Stakeholders
Ministries, regulators, and other bodies of the Chinese Government oversee various aspects of BRI projects. The National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) are central to coordinating the implementation of the BRI. The national offices of both MOFCOM and NDRC must approve projects proposed by central state-owned enterprises (CSOEs). Local state-owned enterprises (SOEs) only require approval from the relevant provincial office of the Development and Reform Commission (DRC) as well as the local commerce department. Companies not owned by the state must register overseas investments with the relevant commerce departments.
Possible Roles and Responsibilities of the Chinese Government:
- Screen, categorize, and approve financiers, developers, contractors, and subcontractors, as well as their proposed BRI projects.
- Register and monitor the overseas activities of Chinese financiers, developers, contractors, and subcontractors.
- Develop regulations and guidelines to promote high-quality development by developers, contractors, and subcontractors throughout the life cycle of each project.
- Establish and maintain a database of proposed and ongoing BRI projects.
- Establish and maintain a grievance mechanism for specific aspects of BRI projects, such as environmental protection.