Using latest available international survey data on soft power and China’s overseas direct investment (ODI) statistics, this paper examines if China’s Belt and Road Initiative (BRI), announced in November 2013 and commonly perceived as an institution set up by China to build cross-border infrastructure to bolster trade and investment, had increased China’s international image or soft power. Although we find that the overall impact of ODI in BRI countries on China’s soft power is statistically insignificant over the period 2011 to 2016, further analysis reveals that the investments in those Belt and Road countries that are located along the “Belt” (or “Land”) route does bring significant improvement in China’s soft power.
|Number of pages||18|
|Publication status||Published - 15 Dec 2018|
|Event||The 10th Biennial Conference of the Hong Kong Economic Association : 第十届香港经济学会双年学术会议 - Xiamen University, Xiamen, China|
Duration: 14 Dec 2018 → 15 Dec 2018
|Conference||The 10th Biennial Conference of the Hong Kong Economic Association : 第十届香港经济学会双年学术会议|
|Period||14/12/18 → 15/12/18|