Over the past three decades, China has become a major economic power, with an increasingly global role and agenda. Although its GDP has slowed down to 7% on average per year, in 2010, the country has become the world’s second-largest economy and the largest exporter. What is important, in 2015, with a US$128 billion foreign direct investment (FDI) outflow, China became also the second largest country making FDI abroad, after the United States and on par with Japan. Today, China is no longer heavily dependent on exporting goods and attracting foreign investment. Rather, it has been actively making its own investment abroad and strengthening “Chinese brands” with high-tech added values. And one of the major tools that facilitate China’s outward investment is the Belt and Road Initiative (BRI). This paper aims to provide an in-depth analysis of the foreign investment that is carried out in the framework of BRI’s, its motives and priorities in a broader political context, as well as a focused case study of two countries: Kazakhstan and Kyrgyzstan. The case study was done with the help of the online survey of some 300 respondents in Kazakhstan and Kyrgyzstan among younger and educated elite of these countries. Based on that, we came up with risks and opportunities that BRI’s investment have in Central Asia.
|Title of host publication||International Week Conference|
|Publication status||Submitted - Oct 25 2017|