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"For Indonesia, which is keen to accelerate its infrastructure development, Belt and Road Initiative (BRI) is seen as an opportunity to tap into China's huge financial resources and technological capability. There has however been no concrete BRI project agreed to between China and Indonesia so far. While China considers all projects, including infrastructure projects and economic interactions as part of BRI, Indonesia only considers those infrastructure projects initiated during the Xi Jinping period as BRI projects. Indonesia has offered several broad areas for cooperation under the BRI framework and carefully selected project locations to minimize political risk for the Joko Widodo government. But no agreements have been signed yet as China requires detailed project proposals from Indonesia, which it has apparently not received. What appears to hamper progress are four key issues: the perception of China's economic domination, the ethnic Chinese issue, the Natuna issue, and the mainland Chinese workers issue."

"Penelitian ini menganalisis fenomena kehadiran China di negara-negara Magribi khususnya Aljazair dan Libya, yang merupakan top trade partner China di kawasan ini. Melalui wadah kerja sama FOCAC dan BRI, China telah berfokus pada kerja sama yang lebih stratejik dalam pada sektor pembangunan dan pinjaman ke negara-negara tersebut. Disamping itu, China menyatakan adanya keselarasan antara BRI dengan SDGs (Suistainable Development Goals), sehingga dirinya akan bersama-sama terlibat secara aktif dalam mendorong pencapain indikator SDGs dengan negara – negara yang terlibat proyek BRI. Penulis menggunakan konsep neokolonialisme serta teori ketergantungan, world sytem theory, dan indikator SDGs untuk memperoleh jawaban dari pertanyaan penelitian. Penelitian ini menggunakan penelitian kualitatif dengan jenis penelitian kajian literatur. Melalui penelitian ini dapat disimpulkan bahwa keterkaitan antara BRI dengan SDGs hanya mengandalkan promosi pembangunan infrakstruktur sebagai kendaraan untuk pencapaian indikator - indikator SDGs. Sepanjang lima tahun Aljazair dan Libya bergabung dengan BRI, ditemukan bahwa agenda BRI di kedua negara tersebut hanya berfokus pada aspek – aspek yang berkaitan dengan kepentingan BRI dan khususnya kepentingan China.

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This research analyzes the phenomenon of China's presence in the Maghreb countries, especially Algeria and Libya, which are China's top trade partners in the Maghreb region. Through the FOCAC and BRI cooperation forums, China has focused on more strategic cooperation in the development sector and lending to these countries. In addition, China stated that there is a link between BRI and the SDGs (Suistainable Development Goals), so that it will be actively involved in encouraging the achievement of SDGs indicators with countries involved in the BRI project. The author uses the concept of neocolonialism and dependency theory, world system theory, and SDGs indicators to obtain answers to research questions.This research uses qualitative research with the type of literature review research. Through this research, it can be concluded that the relationship between BRI and the SDGs only relies on the promotion of infrastructure development as a vehicle for achieving the SDGs indicators. During the five years that Algeria and Libya joined the BRI, it was found that the BRI agenda in both countries only focused on certain aspects related to the interests of BRI and especially for China national interest."

"ABSTRAKUneven global economic development resulted by the global financial crisis of 2008-09, and infrastructure gay in the Asia-pasific region have become current economic challenges that the world has to overcome."

"This research investigates whether Chinese cross-border investments have positive impact onshareholders wealth and whether the amount of bidders? free cash flow influences the shareholderreturns resulted from the acquisitions. The sample is based on 77 top Chinese cross-border investmentsduring the years 2005-2009 with each deal value of minimum US$100 million. The assessmentsof acquisition abnormal returns are based on the event study methodology (Brown & Warner, 1985).Cross-sectional regression analysis is used to determine the bidding firms factors which significantlyaffect the returns. Factors are examined using OLS with White?s heteroscedasticity-corrected standarderrors, since the assumption of homoscedasticity is likely to be violated. The study proves Chinesecross- border acquisitions result in positive abnormal returns which is consistent with synergyhypothesis. The amount of bidders? free cash flow is also found to be marginally but positively associatedwith shareholders return which is consistent with Myers and Majluf?s pecking order hypothesisbut unsupportive of Jensen?s free cash flow hypothesis."

"ABSTRAKArtikel ini membahas Kebijakan One Belt One Road OBOR yang dicanangkan oleh Xi Jinping pada tahun 2013, dengan berfokus pada peran kebijakan tersebut dalam mewujudkan Zhongguomeng. Kebijakan OBOR adalah proyek pembangunan infrastruktur baru dengan menggunakan konsep lsquo;Jalur Sutra Baru rsquo; yang mencakup aspek geopolitik dan geoekonomi untuk menghubungkan wilayah-wilayah Eurasia dengan Cina sebagai pusatnya. Penulis memulai penelitian dengan menginterpretasi latar belakang yang mendorong pemerintah Cina untuk menerapkan Kebijakan OBOR menggunakan pendekatan historis dan studi kualitatif, kemudian menganalisis sejauh mana kebijakan OBOR dapat berguna bagi Xi Jinping untuk mencapai target Zhongguomeng. Hasil penelitian menunjukkan Kebijakan OBOR memiliki peran sebagai alat untuk mewujudkan Zhongguomeng melalui pembangunan infrastruktur yang menunjang arus perdagangan industri, menyediakan wadah pemersatu Cina, serta hubungan kerja sama yang damai secara global.

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ABSTRACTThis article discusses the One Belt One Road OBOR Initiative launched by Xi Jinping in 2013, focusing on the role of the initiative in realizing Zhongguomeng. OBOR initiative is a new infrastructure development project that using the concept of 39;New Silk Road 39; which covering geo-political and geo-economic aspects to connect Eurasian regions with China as its center. The authors began the study by interpreting the background that prompted the Chinese government to implement the OBOR Initiative using historical approaches and qualitative studies, then analyzed the extent to which OBOR policy could be useful for Xi Jinping to achieve the Zhongguomeng rsquo;s targets. The results show that OBOR Initiative has a role as a tool for realizing Zhongguomeng through infrastructure development that supports industrial trade flows, provides an unifying container of China, and a global peaceful cooperation relationship."