Development Status, Challenges, and Countermeasures in the 'Smooth Trade' Mode of China's Belt and Road Initiative

Jia Du

doi:10.62051/zwhn0m49

Authors

Jia Du

DOI:

https://doi.org/10.62051/zwhn0m49

Keywords:

One Belt and One Road; smooth trade; Finance.

Abstract

The "the Belt and Road" is a bridge and link connecting economic and trade exchanges between Asia, Africa and Europe. It concerns billions of people around the world. It is also one of the largest comprehensive development planning projects in the big world. In 2013, the General Secretary put forth the vision of collaboratively building the “Belt and Road” Initiative. Over the ensuing 11 years, this concept has transitioned from being a mere idea to being actively implemented, evolving from broad strokes into intricate details. It grounded in the principles of joint consultation, contribution, and shared benefits, has forged friendly cooperation with numerous nations. This paper delves into the current developmental progress of the “unimpeded trade,” “financial connectivity,” aspects within this Initiative. By examining their practical applications in exemplary collaboration cases, we seek to identify underlying challenges and offer well-considered strategies, thereby laying a theoretical foundation for future cooperative endeavors.

Downloads

Download data is not yet available.

References

[1] L. Cui, M. Song, Economic evaluation of the Belt and Road Initiative from an unimpeded trade perspective, Int. J. Logist. Res. Appl. 22 (2019) 25-46.

[2] Z. Yu, J. Yu, Can policy coordination facilitate unimpeded trade? An empirical study on factors influencing smooth trade along the Belt and Road, Appl. Mathem. Nonl. Sci. 8 (2023) 447-456.

[3] B. Hu, Y. Jin, K. Wang, How free trade agreement affects the success of China's Belt and Road infrastructure projects, Int. Stud. Econ. 17 (2022) 484-498.

[4] R. Zeng, The Future of the Global Trading System Taking Trade Protectionism, Global Political and Economic Forces into Account, J. Glob. Econ. Bus. Fin. 4 (2022) 13-17.

[5] H.C. Qu, K.D. Guo, C. Wang, Sustainable development along the Belt and Road, China Popul. Res. Envir. 32 (2022) 175-184.

[6] J. Xu, C.Y. Liu, J.Y. Liu, Study on the Trade Linkage Effect between China and “One Belt, One Road” Countries from the Perspective of Interconnection, in: Proceedings of the Emerging Economies Forum 2022, Guangzhou, 2022, pp. 455-475.

[7] M. Gao, C. Jin, W. Jin, B. Sheng, L. Xu, The trade and welfare effects of the belt and road initiative, Rev. Int. Econ. 32 (2024) 446-479.

[8] X. Dong, Research on Performance Appraisal of Customer Service Personnel in Tourism Companies Based on Entropy Method, Acad. J. Bus. Manag. 5 (2023) 175-180.

[9] H. Tang, Research on Investment Protection Mechanisms within the International Legal Framework of the Belt and Road Initiative, Science of Law Journal 3 (2024) 147-151.

[10] S. Lu, N. Chen, W. Zhou, S. Li, Impact of the belt and road initiative on trade status and FDI attraction: A local and global network perspective, Int. Rev. Econ. Fina. 89 (2024) 1468-1495.

[11] K. Czerewacz-Filipowicz, Will COVID-19 bury dreams of some overland routes of the Chinese Belt and Road Initiative? Asia Pac. Bus. Rev. 30 (2024) 322-349.