A conceptual reappraisal of risks in the implementation of BRI after COVID-19: Best strategies to learn for CMNEs in BRI projects

This study is aimed to propose a quantitatively supported framework regarding different types of risks involved in BRI and strategic solutions to neutralize the risks. The conceptual model and related propositions are advanced, based on bibliometric and science mapping analysis of 367 articles published over 6 years about risk, success, failure and dissent about the projects, and strategies to mitigate these risks. The descriptive statistics and science mapping approaches using co-citation analysis were performed with VOSviewer software. A co-citation analysis, coupled with content analysis of most co-cited articles, uncovered four underlying research streams, including "Infrastructural expansion and political & economical risks,” "Investment choice through impact assessment and cultural risks,” "Environmental risks,” and "Real outcomes of BRI projects and viewpoint of host countries.” Among the four strategies identified, developing trust in the Chinese system can be created through National Branding by Chinese MNEs to mitigate the geo-political risks. Second, Guanxi neutralizes the reputation risks and cultural friction in collaborative projects and positively affects BRI project implementation. Third, the localization of management and processes can also help in offsetting the environmental risks in post COVID scenario. Lastly, increasing multilateral funding for sustainable infrastructure can be used to boost financial capacity building and mitigate financial risk to a certain extent. The present study has been a novel attempt to relate current research themes to emerging areas under BRI. This study is one of its kind which focuses on reshaping the views of practitioners, researchers, and policymakers on the multifaceted areas and themes in the BRI research field, to examine the risks and a roadmap for future research. © 2023 Wiley Periodicals LLC.

Reflections on pandemic governance in China and its implications to future 5G strategy

COVID-19 pandemic and its repercussions came as a surprise to nations including China. However, the unique central governance system of the country enhanced its ability to promulgate laws and guidelines which caused rapid changes across all aspects of its development. The result from this was a swift implementation of initiatives that ensured strict safety protocols to reduce the spread of COVID-19, generated advanced analytical technological systems to control the virus, and created new markets for some new technologies. Hence, the enormous growth of 5G contributed a lot to the economic recovery of China. Given its potential shown during the pandemic, the 5G strategy was considered as the most important attempt to face the challenges in post-COVID-19 by the Chinese government. This chapter outlines some of the structures, policy outcomes, and results during the pandemic and makes recommendations for curtailing future challenges. © 2022 Elsevier Inc. All rights reserved.

Economic Policy Uncertainty in China and Bitcoin Returns: Evidence From the COVID-19 Period.

This paper analyses the effects of the Chinese Economic Policy Uncertainty (CEPU) index on the daily returns of Bitcoin for the period from December 31, 2019 to May 20, 2020. Utilizing the Ordinary Least Squares (OLS) and the Generalized Quantile Regression (GQR) estimation techniques, the paper illustrates that the current CEPU has a positive impact on the returns of Bitcoin. However, the positive impact is statistically significant only at the higher quantiles of the current CEPU. It is concluded that Bitcoin can be used in hedging against policy uncertainties in China since significant rises in uncertainty leads to a higher return in Bitcoin. JEL Codes: G32; G15; C22.

The impact of COVID-19 on small and medium-sized enterprises (SMEs): Evidence from two-wave phone surveys in China.

This paper examines the short-term and mid-term impact of COVID-19 restrictions on SMEs, based on two waves of phone interviews with a previously surveyed large SME sample in China. The outbreak of COVID-19 and the resultant lockdowns took a heavy toll on SMEs. Afflicted by problems of logistics blocks, labor shortages, and drops in demand, 80% of SMEs were temporarily closed at the time of the first wave of interviews in February 2020. After reining in COVID-19, authorities largely eased lockdown restrictions in April. Consequently, most SMEs had reopened by the time of the second round of surveys in May. However, many firms, particularly export firms, were running at partial capacity, primarily due to inadequate demand. Moreover, around 19% of incorporated enterprises and 25% of self-employed businesses had permanently closed between the two waves of surveys.