Volume 29, Issue 4, 2020
DOI: 10.24205/03276716.2020.860
"One belt, one road†investment efficiency, global expansion of China's economy
Abstract
"One belt, one road" spanning look at fiercely as a tiger does not involve 66 countries or 4 billion 400 million people. The scale of infrastructure is considerable. It needs to invest about 1 trillion dollars a year, plus the total trade volume of the total trade is at least 1-2 billion. It is also an incentive for the Asian infrastructure investment bank (hereinafter referred to as the AIIB) to attract participation from more than 50 countries first. The Belt and Road Initiative has entered a stage of pragmatic cooperation since 2018. Now the mainland of China is building a "one belt and one way" economic sharing economic zone with the relevant countries in the initiative of President Xi Jinping's initiative to take the "one belt" policy. It is bound to face how to integrate and exchange relations with major powers. The mainland proposed the one belt, one road strategy, which implied that the diplomatic policy of "keeping a hidden peace" in the past has been turning to "make a difference". In the future, we should focus on Asian countries, take the lead in realizing Asian connectivity, and build a basic framework for Asian connectivity based on economic corridors. One belt, one road breakthrough, will be the early harvest of Asian interconnection. The bottleneck of Asian interconnection will be broken down with the construction of financing platform. This study will analyze the opportunities and challenges of the "one belt and one way" policy to China's economic expansion, and analyze its possible impact and challenges to the future global economic development.
Keywords
Asian Infrastructure Investment Bank, The Belt and Road Initiative, China, China's economic map, investment risk