Abstract
China’s economy has enjoyed a long period of explosive growth, making it one of the world’s largest.
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Chose examination of the Silk Road project, often presented as a “historical opportunity”, shows, for sceptics both at home and abroad, an exaggerated potential. It is an excuse for a wasteful spending. It is a project with 5 vague objectives: policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people contacts (over six distinct “economic corridors”).
The BRI is less a coherent scheme involving a clear list of projects than a series of wide-ranging policy aims. Many of the projects now included under its banner have been planned for years (Miller, 2019).
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Interview of the Ambassador, H.E., Zhu Liying, available on https://www.maliweb.net/international/celebration-du-70eme-anniversaire-de-la-fondation-de-la-republique-de-chine-au-mali-en-trois-generations-seulement-la-chine-est-passee-de-zero-a-la-deuxieme-economie-du-monde-2840562.html.
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Attali. J. (2019), “Eloge de la lucidité”, La Chronique, Les Echos, des 6 et 7 septembre 2019.
Guillemette. Y., and D. Turner (2018), “The Long View: Scenarios for the World Economy to 2060”, OECD Economic Policy Paper 22, OECD Publishing.
Kotter. J.P. (1995), “Leading Change : Why Transformaion Efforts Fails?” Harvard Business Review, 150–157.
MCKINSEY Global Institute (2019), China and the World : Inside : Inside the Dynamics of a Changing Relationship, Full Report, 168 pages.
MILLER. T. (2019), China’s Asian Dream : Empire Building along the New Silk Road, ZED Books Ltd, London, UK.
OECD (2019), OECD Economic Surveys: China, OECD Publishing, Paris. https://www.maliweb.net/international/celebration-du-70eme-anniversaire-de-la-fondation-de-la-republique-de-chine-au-mali-en-trois-generations-seulement-la-chine-est-passee-de-zero-a-la-deuxieme-economie-du-monde-2840562.html.
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Appendices
Annex 1: Share of Global Growth of China, US and Germany Between 2000 and 2017
Annex 2: The OECD FDI Regulatory Restrictiveness Index
Annex 3: Technology Market Share, in China and in the Rest of the World
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Based on 2018 or the latest available data.
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Compares local versus imported software development costs.
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Servers used for cloud storage purposes.
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Captures only industrial robots.
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China and rest-of-world market shares assumed to be equal due to data availability.
Source Annual reports; Literature search; McKinsey Global Institute analysis.
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Coulibaly, A.D. (2023). Chinese Economic Growth: A Critical Look. In: Wang, L. (eds) China's Development and the Construction of the Community with a Shared Future for Mankind. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-19-7423-6_71
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