Can the BRI Deliver High-Quality Development? A Multi-Actor Analysis of China's Overseas Economic Zones

The Belt and Road Initiative (BRI) has evolved from its ambitious beginning into a framework focused on high-quality development (HQD), emphasizing environmental sustainability and people-centered development. This study examines to what extent these new directives are implemented in the context of China's overseas economic zones (OEZs), employing a multi-actor-influence model to analyze the complex interactions and challenges inherent in these projects. Focusing on the Vientiane Saysettha Development Zone (VSDZ) in Laos, our analysis identifies three primary institutional challenges: fragmentation between the central and local governments in China, structural constraints imposed on Chinese businesses, and inadequate cooperation between Chinese and host country actors. These challenges underscore the complexities of translating Beijing's top-down policy into effective action on the ground. The paper concludes with a discussion of the broader implications of these findings for the BRI's future development.