Research On The Political Risk Factors Of China's High-speed Railway Going To The Southeast Asian Market

With the introduction of “the Belt and Road” Initiative,the continuous development of China 's railway “going global” strategy,and the state's continuous support for the development,China 's high-speed rail is facing valuable development opportunities.At present,China has signed letters of intent for high-speed rail cooperation with more than 30 countries.But unlike the rapid development of railway,political risks in the international market have caused catastrophic losses to the construction of rail.Unfortunately,the political risks faced by China's high-speed rail development have not attracted enough attention,and many Chinese rail contractors have ignored political risks when expanding overseas.Therefore it is necessary to conduct in-depth research on the political risks of China's rail “going global” strategy.The Southeast Asian market is an important part of “the Belt and Road” Initiative and a necessary place for China 's highspeed rail to “go global”.In recent years,Southeast Asia 's economy has developed rapidly but is always subject to backward transportation infrastructure.Therefore,it is necessary to conduct in-depth exploration and research on the political risks of China 's rail going to the Southeast Asian market,so that China 's rail can better enter the Southeast Asian market and even better enter the international market on the premise of avoiding political risks and dedication to construction.First,this paper summarizes and analyses the relevant theories of China's railway industry "going global" and political risks,and studies the political risk factors of the railway industry "going global" in the Southeast Asian market on the basis of existing theories.This paper analyzes the development status of the Chinese railway in the Southeast Asian market,combined with the cases of the Jakarta-Bandung high speed railway,Malaysia's East Coast High Speed Rail and the China-Thailand Railway.Based on the above analysis and combined with expert interviews,a list of 24 factors affecting the political risks of Chinese railways “going global” in the Southeast Asian market has been formed.Second,this paper conducts a targeted survey of 24 key factors influencing the political risks of China's railway to the Southeast Asian market through questionnaires,and uses SPSS23.0 software for data processing statistics and obtains the weighting map of the key influencing factors of the political risks of Chinese railways “going global” in the Southeast Asian market by comparing the weights of the 24 key influencing factors with the principal component factor analysis method.Finally,according to the weight of the key influencing factors of political risks,the countermeasures and suggestions for political risks are put forward from government macro level and enterprise micro level.At the government level,one should mainly focus on improving laws,regulations and policy systems,use the advantages of the Internet to build a political risk assessment and early warning platform and strengthen international exchanges and cooperation.At the same time,companies should establish internal political risk management and control system,improve political risk management and strengthen the communication and publicity work of all parties.