Post on 22-Jan-2022
Prof. ZHANG Jianping
Director, Dept.of International Economic Cooperation
Institute for International Economic Research, NDRC
2015.Jun.11th
APEC and the Belt and Road Initiative
Implement a More Proactive Opening up Strategy and Building an
More Opened Economic System
Critical period of economic transition
Necessary for a new round
of reform and opening up
Background
Promoting Reform by Opening Promoting Development by Reform
Solving the dynamic problem of the
reform
Intrinsic Motivation
Extrinsic Motivation
Dilemma: Institutional mechanism
can not meet the fundamental
needs of market economy
The new round reform is facing
great resilience
Promoting transition by development
★ China’s Pattern Transition and Restructuring Must be
Carried out under the Condition of Opening up.
Playing a More Constructive Role in Regional and Global Governance
Accelerating the
Construction of RTAs
and FTZs
Building a
New Opening
Economic
System
Liberalize
Market
Access Expanding
Opening up along
the
Border
Global Economic Governance:UN & G20
Global Finance Governance: :IMF+WB+BRICS
WTO Doha Round
Regional Economic Governance: RTA、APEC
Sub-regional Cooperation:GSM+GTI、AIIB
Bilateral Investment Agreement: BIT
Government Purchase Agreement: GAP
Environmental Products List
Intellectual Property Rights Agreement:TRIPS
Globalization
Regional Integration
Economic Factors Movement
And Efficient Reallocation
The Belt and Road Initiative :
A New Initiative of International Regional
Cooperation from China
The Belt and Road Construction is a Comprehensive and Multi-level Systematic Platform
Co-prosperity
Trade and Investment Liberalization and Facilitation + FTA+FTZ
New Global Supply Chain and Regional Production Networks
Mutual trade and Investment
Infrastructure Interconnectivity+ People to people connectivity
The Silk Road Fund+Asian Investment Bank+PPP+International Finance
Institution+Development Financing Supporting
Comparison of “The Belt and Road” and APEC
Total Population: 4.4 Billion
(63% of the world)
Aggregate Economic Volume:
$21 trilion
(23% of the world)
Exports of Goods and
Services:
23.9% of the world
The Belt and Road
Total Population:
40% of the world
Aggregate Economic Volume:
57% of the world
Exports of Goods and
Services:
48% of the world
APEC
Pacific Dream of APEC
Beijing Road Map of FTAAP
Strategic Blue Print of
Communication and
Connectivity (2025)
Governmental
Communication and
Information Sharing
Mechanism
Innovation
Drives Growth
Global Supply
Chain
Green Supply
Chain
New-style
Urbanization
New Energy
…
APEC:Pacific Dream
RTA path of China in Asia and the Pacific Area
China will be happy to see the succeed of TPP, but
boost RCEP mostly.
Principle:
From easy to difficult
From simple to complex
Gradually penetrate into
China &
Korea
China & Japan &
Korea
10+3
10+6
Four Opened and Inclusive Characters of the Belt
and Road Initiative to the outside word
Cooperate
development.
Mutual benefit
A win-win
situation
Booming together
The concept
is opened and
comprehensive
No access
limitation
No negotiation
No exclusion
The space
is opened and
comprehensive
Five types of
connectivity
Domains
are opened and
comprehensive
The mode
is opened and
comprehensive
Institutional and
non-institutional
Efficiency will be
improved
Asian Infrastructure Investment Bank
(AIIB) Demand of Asian infrastructure build VS Supply of financing
ADB Fund VS Indonesia Demand
Complementary of the international financial
governance system instead of replacement
Complementary relationship with WB and ADB
Governance, procedure and standard of project are the
points.
American secretary of state + European wisdom
Welcome the US and Japan join in,perform Japan
plunge more money into AIIB.
Cooperation within China, Japan and
Mexico
China’s Semi-product to Mexico and re-export to Japan.
Three big economies of APEC based on population scale
and economic scale
Japan Mexico EPA vs. China-Mexico FTA? FTAAP
(China-Chile, Peru and Costa Rica)
China Latin America Forum
China’s investment in Mexico:
SOE vs. Private case
South-South Cooperation, G20, APEC
Both APEC and the belt and Road initiative will be important for China’s new round of opening up and reform
The initiative will boost Chinese economic transition and restructuring toward a more stable, more sustainable development model.
Countries along The Belt and Road will be involved in regional cooperation and globalization. They can share the Chinese economic high growth and the large market share.
Mutual Discussion + Common Building + Sharing + A win-win situation
Construct The Belt and Road will be beneficial to a more balanced regional economic development and globalization
Coexistence of many types of civilizations. Learning each other.
Conclusion:Oriental Wisdom and Comprehensive Development
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