentivizing high-value FDI in R&D and green technologies, while the Northeast could benefit from stronger economic partnerships within the Belt and Road Initiative (BRI). For the Central and Western regions, prioritizing infrastructure investments linked to the BRI and fostering cross-regional innovation corridors could attract labor-intensive FDI and promote technology diffusion, addressing regional disparities. The study’s robust spatial analysis offers valuable guidance for policymakers in crafting region-specific strategies to leverage FDI for balanced economic growth. Full article

The Belt and Road Initiative (BRI) has been implemented for over a decade; however, research on its impact on China’s transport sector remains relatively scarce. It is imperative to investigate whether the BRI has greatly enhanced the growth of Green Total Factor Productivity (GTFP) in the transport sector across provinces along its route because the logistics hub is crucial for sustainable land development of the local economy. To address this missing link, this study examined the GTFP of the transport sector in cities along the BRI by employing the global Luenberger nonradial directional distance function (GLNDDF). Subsequently, a Difference-in-Differences (DID) model was applied to evaluate the policy impact of the BRI on the regional GTFP of the transport sector. The key results of this study were as follows: (1) our empirical findings indicated that the BRI has a statistically significant, yet very weak governance of the GTFP of the transportation sector, with an average increase of 0.0265 units in total factor productivity, implying that the direction of the BRI seems right, but much stronger governance is needed for differentiated city planning; (2) the BRI has two wings in its implementation policies and regulatory and promotional policies. In this study, active environmental regulation may have a more substantial impact than promotional policies, implying that oversupply issues arising from financial promotions along the BRI routes should be avoided for city planning, even with its political importance. (3) There are notable regional variations, with the policy effect being relatively weak in the central region, implying that the grand industrial transition from the east coastal cities to the western region should be cautiously harmonized between market demand and infrastructure-oriented government-led policies. These findings provide valuable insights into urban environments, city planning, and urban–rural interactions, emphasizing the importance of land-related tradeoffs in resource management to foster sustainable governance in developing countries. Full article