The Signing and Amendments of China's BITs with Countries along B&R--Analysis Based on Game Theory

DOI

10.2991/icitme-18.2018.24How to use a DOI?

Keywords

bilateral investment treaty(BIT); B&R; game theory

Abstract

According to the game theory, a bilateral investment agreement (BIT) is a multi-player dynamic game, which involves not only contracting countries, but also potential investors. The preamble and purpose of the BIT are to define the scope of the game, while the investment definition is to further refine the scope of the game. During the process of signing the BIT, there are many times of the game process, and the bilateral effect to contracting parties is not the same. For capital-exporting countries, BIT plays a major role in protecting overseas investment; for investment host countries, BIT plays a role in promoting foreign investment. China's OFDI in countries along the Belt & Road (B&R) is rising in recent years. Among these countries, some countries are developing countries, while some are developed economies such as the European Union. At the present period China should actively sign and amend BITs with developing countries along B&R, and maintain the BITs with the developed countries status quo, waiting for substantial progress in the negotiations of BIT with EU.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hongle Zhang
PY  - 2018/08
DA  - 2018/08
TI  - The Signing and Amendments of China's BITs with Countries along B&R--Analysis Based on Game Theory
BT  - Proceedings of the 2018 International Conference on Information Technology and Management Engineering (ICITME 2018)
PB  - Atlantis Press
SP  - 120
EP  - 125
SN  - 1951-6851
UR  - https://doi.org/10.2991/icitme-18.2018.24
DO  - 10.2991/icitme-18.2018.24
ID  - Zhang2018/08
ER  -