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Environmental-social-economic synergy of China's investment on BRI countries

Yang, Z; Wang, Z; Zheng, H; Tian, K; Song, J; Ma, S; Fan, J; ... Zhang, B; + view all (2025) Environmental-social-economic synergy of China's investment on BRI countries. Resources, Conservation and Recycling , 214 , Article 108039. 10.1016/j.resconrec.2024.108039. (In press).

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Abstract

China's substantial capital investments in the Belt and Road Initiative (BRI) countries spur significant economic growth but also lead to environmental pressures. Capital assets, vital as production intermediates, are treated as consumer goods in traditional accounting, overlooking their productive attributes. To bridge the gap, this study uses the flow matrix method to endogenize Chinese investment capital into a global input-output model. We found that China's investments in 120 BRI countries resulted in a 55 Mt carbon footprint, 2.8 % of these nations' global investment carbon footprint, while generating $78.16 billion in economic benefits and supporting 7.2 million jobs. Moreover, these investments significantly boosted local employment, with Chinese investment labor intensity (labor per emission unit) exceeding the global average. If China applied its domestic technical standards to overseas investments, the investment carbon footprint in these countries could drop by 15.4 % to 47.1 Mt, and value-added and labor intensity could increase by 16.7 %.

Type: Article
Title: Environmental-social-economic synergy of China's investment on BRI countries
DOI: 10.1016/j.resconrec.2024.108039
Publisher version: https://doi.org/10.1016/j.resconrec.2024.108039
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
URI: https://discovery.ucl.ac.uk/id/eprint/10201410
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