Integrated Assessment of Investment Environment

Huang Yongbin 1 People′s RepublicofChina,230029 Beijing, People′s RepublicofChina,100049 * Republic ofChina,100101 Academy ofSciences, 11A,DatunRoad, Beijing, Chaoyang District, People People′s RepublicofChina,650224 Road” foreign investment strategy. can provide thescientificfoundation inChinarelation for to the decision-making “Belt and strategy steps for the “Belt andRoad” have countries beenformulated. We hopeourresearch represent investmentEurope, andIran thekey areas. India, Basedontheanalysis, investment Germany, represent Netherlands, Italy, investment theattractive andHungary areas. Eastern of the “Belt andRoad” countries. The results Pakistan, showthatRussia,Mongolia, Central Asia, environment, conditionsforsecurity allofwhichare investment theimportant environment and economicdevelopment, traffic infrastructure, informatization, resources, andpolitical “Belt andRoad” hasbeendeveloped countries andusedto comprehensively analyze social influence. technique, Based onDelphi theinvestment environment evaluationsystem ofthe of China’s foreign economic andtradeexchanges alongwithitspoliticalandeconomic inthe strategy ofthecountries “Belt andRoad” zone would andstability helpimprove security Comprehensive assessmentandresearch andobjective oninvestment-climate geopolitical an open,inclusive, balanced, andwidelybeneficialregional economiccooperationframework. anddeveloping abroader,markets, higher, anddeeperlevel ofregional to interaction create aims atpromoting regulated flowofeconomicfactors, allocatingresources efficiently, integrating Road” countries. Geography, Environment, (GES Journal), Sustainability Vol. 10,No1,p. 21–33. Suocheng (2017)Integrated assessmentofinvestment environment for andactions the “Belt and 4 3 2 Li Yu CITATION: KEY WORDS: ABSTRACT DOI AND ROAD” COUNTRIES AND FOR ACTIONS THE “BELT OF INVESTMENT ENVIRONMENT INTEGRATED ASSESSMENT School ofEconomics,School AnhuiUniversity ofFinance &Economics, Hefei, Anhui, University ofChineseAcademy of Sciences, 19A Yuquan Rd, ShijingshanDistrict, ofGeographicInstitute SciencesandNaturalResources Research, Chinese Faculty ofEcotourism, Southwest Forestry University, 300,BailongRoad, Kunming, e-mail: [email protected] author:e-mail: : 10.24057/2071-9388-2017-10-1-21-33 1 , ZhengJi Li Yu, ZhengJi,JinXueting, Wang Zhe, LiZehong, Huang ZhaoMinyan, Yongbin, Dong . SilkRoadEconomicBelt”“The and SilkRoad” Maritime 21st-Century “the initiative the BeltandRoad, investment environment, actions. 1 4 , JinXueting , DongSuocheng 1, 2 , WangZhe 1*, 2 1, 2 , LiZehong 1, 2 , ZhaoMinyan ′s 1, 2,3 ,

21 GEOGRAPHY 22 GEOGRAPHY assessment of investment environment in The goalofthis paper isto provide anobjective 2015]. a comprehensive scie “Belt andRoad” shouldbebasedon countries countries. Therefore, Chineseinvestments in the fully aware oftheinvestment climate invarious At thesametime, someChineseinvestors are not investing to Chineseenterprises the risks abroad. favorable. There are thatincrease otherfactors investors andthelocal populationare notalways individual countries. the Relationshipsbetween andthereoften are large differences between growing. changes policy Investment attraction for theuseand dev the politicalsituationisunstable. Competition some countries, In andLatinAmerica. Africa, abroad goto developingofAsia, countries Chinese investors. ofChineseinvestments Most measures of andnumerous inspections companies, restrictive whichcanexacerbate ofinvestmentswith theextent ofChinese is agrowing associated worldwide concern increase ofChineseinvestments abroad, there andthe economic power ofthecountry However, withthestrengthening ofthe of globalization. proclaimed atanewphase byitsgovernment element ofChina’s “moving outward” policy and Road” initiative shouldbecomeakey countries, theimplementationof “Belt 2015]. andaction, Together[Vision withother architecture ofregional economiccooperation of balanced, favorable for allparticipants, integration, andjointdevelopmentmarket the efficientallocationofresources, deeper ofeconomicfactors, but managedmobility Road” strategy isaimedatpromoting free The documentstressed thatthe “Belt and and SilkRoad.” Maritime 21st-Century “the creation of SilkRoadEconomicBelt”“The planto promote andaction thejoint “Vision Boao Forum for Asia [27March 2015Hainan]) the jointstatement (thatcoincidedwiththe ofCommerce have issued and theMinistry ofForeignCommission, theMinistry Affairs, The NationalReform Development GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY INTRODUCTION elopment ofresources is ntific foundation [Liu, of investment indifferent risks countries etal., 1987],andassessment analyses [Jian component andprincipal multivariate [Stobaugh, 1969], includingbymeansof environment inaccordance withtheirweights theinvestment thatdetermine factors Banting, 1973], ranking [Litvak, countries a comparative analysisof “cold” and “warm” Among themainapproaches discussed, are for foreign investment have beenconducted. number ofstudiesto assesstheenvironment Since the1960s, inChinaandabroad, a 2002]. [Wu, country infrastructure, information, andpoliciesina the physical and geographical conditions, economy, politics, culture, andlaw, including environment ofpubliclife: covers allaspects and politicalsituation. Thus, theinvestment economic policy, applicablelaw, socialorder, finance circulation, taxburden, socialservices, human resources, information channels, development, competition,level ofmarket infrastructure, ofraw availability materials, geographical location,naturalresources, area,on theinvestment e.g., inaparticular thathave factors adirectorindirectimpact of favorable orunfavorable conditions and investment environment isacomplexset 1999].Actually,[Chinese Encyclopedic…, projectsandbusinessactivities construction conditionsandrequirements fornecessary investment climate, i.e., acomplexofall investment environment isalsocalledthe environment”and immaterial [Li,1993]. The as the “external conditions, includingmaterial justified it.Investment environment isdefined “investment environment” andtheoretically P. Bantingfirstproposed theconceptof and scientistsI.Litvak 1968,American In “BELT AND ROAD” COUNTRIES of the “moving outward” strategy. inthecourseofimplementation decision-making substantiation for Chineseforeign investment the “belt” to establishthescientific countries ENVIRONMENT OF THE INVESTMENT ASSESSING THE A SYSTEM OF INDICATORS FOR 01 (10)2017 on thegeographical locationofthecountry, Availability ofstrategic resources depends role intheevent ofwar.that play animportant and resources, bothnatural andman-made, (NIQ). Strategic resources for isaterm labor figuratively namethisindexthe “national IQ” by sixgroups of20 indices. Someauthors development environment, etc, overall, of informatization personnel, informatization availability information andservices, products of information technology, of production development ofinformation use networks, ofinformationthe availability resources, can beassessedbyageneralindex,reflecting of theeconomicstrength ofthecountry. It major, GDP, after comprehensive indicator economy. level Informatization isnowa stable growth ofthenationalorregional basisfor and thelong-term the important representsnational income. Infrastructure intheaggregatepurposes demandand than theshare ofinvestments for these that is, itcanbeseveral timesmore effective development generates a “multiplier effect,” livelihoods ofthepopulation.Infrastructure for publicproductionand people transport ofgoodsand that provide publicservices used for theorganization ofpublictransport, includesengineeringinfrastructure objects, its growth rate, andGDPpercapita. Transport asthesizesuch factors oftheeconomy (GDP), development assumesthecombinationof and security. The level ofsocio-economic resources availability, politicalsituation, infrastructure, informatization, strategic transport socio-economic, into sixsections: assessment ofthe “belt” isbrocken countries thispaper,In theinvestment environment load. index),and regulatory sustainability environmental (environmental sustainability (human development index),management, asindicesofhumandevelopmentvariables and D. Shapiro [2002]relied onsuchcomplex al. [1999]usedsixparameters; S.Goberman parameters andmethods. Thus, D. et Kaufman aimedattheoptimizationof was primarily evaluation have beenestablished. Research directions intheinvestment environment recent years, 1971].In themain[Robock, Li Yu, ZhengJietal. INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT... competitiveness-report-2014-2015/] Each Forum [http://reports.weforum.org/global- 2014-15” publishedby World Economic from the “Global Competitiveness Report infrastructure withthehelp ofthedata were usedto assesstransport air transport, Four parameters, i.e., roads, railways, and ports, infrastructure Transport (Fig.countries 1). The lowest level includedfive Central Asian andIran. groupThe next includedKazakhstan andIndonesia. Malaysia, Saudi Arabia,India, development includedRussia,Germany, the highestlevels ofsocialand economic divided into several groups. The group with were 2013,thesecountries Bank database. In All thesedatawere from taken the World (in%ofGDP). ofgoodsand services imports and expenditures (in%ofGDP),andexports capita, thenumberofpopulation,state’s gross (GDP) andGDPper domesticproduct uneven ofthetotal interms amountof is very ofthe Development “Belt andRoad” countries developmentThe level ofsocio-economic and thestate ofintergovernmental relations. national interest, thesituationincountry, character. environment Security reflects the They may beofglobal, regional, orperipheral ofthecountry. conditions affecting thesecurity political, economic, external andmilitary encompasses factor The nationalsecurity politicalagenda’sgovernment, stability, etc. ofchange suchasthefrequency factors orregion, reflectingvariousin acountry period is apoliticalbackground atacertain strategy.and military The politicalsituation inthenationaleconomic factor important resources. Strategic resources represent an storage, andconsumptionof distribution, development potential, transportation, resources structure, alongwithrational the population,topography, andsubsurface the size of ofitsterritory, thesize andquality OF INVESTMENT ENVIRONMENT INTEGRATED ASSESSMENT

23 GEOGRAPHY 24 GEOGRAPHY GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY 01(10)2017 countries by level development of infrastructure transport in 2013 countries by level development of socio-economic in 2013 Fig. 2. 2. Fig. Fig. 1.Fig. Spatial distribution of the “Belt and Road” Road” and “Belt the of distribution Spatial Spatial distribution of the “Belt and Road” Road” and “Belt the of distribution Spatial Bank database. These parameters for each This information wasdrawn from the World phones andinternet-users per100persons. informatization level: thenumberofmobile Two parameters were usedto assess levelInformatization intermediate position(Fig. 2). EuropeEastern occupiedthe andMongolia five Central Asian hadlowlevel. countries byarelativelycharacterized highlevel; Europe, South,andSouth-EastAsia) were in ofcountries majority West Asia, Eastern United ArabEmirates, Russia, the Malaysia, Economic Belt” (Germany, countries the andmany southern Northern “Silk Road infrastructure.development oftransport the finalvalue, thelower isthelevel of for highways andrailways. The smaller and0.1each 0.2for airtransport, transport, with thefollowing weights: 0.6for marine normalized indicators were summarized 1 beingthelowest score. Furthermore, all onascalefrom 1toform 10, byitsranking indicator to wasconverted acomparable Li Yu, ZhengJietal. Fig. 3. Fig. countries by level of informatization in 2013 in informatization of bylevel countries Spatial distribution of the “Belt and Road” Road” and “Belt the of distribution Spatial INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT... resources includedRussia,Eastern were calculated. instrategic rich Countries of theoverall availability, average values parameters for calculatingthe degree ofseparate normalization After reserves. resources percapita,andproven oil area, forest area, renewable freshwater Specific indicators includedarableland water, basedonthe World Bankdata. energy, arableland, forestry, food, and resources for wasconducted five types: ofstrategicEvaluation ofavailability Availability ofstrategic resources or low. Western, Central, andSouthAsia isaverage Europe. of ofthecountries Informatization ofEastern andsomecountries Malaysia, SaudiArabia, high inRussia,Kazakhstan, level ofinformatization; itisalsorelatively withthehighest Germany isthecountry that thevaluesdecreased from west to east. informatization level indices. Fig. 3shows Their average valuesrepresented countries’ were normalized fromcountry 1to 10.

25 GEOGRAPHY 26 GEOGRAPHY GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY countries by level of strategic resources availability in 2013 Spatial distribution of the “Belt and Road” Road” and “Belt the of distribution Spatial 4. Fig. Fig. 5. Fig. countries by political situation in 2013 in situation bypolitical countries Spatial distribution of the “Belt and Road” Road” and “Belt the of distribution Spatial 01 (10)2017 in Europe andCentral Asia, including 2014. “Secure” are countries concentrated terrorism indexfor in individualcountries wasbasedonAssessment ofsecurity environmentSecurity (Fig. 5). withunstablepoliticalsituationcountries Asia. Iraq, Syria, Yemen, andLibyaare Central Asia, Europe, Eastern andSoutheast and Russia.Relatively stableregions include of exists inthecountries Western Europe appeared thatstablesituation It Law Index). Ruleof andtheruleoflaw (The Index), Perceptions Corruption (The corruption of indicespolicy, the perception of summarized results oftheevaluation wasassessed based onthecountries Political situationinthe “Belt andRoad” The political situation (Fig. 4). much higherthaninothercountries and Road” itstotal indexis country: East.Russiaistherichest the Middle “Belt andEurope, Central Asia, Kazakhstan, Li Yu, ZhengJietal. Fig. 6. Fig. Spatial distribution of the “Belt and Road” countries by security in 2013 in bysecurity countries Road” and “Belt the of distribution Spatial INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT... key zone.key several were othercountries includedinthe and Europe, ofEastern Iran, countries India, investmentwere zone; includedinthepriority (Germany, Netherlands, Italy, andHungary) of Central Asia, and European countries Pakistan,Russia, Mongolia, five countries 1,Fig.(Table 7). based onthevaluesofintegral index and potential investment zones andrisk werecountries dividedinto thepriority, key, indices were summed. The “Belt andRoad” 0.2, 0.15,and0.15. The weighted situation, andsecurity. They were, respectively, ofstrategicavailability resources, political infrastructure, information technology, economic andsocialdevelopment, transport parameters to calculate the integral index: allowed usto theweights determine ofall technique The assessmentbasedonDelphi “BELT AND ROAD” COUNTRIES (Fig. 6). and Iraq, Yemen are considered hazardous Afghanistan, Syria,Mongolia. Pakistan, India, THE INVESTMENT STRATEGY IN THE

27 GEOGRAPHY 28 GEOGRAPHY GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY 01 (10)2017 Fig. 7. Spatial distribution of the “Belt and Road” countries by strategic regions of investment environment in 2013 and Confidence-Building Measures inAsia and Confidence-Building Dialogue (ACD), Conference onInteraction Asia-Europe (ASEM), Asia Meeting Cooperation Asia-Pacific EconomicCooperation (APEC), cooperation, suchastheChina-ASEAN (10+1), develop theinstitutionsofmultilateral to should coordinate economicpolicies the of outward” “Belt andRoad” countries businesses, reg creation offavorable conditionsfor the in the ShanghaiCooperation Organization (2) Basedonthepositiveof experience loadsontheenvironment.permissible in localconditions, investment climate, and intoinvestment, accountdifferences taking human capitalandenhanceexchange of togetherThey couldwork to increase the study ofinvestment sources [Lietal., 2015]. environment, andcreate ajointcenter for the technology, includingthe studyofinvestment basicscienceand to support their efforts “Belt andRoad” could combine countries the relevant administrative ofthe authorities associations, large enterprises, and industry even more important.” Government agencies, is a theperiphery isimportant, country “big whichstates thatwhile apply theprinciple investment environment, senseto itmakes of theattractiveness (1) Considering Li Yu, ZhengJietal. IN THE “BELT AND ROAD” COUNTRIES CHINA’S INVESTMENT STRATEGY FORACTIONS THE DEVELOPMENT OF ikzn Afghanistan, East Timor, Syria, zone Risk ment zone Potentialinvest- zone investmentKey ment zone invest-Priority ional organizations “moving Yemen Jordan, Bangladesh,Brunei,Iraq pal, Lebanon, thePhilippines, Laos, Tajikistan, Bahrain,Maldives, Ne- wait, Bhutan, SriLanka, India wait, Bhutan,SriLanka, dia, Myanmar, Israel, Oman,Ku- Qatar,SaudiArabia, Iran, Cambo- ates, Mongolia Indonesia, Vietnam, theUnited ArabEmir- Singapore, Thailand,Malaysia, menistan, Kyrgyzstan, Uzbekistan, Pakistan,Turk- Kazakhstan, countries by the integral index of investment environment investment of index integral bythe countries Table 1. The grouping of the “Belt and Road” Road” and “Belt the of Table 1. grouping The Asia INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT... Kosovo gro, Moldova BosniaandHerzegovina, Cyprus, Georgia, Montene- Macedonia, Greece, Armenia Azerbaijan, BelarusAlbania, nia, Romania,Bulgaria, Czech Slove- Republic, Croatia, Slovakia, Hungary, Poland,Ukraine, Serbia, Turkey, Italy tria, Russia, theNetherlands, Germany, Aus- information aboutchangesinthe policy including culture, tradition,religion, and targetedin thecountries for investments, legislation andother areas ofsociallife to thoroughly studytheinvestment investment isnecessary companies. It personnel to inmultinational work legal fieldandtrainingofhighly qualified study ofinter-state differences inthe (4) isfeasible to promote actively It the and socialdevelopment ofthe “Belt andRoad”. safeguards thatpromote sustainableeconomic for andinvestment continuousinteraction for collaborative development ofinstitutions be given to thecreation ofspecific structures Emphasisshould with Chineseparticipation. developmentand long-term ofcompanies investments andoninsuranceoflegalrights investments onadmittanceandprotection of agreements ofpotential withcountries promote into entering orrenewing regional (3) shouldactively The Chinesegovernment reduction ofinvestment risks. mechanisms for resolution conflict and the regional organizations andto explore to strengthen thelinksbetween isnecessary It Asia Regional EconomicCooperation (CAREC). Cooperation Program andCentral (GMS-EOC), Dialogue, Subregion Greater Economic Mekong Cooperation Strategic Council (GCC) China-Gulf (CICA), China-ArabStates Cooperation Forum, Europe Algeria, Libya Algeria, Tunisia, Egypt, Morocco Africa

29 GEOGRAPHY 30 GEOGRAPHY and communities. to establishrelations withthegovernments ofenterprises ability countries, thusensuring adhere toand to thelaws strictly ofthehost and recommendation ofthegovernments, into accounttheopinion andtake determine targetedof thecountries for investments, to with theappropriate authorities government (5) Investors needto strengthen cooperation timely manner, emerging risks. “blind” investment andassessing, in a of thedifferent countries, thusavoiding GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY 12. Vision and action planto Vision promote andaction thejointcreation of SilkRoadEconomicBelt”“The and 12. Stobaugh R.B. (1969)Howto analyze foreign investment BusinessRe- climate. Harvard 11. of RobockS.H.(1971)Political identificationandassessment. Journal risk: World Business. 10. REFERENCES 1. .Liu W.D. (2015)Scientific issuesandscientificcontent ofthe “Belt andRoad” strategy In: 9. I.A.,BantingP.M. Litvak for (1973)Aconceptualframework businessar- international 8. Li Y.N. (1993) Economy Beijing:Xinhuachubanshe, Dictionary. 439. The Great Market 7. Li Y., S.C.etal. ontheadoptionof«Program LiZ.H.Dong (2015)Reflection for Funda- 6. LiJ.J. oninvestment-environment (2004)Report study. Antropogeography. 19(5):34–39. 5. D., A.,Zoido-Lobaton Kaufmann Kraay P. (1999)Aggregating indicators, governance 4. JianS. Wang H.J., LiB.X. etal. (1987)Investment environment inChina.Center for Socio- 3. S.,Shapiro Goberman D. (2002)Globalforeign investment direct flows: The role ofgov- 2. Waijiao chubanshe. [inChinese]. ofForeign ofCommerce ofChina. Beijing: mission, theMinistry Affairs, and theMinistry SilkRoad. (2015) Maritime 21st-Century The NationalReform“the Com- Development view, 48(5):100–109. (7–8): 6–20. Progress jinzhan).34(5):538–544.[inChinese]. inGeographical Science(Dilikexue 3).Pacific (Vol. Palisades:Management Goodyear Publishing, 85–95. SethiS.P.,rangement In: ShethJ.N., eds. MultinationalBusiness Operations:Marketing [in Chinese]. of theChineseAcademy ofSciences. 30(1):32–36.[inChinese]. mental Scienceand Technology ofthe«SilkRoadEconomicBelt.»Proceedings Support [in Chinese]. Policy paperNo. research 2195. working The World Bank. Academic ExchangeHong Kong Centre. [inChinese]. logical Research StudiesofChina(PRC’s andDevelopment State Council) andBeijing- infrastructure.ernance World 30(11):1899–1919. Development. quanshu chubanshe, 5383.[inChinese]. (1999)Seventh Dictionary. Edition.Beijing:Zhongguodabaike Chinese Encyclopedic (CW 201501). (CW progress ofscientistsandcreative teams ofEducationontheof theMinistry Center onregional development, Program ofChina-ASEANInnovationprojects specialresearchof CAS(Y02015001), Consultation for scienceandtechnology Projects ofStrategic of theInstitute Road” Consulting Key (ZDRW-ZS-2016-6-5), Chinese Academy ofScience “Belt and project ofthe ofthekey the framework withinThe studywasfinanciallysupported ACKNOWLEDGEMENTS 01 (10)2017 Li Yu, ZhengJietal. Received on January 21 Received onJanuary Wu Y.M. (2002)Creation ofanindexsystem for assessmentofinvestment environment of 13. [in Chinese]. Chinese regions andanintegrated assessmentmethod. Nanduxuetan,22(2):109–113. st ZhengJiisaresearch ofGeographic assistantinInstitute

, 2017 i Xueting Jin reports forreports thegovernmentonregional sustainabledevelopment. papers, consulting andwastheleadingauthoroffour important and HebeiProvince. recent years, In hepublishedmore than30 ofLandandResources ofNaturalResources,Society ChineseMinistry Economics. Hewasrespectively honored withtheawards ofChina Ecological EconomicsCommittee for ofChinaSociety Ecological Chinese Academy GeneralofRegional ofSciences. HeisalsoSecretary AcademyChinese of S ofGeographic SciencesandNaturalResourcesInstitute Research, and participated inmore than10researchand participated projects. traffic. Shehaspublished 12papers evaluation andlow-carbon Sciences. Herresearch focuses onthe resources andenvironment Sciences andNaturalResources Research, ChineseAcademy of than 10research projects. city. inmorecarbon Shehaspublished2papersandparticipated Sciences. Herresearch focuses onresource economicandlow- Sciences andNaturalResources Research, ChineseAcademy of Li Yu INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT... is associate professor atthe andmaster’s supervisor is amast ciences, andProfessor of attheUniversity er candidate of Institute ofGeographicer candidate ofInstitute Accepted onFebruary 9 th , 2017

31 GEOGRAPHY 32 GEOGRAPHY GEOGRAPHY, ENVIRONMENT, SUSTAINABILITY Project andregional cooperation projects. Hehaspublishedmore than50papers. ScientistUnionof Wang oftheInternational Zheistheexpert Huang Yongbin at theSchoolofEconomics, works Anhui Zhao Minyan isaPh.D. ofGeographic candidate ofInstitute LiZehong isanassociate professor from andmaster supervisor 10 papers. national orprovincial research andpublishedmore projects than economy.economics andcyclic Hejoinedinmore than10 Academy ofSciencesHefocuses onregional ecological Geographic SciencesandNaturalResources Research, Chinese BeltandRoadInitiative”,“the Ph.D. of candidate ofInstitute regional ecological economics. University. mainareas ofstudyare development His and urban research projects. inmore thanand20 had published40papersandparticipated Trainer oftheNationalAssociation for USA.She Interpretation, asInterpretive SheisthefirstChinesepersoncertified ecotourism. ecological economy, environmental interpretation and Southwest Forestry University. Herresearch focuses onregional Sciences andanassociate professor ofFaculty ofEcotourism, Sciences andNaturalResources Research, ChineseAcademy of basic specialproject, NationalNaturalScienceFoundation 20 research projectsincludingnationalscienceandtechnology research. inand finished more than Hehasparticipated ecological economicsystem analysisandresource economics Economy Zone. mainly academy isinregional direction His ofSilkRoad andSustainableDevelopment Eco-environment Conference GeneraloftheInternational on Secretary the Deputy research committee ofChina’s ofnaturalresources Society and ofresources economy CAS. HealsoistheSecretary-General ofGeographic SciencesandNaturalResourcesInstitute Research, 01 (10)2017 Li Yu, ZhengJietal. and books. Technology ofP.R. China,from 2016to 2021.Heistheauthorofover 300academicpapers ofScienceand fundedbytheMinistry economiccorridor international Mongolia-China ScientificExpeditionofRussia- now inchargeprojectofmulti-disciplinary ofthestate key dedicates to promote Heis cooperationamongChina,RussiaandMongolia. international Healso development decisionmaking. fortechnological nationalsocio-economic supports adopted bytheofficeofState Council, scientificand whichprovided important wrote reports byprofessor were Dong advisory more than14awards. important Nine researchcooperation, key programs andlocalgovernments, oftheministries andobtained research90 key projects ofNationalNaturalScienceFoundation ofChina,international modes, whichare widelyimplemented inmany areas ofChina.Hepresided over more than modesandcomprehensive circular tourism economycharacteristic modes, eco-city resource modes, economics,theecological civilizationconstruction Chinese andputforth and of China,UNIDO. ofregional andpractice eco-economics Hefocuses ontheory Committee Expert ofEcological Economics;memberofGreenof ChineseSociety Industry , Doctor ofSciences, DongSuocheng,Doctor isleadingprofessor of and Planning &Design Center, IGSNRR,CAS.Heisvicepresident Research ofChinaNaturalResourcesTourism Society; Research Ecological Economics;Committee ofResource Economics Resource EconomicsResearch Committee Center; ofRegional Regional Ecological EconomicsResearch andPlanning Center; manyCouncil. renowned institutionsofChina– Healsoserves memberofRussiaandChinaEcologicaland RoadInitiative; ScientistsUnionoftheBelt GeneraloftheInternational Secretary Chinese Academy ofScience. HeistheExecutive and Chairman ofGeographic SciencesandNaturalResourcesInstitute Research, INTEGRATED ASSESSMENT OF INVESTMENT ENVIRONMENT...

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