In this Asia-Pacific Insight, Fabien Pacory explores the impact and influence of Free Trade Zones in China's Belt and Road Initiative. Free Trade Zones have more than a role to play in Beijing's strategy, he explains. In various countries, these zones serve various purposes, starting with an economic laboratory role and a pro-reform role which eventually help making the initiative stronger and stronger. There is a genuine strategy here, Pacory explains. The question is: which one?
Tag: China overcapacity
Asia-Pacific Insight: The steel industry is one of China's most significant industries, but it lives difficult times at the moment. In fact, steel overcapacity in China is not just a reality, it has become a source of diplomatic troubles. In this China insight, Antoine Martin comments on the Agreement reached by the United States and China on the matter. He concludes that little change is to be expected. Beijing has little margin of maneuver on the topic, hence overcapacity is likely to remain a burden in China-US relations.