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This book aims to illustrate the impact of COVID-19 on the global
aviation industry and its many facets and disruptive innovations
this crisis is bringing to the industry, triggering a new phase of
development for air transportation. As a result, there has been
increased attention on the green aviation industry using new
sustainable fuels (including hydrogen). The aviation industry is
also moving towards operating electric aircraft. The book
emphasizes a new concept of air travel and an entirely new type of
aircraft called eVTOL, which is to say - electric Vertical take-off
and landing aircraft. This new reality is already taking place with
the development of prototypes. However, the road to its
implementation is full of challenges.The later part of the book
focuses on how China has opened doors to the private aviation
sector as the country foresees an enormous opportunity to push its
internal economy and aviation industry further.
This book shows the impact of the recent trade tensions between
China and the US on the world trade order, and how parties have
reached a deal (so called 'phase one', January 2020), which could
lead to a more comprehensive agreement, and the consequences of
these 'adjustments' in shaping new equilibriums.After 40 years,
China has transformed into an economic superpower, which could now
rival the US. This has evoked some concerns, and put the US in an
uncomfortable position, as the US views the rise of China as a
threat to its predominance and interests. However, China's
development and its increasing economic power, which is a direct
consequence of the ongoing reform process, is unstoppable.The
confrontation between China and the US will favor Chinese expansion
into the EU not only because the EU offers a more receptive
environment for Chinese Foreign Direct Investment, but also because
the EU and China have more in common if we consider the Belt And
Road Initiative and the new bilateral investment agreement which is
under negotiation. The EU, not only represents the final
destination of the BRI, but also a more logical and convenient
trade partner for China.The shift of Chinese attention toward the
EU will also change the equilibrium between China, the EU and the
US, bring forth the negotiation of new trade agreements, and move
the entire international community towards a new world trade order
and a new multilateralism which might evolve into a tripolarism.
This book treats different themes which are intrinsically linked
and of extreme significance for the entire global community such as
the necessity to cut emissions and transit toward a more
sustainable and green economy. The content extends to the urgency
to shape a new multilateralism and reinforce cooperation to achieve
global goods, where the environment comes first, to the green
finance which will play a fundamental role for the green transition
paying particular attention to the United Nations' 2030 Agenda for
Sustainable Development.A particular emphasis is given to the
so-called 'Dual Circulation Strategy' (DCS) which is presently
becoming the priority not only for China but also for the rest of
the global community. Due to the uncertainties caused by the
pandemic and other external factors, China has substituted GDP
growth with the so-called six guarantees (liù bǎo 六保) which
represent the six fundamental aspects of the economy and society
that according to the central government must receive priority
attention, and protection in economic policy to ensure economic
recovery. China also introduced the concept of an 'ecological
civilization' (shēngt i wénmíng 生态文明) through
green, low-carbon economic development. One of the targets is to
achieve carbon neutrality before 2060, though the rest of the
global community and in particular the European Union with its
Green Deal, and the US with its renewed climate policies, are
pushing to reach this objective in 2050.In order to grant all these
developments, 'green finance' plays a fundamental role for the
success of this green transition. Therefore, a substantial part of
this book explores the many aspects surrounding this theme. Due to
renewables playing a very important role in the green transition,
the final part of this book explores investment opportunities
related to the development of these alternative sources of energy.
This book studies the new economic and financial reforms China is
adopting to advance its economy, and the policies behind the
Chinese Outbound Direct Investment (ODI). It also aims to
illustrate the impact of China's reforms on Chinese Outward
Investments, and the Internationalization of the RMB.The book
explores the new wave of reforms, especially in the financial
sector, together with President Xi Jinping's vision for a shared
future for mankind together with his explanation on the 'new Era'.
In fact, China is entering a 'New Era' and transforming its economy
into a more sophisticated one, upgrading the industrial sector and
introducing specific and dedicated reforms in the SOEs (State Owned
Enterprises) to render them more efficient and allow them to
compete fairly at the international level.The book also focuses on
RMB 'internationalization'. It also contains an addendum on trade
frictions between China and the US.
This book aims at illustrating the OBOR Initiative (also known as
'Belt and Road Initiative' or BRI), its many facets, including its
background, and how the Chinese government intends to develop this
ambitious project. It describes in detail the role and involvement
of Institutions (lenders, in particular) in the OBOR Initiative. It
offers guidance on how interested parties can participate in the
different projects connected to the Initiative. The views of the
authors, on the main aspects of this Initiative, serve as
suggestions to parties interested in taking part in this
Initiative.The book provides an exceptional amount of information
about how projects connected to the BRI Initiative are financed and
developed. The involvement of UBS clearly shows that financial
institutions are interested in financing the Initiative.There is a
special focus on the relationship between China and the EU, because
the scope of this Initiative is not only to boost trade
relationships between the two regions but also create new
opportunities for all the countries along the new Silk Road.
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