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2017 Vol. 25, No. 5  Published: 20 May 2017
A Chinese Plan on International Rule of Law: A Perspective of Global Governance on One Belt One Road Initiative Hot!
HE Zhipeng
2017, 25(5): 1-12  |  Full text (HTML) (1 KB)  | PDF   PDF (1089 KB)  ( 1636 )
Various interpretations and explorations, from different perspectives, could be provided on One Belt One Road Initiative. In the perspective of international law, One Belt One Road Initiative can be regarded as a new exploration of the Chinese government and Chinese people in the field of international rule of law based upon  new thinking and creative approaches. It demonstrates that China has changed the traditional thinking of passive coping in the field of international legal system, and tried to form an active and motivating thinking. At the same time, instead of setting up new international organizations, One Belt One Road Initiative will go along with the existing rules and institutions. It means China will adhere to the approach of “crossing the river by feeling the stones” which proves to be effective during the reform and opening, and that China will launch a “nonsystematic” exploration. With regard to specific content of One Belt One Road Initiative, China will promote a new culture of international relations, which is characterized by the fact that the traditional logic of “strength deciding gains” should be reformed, and sovereignty and internal affairs of relevant states should be fully respected. In this way, China may create an international legal culture to promote friendly transaction, mutual benefit, and winwin game among states.
Building Fair and Reasonable Dispute Settlement Mechanism of One Belt One Road Hot!
2017, 25(5): 13-22  |  Full text (HTML) (1 KB)  | PDF   PDF (1029 KB)  ( 1396 )
Building dispute settlement mechanism is a systematic project of great meaning, and it is one of pivotal steps in legal construction of One Belt One Road Initiative. In the process of which, overall consideration should be taken on international and domestic resources, positive interaction between international and domestic rule of law will be needed, and coordination between international dispute settlement mechanism and domestic jurisdiction shall be necessary. In the construction of dispute settlement mechanism, we shall base on existing international dispute settlement mechanism of multilateral, regional and bilateral relations, pushing relevant nations along the Land and Maritime Silk Road to negotiate and build creative dispute settlement mechanism. Furthermore, we shall also fully utilize domestic judicial system and commercial and maritime arbitration system, in order to construct dispute settlement structure of multi-level, multi-dimension, mutual cooperation and positive interaction.
The Position, Clarification and Coordination of the Relationship between AIIB and Existing Multilateral Development Banks Hot!
2017, 25(5): 23-33  |  Full text (HTML) (1 KB)  | PDF   PDF (1063 KB)  ( 4616 )
Since its preparatory stage, Asian Infrastructure Investment Bank (AIIB) has triggered extensive discussions about its impact on the existing system of multilateral development banks (MDBs). The relationship between AIIB and the existing MDBs is “complementary rather than competitive”, while views arguing negative relationship between the two still exist. Concerns about the politicization of economic issues are ridiculous, however, it is necessary to pay due regards to concerns about competitiveness and to clarify that there is no vicious competition between AIIB and existing MDBs. The absence of economies like the US and Japan has limited impact on the establishment of benign relations, and AIIB can draw advanced experience of the existing system of MDBs to build a new mode of reciprocal development, complementing each other in terms of capital, experience and ability, information and knowledge, personnel and institutions as well as other aspects. In the process of eliminating vicious relationship, concerning limitations of international coordination, AIIB can take the initiative to build a “firewall” against vicious competition, and eliminate concerns from the outside about vicious competition by means of selfpromotion.
India’s Policy Approach to Promote BBIN Sub regional Cooperation:A Subsequent Discussion on the Perspective of Connecting China’s Economic Corridor Initiatives with BBIN Hot!
WU Zhaoli
2017, 25(5): 34-43  |  Full text (HTML) (1 KB)  | PDF   PDF (1046 KB)  ( 1239 )
In the context of Chinas One Belt One Road Initiative to promote building economic corridors with South Asian countries, Indias Modi government propels the BBIN(Bangladesh, Bhutan, India and Nepal) initiative. As a tool to enhance regional influence, Indias future policy approach will aim at constructing “BBIN+2”subregionally and linking the BBIN initiative with other projects selectively. Because of the political trust deficit, it is likely that BBIN will be a challenge to Chinas economic corridor initiatives. Geographical contiguity becomes an impetus for China to promote subregional cooperation in the South Asian, but geopolitical factors also have a profound impact on China’s aspiration. In order to promote effective coordination, China needs to make scientific plan in terms of partnership idea and participation path.
New Developments of World Economy and the Construction of One Belt One Road Hot!
ZHU Caihua
2017, 25(5): 55-67  |  Full text (HTML) (1 KB)  | PDF   PDF (1498 KB)  ( 1445 )
During the recovery process of the past decade, world economy has witnessed new developments such as profound adjustment of structure, continuous change of pattern, unprecedented increase of force against globalization and arduous shift of governance. One Belt One Road (OBOR) Initiative proposed by China has demonstrated great significance in this context. On the one hand, promoting international cooperation on productive capacity will help accelerate a new round of global industrial transfer. On the other hand, increasing connectivity will enhance shaping overall pattern of the AsianEuropean economy and trade. At this moment when the Belt and Road Forum for International Cooperation is to be held in Beijing, what China needs to consider first is how to tell the story of the OBOR and make the logic underpinning heard and accepted. This article identifies two major topics which may guide the construction of One Belt One Road: one is to confront the fourth industrial revolution together, and the other is to carry out a new type of globalization. Only when broad consensus has been reached on these two crucial issues, will the construction of One Belt One Road be successfully achieved.
Estimating Oil/Natural Gas Trade Competitiveness and Cooperation Status of Main OBOR Countries: Perspective of Industry Chains Hot!
WANG Yaoqing;DUN Fenghua;SUN Zesheng
2017, 25(5): 68-83  |  Full text (HTML) (1 KB)  | PDF   PDF (1604 KB)  ( 594 )
This paper measures and compares oil/natural gas trade competitiveness and cooperation status of main countries related to One Belt One Road Initiative (OBOR) from the perspective of industry chains. Major findings are: China and Indias industry chain competitiveness is mainly reflected in the downstream sectors such as synthetic fiber. Main oil and gas exporting countries hold crude oil and gas trade competitiveness, but lack competiveness and comparative advantage in downstream sectors. Channel states are weak in different sectors of chain competitiveness, and competitiveness and comparative advantage of middle-sized oil/gas countries is not prominent. Chinas cooperation status with the main OBOR countriesis highest incrude oil/gas import, which is followed by synthetic fiber and synthetic resin export, but the cooperation status of main OBOR countries is weak in organic chemicals and synthetic rubber. Further emphasis on oil/gas cooperation of main OBOR countries should be paid to the combination of competitiveness and the match of comparative advantage.
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