Staff View: Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan

Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan

Growing capital over-accumulation and excessive industrial production have forced policy makers in Beijing to search for profitable outlets overseas. The Belt and Road Initiative (BRI), which focuses on infrastructure connectivity projects across Eurasia, reflects these efforts. This paper theorizes...

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Main Authors:	Khan, Hidayatullah, Md Akhir, Md Nasrudin, Govindasamy, Geetha
Format:	Article
Published:	Institute of China Studies 2022
Subjects:	Business Foreign exchange. International finance.
Online Access:	http://eprints.um.edu.my/44046/
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id	my.um.eprints.44046
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spelling	my.um.eprints.440462023-12-01T06:38:18Z http://eprints.um.edu.my/44046/ Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan Khan, Hidayatullah Md Akhir, Md Nasrudin Govindasamy, Geetha Business Foreign exchange. International finance. Growing capital over-accumulation and excessive industrial production have forced policy makers in Beijing to search for profitable outlets overseas. The Belt and Road Initiative (BRI), which focuses on infrastructure connectivity projects across Eurasia, reflects these efforts. This paper theorizes BRI as a spatial fix, aimed to overcome the recurring problem of over accumulation of capital. This paper focuses on BRI-led projects in Kyrgyzstan and Tajikistan. By conducting unstructured interviews with experts and examining projects, this paper found that BRI-led projects in Kyrgyzstan and Tajikistan not only provided a new geographical space and under saturated market for Chinese surpluses but also created demand for Chinese state-owned enterprises (SOEs) which were facing decline in returns. This paper also found that through elements such as non-competitive bidding, embedded conditionality, and double preferential loans, China has successfully stimulated overseas demand for its surpluses. The study therefore concludes that BRI-led projects in Kyrgyzstan and Tajikistan serve as a spatial fix for China. © 2022, Institute of China Studies. All rights reserved. Institute of China Studies 2022 Article PeerReviewed Khan, Hidayatullah and Md Akhir, Md Nasrudin and Govindasamy, Geetha (2022) Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan. International Journal of China Studies, 13 (2). 155 -180. ISSN 21803250,
institution	Universiti Malaya
building	UM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaya
content_source	UM Research Repository
url_provider	http://eprints.um.edu.my/
topic	Business Foreign exchange. International finance.
spellingShingle	Business Foreign exchange. International finance. Khan, Hidayatullah Md Akhir, Md Nasrudin Govindasamy, Geetha Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
description	Growing capital over-accumulation and excessive industrial production have forced policy makers in Beijing to search for profitable outlets overseas. The Belt and Road Initiative (BRI), which focuses on infrastructure connectivity projects across Eurasia, reflects these efforts. This paper theorizes BRI as a spatial fix, aimed to overcome the recurring problem of over accumulation of capital. This paper focuses on BRI-led projects in Kyrgyzstan and Tajikistan. By conducting unstructured interviews with experts and examining projects, this paper found that BRI-led projects in Kyrgyzstan and Tajikistan not only provided a new geographical space and under saturated market for Chinese surpluses but also created demand for Chinese state-owned enterprises (SOEs) which were facing decline in returns. This paper also found that through elements such as non-competitive bidding, embedded conditionality, and double preferential loans, China has successfully stimulated overseas demand for its surpluses. The study therefore concludes that BRI-led projects in Kyrgyzstan and Tajikistan serve as a spatial fix for China. © 2022, Institute of China Studies. All rights reserved.
format	Article
author	Khan, Hidayatullah Md Akhir, Md Nasrudin Govindasamy, Geetha
author_facet	Khan, Hidayatullah Md Akhir, Md Nasrudin Govindasamy, Geetha
author_sort	Khan, Hidayatullah
title	Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
title_short	Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
title_full	Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
title_fullStr	Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
title_full_unstemmed	Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan
title_sort	externalization of domestic economic constraints: china’s spatial fix in kyrgyzstan and tajikistan
publisher	Institute of China Studies
publishDate	2022
url	http://eprints.um.edu.my/44046/
_version_	1784511896765857792
score	13.222552

Externalization of domestic economic constraints: China’s spatial fix in Kyrgyzstan and Tajikistan

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