China's International Investment Strategy
China's International Investment Strategy
Edited by Julien Chaisse
Oxford University Press, 2019
Reviewed by Mengjing Kong
 
In recent decades, the economic growth that China has experienced not only contributes to its position as a capital exporting nation, but also changes its role in the international economic architecture from a rule-follower to a rule-shaker, or even a rule-innovator in some cases. To date, China has built a wide investment treaty network based on over 130 signed treaties, as well as a series of treaties with significant trading partners currently under negotiation, for example: the China-EU Free Trade Agreement (FTA); the Regional Comprehensive Economic Partnership (RCEP) with key players in the Asia-Pacific region, including Japan, South Korea, India and other ASEAN economies; and the China-US Bilateral Investment Treaty (BIT) talks which resumed in 2016. Additionally, China has gone beyond the bilateral and regional levels and exerted global influence. Examples in this regard include the establishment of the Asian Infrastructure Investment Bank (AIIB) as the first international institution created by a nonwestern power, the launch and promotion of the Belt and Road Initiative (BRI) with the objective of expanding and deepening Chinese foreign direct investment (FDI) in infrastructure building, and the assumption of the G20 presidency in 2016, during which the ‘Guiding Principles for Global Investment Policy-Making’ (Guiding Principles) were agreed upon.

 


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