Glinkina Svetlana P.

In this article, traditional and new tools are being considered, which are increasingly used by China to promote a large-scale integration initiative, Belts and Paths. The authors believe that the internal problems of China's economic development played a significant role in the development of this project. The most important of them for today is the problem of overproduction, manifested as a result of a slowdown in economic growth, and the accumulation share that has been excessively high for decades, leading to overheating of the economy, the emergence of surplus production capacities. The authors consider three possible ways of solving the problem that arose in the Chinese leadership: the closure of enterprises, the transfer of some problems to the state (for example, the unification of unprofitable enterprises into the group), and the development of cooperation with various international partners in the search for new markets. Particular attention is paid to the tools that China successfully tests in the countries of post-Soviet Central Asia to strengthen its positions in the region.

The modern tendencies of development of economy of Vietnam are considered in the article. The special attention is paid to the foreign economic line. The increased presence of transnational corporations and increased foreign investment are noted. Contrary to the prevailing before assumptions on the unconditional empowerment of the country as the recipient of foreign direct investment, the authors, following the development of the empirical research in recent years, believe that the situation with foreign investment does not only bring a country-recipient some benefit and development but also threatens with certain long-term negative effects. The situation with the influx to Vietnam of direct and portfolio investment is analyzed by the authors. There is an active support of foreign investment by the state; that has led to record investments into the economy of the country. The prospects of the national program of privatization of state-owned enterprises and IPO of large companies are considered. The Vietnamese leadership intends to use these tools to solve the problems of budget deficit and high public debt. The article also reveals the role of transnational corporations in the GDP formation and export of Vietnam. Due to its geographical position and support of the state in investment activities, Acknowledgment: The article has been prepared with the financial support of the Russian State Russian Federation.