China Outbound Investments Vol. 24 – Q4, 2014
China Outbound Investments Vol. 23 – Q3, 2014
China Outbound Investments Vol. 22 – Q2, 2014
China Outbound Investments Vol. 21 – Q1, 2014
View M&A / Equity Transactions Q1 – Q4, 2014
View Government Related Loan Agreements Q1 – Q4, 2014
View Government Agreements Q1 – Q4, 2014
Compare China Outbound Investments Q1 – Q4, 2014
Compare China Outbound Investments Vol. 17 – 20, 2013
Quarterly Feature – Launch of Polar Silk Road
In January, China released its first official Arctic policy white paper, outlining its ambition for a “Polar Silk Road”. Vice Foreign Minister Kong Xuanyou said China would encourage companies to build infrastructure and conduct commercial trial voyages that would “bring opportunities to the Arctic”.
Kong said Beijing considered itself an important stakeholder in the Arctic, a region that mattered to the entire international community. In the white paper, Beijing called for more scientific research and environmental protection for the Arctic Circle, and it also reveals its ambition to tap resources and take part in governance. It suggests exploration of a potential shipping route across the Arctic – which it dubs the “Polar Silk Road” – as well as development of oil, gas, mineral resources and other non-renewable energy sources, fishing and tourism in the region.
The white paper comes amid mounting speculation over China’s ambitions in the Arctic. The world’s second-largest economy has been on the hunt to secure enough energy resources to meet its growing demand – and the Arctic has 30% of the world’s undiscovered natural gas and 13% of its undiscovered oil reserves. As rising temperatures result in sea ice melting across the Arctic, there are new opportunities for ships to travel through previously inaccessible, resource-rich areas.
Xi first raised the idea of the “Polar Silk Road” in Moscow in 2017, unveiling a series of plans with Russia in the Arctic that would be incorporated into the ever-expanding “Belt and Road Initiative”, such as polar areas, deep ocean, space and cyberspace – had grown along with the expansion of its economy and global influence.
China has stepped up its engagement in the Arctic in recent years and was granted observer status on the Arctic Council in 2013, which gives it input on governance of the region. The council comprises eight member countries bordering the Arctic – Canada, Denmark, Finland, Sweden, Norway, Russia, the United States and Iceland.
© Grisons Peak 2018. All rights reserved. Reproduction by permission only of the Author of this document, Grisons Peak.
Copyright and Intellectual Property Right Ownership: This document and all Information therein, contains material owned by either Grisons Peak or its Information Providers which is protected under copyright, trademark and other intellectual property laws. Neither this report nor any part of it may be reproduced, stored in a retrieval place or transmitted by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Grisons Peak. Grisons Peak and its Information Providers, as applicable, own the copyright to all Information and works of authorship. All trademarks, service marks, and logos used on the document are the trademarks, service marks, or logos of Grisons Peak or its Information Providers, as applicable.