Friday, January 27, 2023
No Result
View All Result
  • Media
Support Us
Macdonald-Laurier Institute
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media
No Result
View All Result
Macdonald-Laurier Institute

Slowing economy will hamper China’s global Belt and Road scheme

A new paper by Stephen Nagy finds that the economic headwinds that China is battling will affect the trajectory and influence of its Belt and Road Initiative.

April 22, 2022
in Dragon at the Door, Economic policy, Foreign Affairs, Foreign Policy Program, In the Media, Indo-Pacific, Latest News, Releases, Stephen Nagy
Reading Time: 3 mins read
A A

OTTAWA, ON (April 22, 2022): As countries on every continent grapple with inflation, broken supply chains and soaring energy prices, a new MLI paper indicates that even China’s juggernaut economy will face a slowdown that could threaten Beijing’s plans to become the world’s leading superpower.

In “Economic Headwinds and a Chance of Slower Growth,” Senior Fellow Stephen Nagy provides an updated snapshot of China’s economic prospects as it deals with its own domestic issues while also adjusting to a changing global geopolitical landscape.

Nagy uses China’s Belt and Road Initiative (BRI) as a barometer to gauge how economic and political challenges could impact the regime’s mission to replace the United States as the world’s dominant political and military power.

Beijing argues that its BRI – the signature policy program of Chinese President Xi Jinping – is designed to help developing nations finance the building of railways, power plants, airports and other major infrastructure. Critics call it a strategic debt trap that has left numerous developing and cash-strapped countries owing vast debts that they have no hope of repaying, while allowing China to further exploit natural resources and establish military outposts around the world.

According to these critics, the BRI is a tool of economic influence over weaker partner countries that helps advance China’s crusade for global supremacy, allowing it to supplant traditional international financial institutions while creating tensions between members of western alliances.

Nagy argues that a series of converging factors, including pressures that are undermining Beijing’s ability to sustain funding levels to the trillion-dollar program, are placing constraints on the BRI and its effectiveness in helping China achieve its international agenda.

“Structural issues, geopolitical tensions, the COVID-19 pandemic, and now the Ukraine-Russian conflict will all contribute to putting downward pressure on the Chinese economy,” writes Nagy. “This will limit the resources that can be deployed to the BRI as a geoeconomic instrument to achieve China’s strategic national objectives.”

As well, the BRI is no longer the only game in town. As nations become more wary of the political strings attached to China’s economic development offerings, new international assistance programs supported by the likes of the US, Japan, Australia and India mean that countries now have more alternatives than simply agreeing to join China’s BRI.

Nagy concludes that the economic headwinds that China is battling will affect the trajectory and influence of the BRI in the years ahead.

“In the future, China will be less able to use the BRI as a tool to reshape the Indo-Pacific region into an architecture better suited to its geopolitical preferences.”

To read the full paper, click the button below.

***
Stephen R. Nagy is a Senior Associate Professor at the International Christian University in Tokyo and a Senior Fellow at the Macdonald-Laurier Institute.

For more information, media are invited to contact:

Brett Byers
Communications and Digital Media Manager
613-482-8327 x105

brett.byers@macdonaldlaurier.ca

Tags: Belt and Road InitiativeChinaForeign AffairsIndo- PacificStephen Nagy
Previous Post

‘Big Tobacco’ COVID-19 vaccine: What were the Liberals thinking? Nigel Rawson and John Adams for the Financial Post

Next Post

Federal budget 2022 shows Ottawa still doesn’t understand innovation: Philip Cross in the Financial Post

Related Posts

Alberta 2023 and beyond: Fiscal policy, health care and federal-provincial relations
Releases

How Alberta can ensure greater prosperity in 2023 and beyond

January 26, 2023
Alberta 2023 and beyond: Fiscal policy, health care and federal-provincial relations
Papers

Alberta 2023 and beyond: Fiscal policy, health care and federal-provincial relations

January 26, 2023
Ford’s health-care plan – disruptive innovation, not privatization: Shawn Whatley in the Financial Post
Columns

Ford’s health-care plan – disruptive innovation, not privatization: Shawn Whatley in the Financial Post

January 25, 2023
Next Post
Determining competitiveness in an increasingly intangible innovation economy: Speer and Asselin in the Globe and Mail

Federal budget 2022 shows Ottawa still doesn’t understand innovation: Philip Cross in the Financial Post

Macdonald-Laurier Institute

323 Chapel Street, Suite #300
Ottawa, Ontario
K1N 7Z2 Canada

613.482.8327

info@macdonaldlaurier.ca
MLI directory

Follow us on

Newsletter Signup

First Name
Last Name
Email Address

Support Us

Support the Macdonald-Laurier Institute to help ensure that Canada is one of the best governed countries in the world. Click below to learn more or become a sponsor.

Support Us

Inside Policy Magazine

  • Current Issue
  • Back Issues
  • Advertising
  • Inside Policy Blog
  • Privacy Policy

© 2021 Macdonald-Laurier Institute. All Rights reserved.

No Result
View All Result
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media

© 2021 Macdonald-Laurier Institute. All Rights reserved.

IDEAS CHANGE THE WORLD!Have the latest Canadian thought leadership delivered straight to your inbox.
First Name
Last Name
Email address

No thanks, I’m not interested.