1st Edition

The Chinese Belt and Road Initiative Strategic Responses of Governments and Multinational Companies

    224 Pages
    by Routledge

    China faces significant hurdles in implementing its Belt and Road Initiative. Since its launch a decade ago, the BRI has become a crucial component of Chinese external economic relations. It has the potential to alter the economic and political landscape of Asia but also Europe. As such, the Belt and Road initiative have placed China at the heart of geopolitics in the Eurasian region but also globally. Therefore, China faces significant hurdles in implementing these initiatives, with many countries and organizations around the world becoming increasingly weary of China’s BRI and geopolitical strategy.

    This book examines these issues of the BRI and analyzes the impact of the BRI on Chinese involvement in Asia and Europe. It sheds light on the strategic responses of host country governments and regional economic organizations, as well as the reactions of Chinese and other multinational companies, and ultimately the Chinese government. This book will appeal to scholars, researchers and practitioners of International Business and Policy, particularly those interested in the BRI and China’s geo-economic influence.

    The chapters in this book were originally published as a special issue of Asia Pacific Business Review.

    Introduction - The Chinese Belt and Road Initiative: strategic responses of governments and multinational companies

    Filip De Beule, Philippe De Lombaerde and Haiyan Zhang


    1. The impact of contextual distance on the investment locations of Chinese multinationals in countries along the Belt and Road Initiative

    Haiyan Zhang and Filip De Beule


    2. Chinese institutions and international expansion within the Belt and Road Initiative: firm capabilities of Chinese companies in the European Union

    Maria Altamira, Gaston Fornes and Alvaro Mendez


    3. Motives behind Sino-Japanese strategic alliances in the new energy vehicles sector in the age of the Belt and Road Initiative

    Anna Maria Dzienis and Agnieszka McCaleb


    4. ‘Truly a European company’: a Chinese auto maker’s strategies of Europeanization

    Pál Nyiri, Nana de Graaff, Agnieszka McCaleb, Ágnes Szunomár, Michiel Verver and Sierk Ybema


    5. Will COVID-19 bury dreams of some overland routes of the Chinese Belt and Road Initiative?

    Katarzyna Czerewacz-Filipowicz


    6. Fighting monopolies: the Chinese Belt and Road Initiative, India, and the competition for the marketplace of international development

    Amitendu Palit and Preety Bhogal


    7. Strategic priorities for regional power connectivity in Asia in the overlapping of subregional initiatives and China’s global energy interconnection

    Daniel Del Barrio Alvarez, Akiko Sasakawa, Kensuke Yamaguchi and Jiyang Wang


    8. Strategic responses of regional economic organizations to the Chinese Belt and Road Initiative: the cases of ASEAN, EAEU, and EU

    Philippe De Lombaerde, Kairat Moldashev, Ikboljon Qoraboyev and Servaas Taghon



    Filip De Beule is Associate Professor of International Business at the Department of Management, Strategy and Innovation at the Faculty of Economics and Business at KU Leuven University (Belgium). His main research interests include the internationalization of firms, social enterprises, the geography of investment, and the study of emerging market multinationals.

    Philippe De Lombaerde is Director at the United Nations University Institute on Comparative Regional Integration Studies (UNU-CRIS) (Bruges, Belgium), and Associate Professor of International Economics at Neoma Business School (Rouen, France). His research interests include international trade, regional economic integration, comparative regionalism, and globalization and regionalization indicators.

    Haiyan Zhang is Associate Professor of International Business at the Department of Strategy and Entrepreneurship at NEOMA Business School (France). His research interests include international business activities of Chinese and overseas Chinese-owned enterprises, management issues of international joint ventures in transition economies, Chinese outward FDI in Europe, EU–China FDI relations, and related issues.