title: China’s Belt and Road Initiative: Challenges and difficulties in its implementation
metadata.name: dc.contributor.author
metadata.value: Leksyutina, Yana V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-06-26T12:58:29Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-06-26T12:58:29Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Leksyutina Ya. V. China’s Belt and Road Initiative: Challenges and difficulties in its implementation. Vestnik of Saint Petersburg University. International Relations, 2020, vol. 13, issue 1, pp. 4–19.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu06.2020.101
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/18346
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Having had a successful start in 2013–2015, China’s Belt and Road Initiative (BRI) has so far
  lost some momentum and has not yet been able to achieve the great scope initially declared by
  the Chinese leadership. Contrary to claims from the Chinese side that the BRI is a global and
  large-scale initiative, a tendency is now developing to localize it in a limited circle of priority
  countries. Even in the priority countries, the initiative has not been developing flawlessly. The
  purpose of this article is to identify and characterize the main challenges and difficulties facing
  the BRI. A serious challenge to the Chinese plans to turn RRI into a global initiative has been a wary reaction to it from a number of leading countries. The first section of the article analyzes
  the criticism coming from the BRI’s opponents, as well as various forms of opposition and
  countermeasures to the Chinese initiative from liberal democracies. The second section of the
  article focuses on the study of challenges such as Sinophobia, altering attitudes towards Chinese
  projects due to the change of political elites in the BRI countries, intensifying demands
  in the BRI countries to meet environmental and labor standards, and also taking into account
  the interests of local communities in the implementation of Chinese projects. The practice of
  revising the financing conditions for Chinese projects or completely abandoning their implementation
  has become widespread among the BRI countries. The third section of the article
  reveals the urgent need for Beijing to comprehensively assess financial and credit risks for
  both the recipient countries and China when investing and lending to the BRI countries in
  the face of growing and deepening problems in the Chinese economy. The challenges and difficulties
  that have emerged along the path of the BRI make it necessary to change China’s approaches
  to its implementation, including in the areas of project development and financing.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The work was supported by the Russian Foundation for Basic Research under Grant No. 17-07-
  50016-ОGN.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. International Relations;Volume 13; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: China
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Belt and Road Initiative (BRI)
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign policy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: world order
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: China’s rise
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: China’s economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: infrastructure development
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: China’s Belt and Road Initiative: Challenges and difficulties in its implementation
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 4-19.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/18346/1/4-19.pdf
resources.format: Adobe PDF
resources.size: 683,52 kB