中國在撒哈拉以南非洲的基礎建設投資(2001-2019)

Abstract

Recent literature suggests that China’s investment in infrastructure projects in developing countries has been increasing. However, few studies have examined the features and strategies of Chinese infrastructure investments. To fill the gap in the literature, I constructed a comprehensive dataset of 67 large Chinese infrastructure projects in Sub-Saharan countries and employed quantitative analyses to test hypotheses regarding the relationship between the amount of money and risks of non-completion of these infrastructure projects. The empirical finding suggests that more expensive infrastructure projects under China’s investment tend to have more chance to be suspended/canceled or postponed. To further examine under what conditions is China more likely to get the infrastructure projects completed, I conduct two case studies for the Mpanda Nkua Dam project and the Kafue Lower Hydroelectric Gorge project. Overall, this thesis demonstrates China’s features and investment strategy containing three different levels of risks of non-completion for infrastructure projects. Moreover, this thesis shows that while more expensive infrastructure projects are remarkable, these projects are less likely to be completed, compared to the less expensive counterparts.