China’s experience of infrastructure megaprojects in Eurasia and Africa: Successes and contradictions

Abstract

The research relevance is determined by the unprecedented scale of Chinese infrastructure initiatives, their potential impact on regional development and the geopolitical balance of power, as well as the controversial nature of their socio-economic and environmental consequences in the context of current global transformations. The study aims to provide a critical analysis of the successes and contradictions of Chinaʼs infrastructure initiatives. Synthesis, comparative analysis, critical analysis, modelling, structural-functional and systematisation methods were used in the study. The results of the study demonstrate the significant potential of Chinese infrastructure megaprojects to stimulate economic growth, and infrastructure development and deepen regional integration in Eurasia and Africa. However, despite the declared benefits, these initiatives are characterised by several contradictions and challenges. Large-scale Chinese investments carry risks of debt dependence for recipient countries, as they are often provided on non-transparent and unfavourable terms. In addition, the implementation of megaprojects is accompanied by high corruption risks, a lack of proper accountability mechanisms, and limited involvement of local resources and companies. This minimises potential economic benefits for the countries involved and hinders technology transfer and local capacity development. Chinese infrastructure projects are also often associated with negative social and environmental impacts, such as forced resettlement of communities, ecosystem degradation, and pollution. To overcome these contradictions, recommendations have been developed to introduce mechanisms for transparency, accountability, active involvement of local companies and ensuring a fair distribution of economic benefits among all stakeholders. The practical significance of the study lies in the development of recommendations for optimising Chinese infrastructure megaprojects, given the interests of the participating countries, which can be used to improve cooperation strategies with China and ensure the sustainability, mutual benefit and inclusiveness of these initiatives