Published online by Cambridge University Press: 17 August 2021
This chapter offers an evolutionary landscape of substantive standards in Chinese BITs by reference to the China–ASEAN investment framework agreement. Both comparative study and a textual approach are adopted. The reason for referring to the China–ASEAN investment framework agreement is that this is the very first regional investment agreement that China has signed in the new millennium. Given deglobalization and antimultilateralism, regionalism is of particular significance in times of crisis. The second reason is to investigate the liberty level of substantive standards of Chinese BITs in the South–South context, instead of the South–North context.