5. Excess Capacity and Vent for Surplus: Evidence from China’s Belt and Road Initiative


Jin Wang

The Belt and Road Initiative (BRI) is a large-scale global infrastructure development strategy, profoundly reshaping the world. The existing literature mostly focuses on assessing its impact on the recipient countries' costs and benefits and has been mainly at the national level. Taking a different perspective, the proposed study aims to explore the incentives for Chinese regional governments and local enterprises to engage in the overseas cooperation projects actively, and whether such regional participation has benefited those recipient countries. To do so, we plan to compile novel micro-level Belt and Road project data of Chinese firms since 2006. Our findings will gain insights into the interactions between the BRI, sustainable development in China, and the economic integration in recipient countries, guiding and facilitating the future development of international cooperation between China and other countries.

Principal Investigator (PI):  Jin Wang, Division of Social Science

This project is funded by the HKUST IEMS Research Grants 2021.

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