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ID:
188320
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| Summary/Abstract |
China’s private security companies (PSCs) have become increasingly active actors in meeting the growing demands of Chinese companies operating in high-risk foreign environments for protection and security of both their assets and employees. While growing rapidly in recent decades, Chinese PSCs are relatively new in providing overseas services, remain constrained by lack of well-trained and fully-equipped personnel, and operate under legal uncertainties. Nonetheless, they perform critically important functions in protecting and promoting Chinese security and economic interests abroad. This article provides a preliminary analysis of Chinese PSCs’ introduction to the overseas markets and assesses their performances against opportunities and challenges.
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| 2 |
ID:
147632
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| Summary/Abstract |
The Belt & Road Initiative is China's greatest international economic ambition, aiming at stimulating economic development in a vast region covering sub regions in Asia, Europe and Africa, which accounts for 64% of world population and 30% of world GDP. The Initiative is devised to reconfigure China's external sector in order to continue its strong growth. While infrastructure development plays a central role, the Belt & Road Initiative is a comprehensive one, including also policy dialogue, unimpeded trade, financial support and people-to-people exchange. It is too early to assess the impact of this ambitious Initiative. It certainly has the potential of turning the underdeveloped “Belt & Road” region into a new vibrant economic pillar and contributing to economic policy thinking by incorporating successful experiences of emerging market economies. However, the Initiative also faces very high barriers, including lack of central coordination mechanism, potential clash of different political regimes and beliefs and financial viability of cross-border projects.
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