Has the Belt and Road Initiative improved the quality of economic growth in China's cities?

Author(s):  
Qunxi Kong ◽  
Afei Chen ◽  
Dan Peng ◽  
Zoey Wong
2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.


2020 ◽  
Vol 2 (2) ◽  
pp. 23-45
Author(s):  
Jin-Hui Li ◽  
Chol-Ju An ◽  
Gwang-Nam Rim

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.


2021 ◽  
Vol 4 (3) ◽  
pp. 57-62
Author(s):  
Yiling Ding

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article focuses on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.


2020 ◽  
pp. 140-147
Author(s):  
Zhang Lianfeng ◽  
◽  
Yurii Danko ◽  
Chen Zhuanqing ◽  
◽  
...  

The development of the tourism industry and the development of the country's economy as a whole complement each other, because an increase in the tourist attractiveness of the region and the number of tourists contribute to the development of the corresponding infrastructure - hotels, catering establishments, transport, roads. In addition, related sectors of agriculture and industry receive additional incentives for development. Along with the agriculture, tourism in Ukraine can become an engine of economic growth, because the country is quite interesting for both travelers and foreign investors. The purpose of this study is to assess the state of tourism development in Ukraine and substantiate the need for broader international cooperation in this area based on the use of the capabilities of the Belt and Road Initiative, formerly known as One Belt One Road. To confirm the hypothesis of the research, the authors use the provisions of the international cooperation theory, which is based on three questions: 1) what is the purpose of international cooperation? 2) What are the ways of international cooperation? 3) What is the value of international cooperation? The answers to these questions allowed the authors to substantiate the vision of the successful development of the tourism industry in Ukraine, taking into account its strengths and weaknesses. The priority steps for reforming the tourism industry in Ukraine have been identified. These steps involve state support, improvement and expansion of the range of tourist services, the introduction of modern technologies, and the adoption of the best practices of other countries. Tourism can become an effective tool for the dissemination of Ukrainian culture, economic growth in the country. Tourism will give an opportunity to represent Ukraine to the world, increasing the interest of foreign investors and encourage cooperation in international projects such as Belt and Road Initiative.


2021 ◽  
Vol 275 ◽  
pp. 03020
Author(s):  
Ruolin Guo ◽  
Hongkai Zhao ◽  
Yingchu Zhang

The article regards “The Belt and Road” initiative as a quasi-natural experiment. Based on the county panel data from 1999 to 2017, difference-in-differences model (DID) is used to examine the impact of the “The Belt and Road” initiative on regional economic growth and economic innovation. The study found that the “The Belt and Road” initiative can significantly increase the economic growth and innovation of the region. Through the placebo test and the robustness test, it shows good policy uniqueness characteristics. The article further analyzes the heterogeneity of the initiative. The study found that the initiative has more obvious economic growth and innovation in the central region.


2019 ◽  
Vol 22 (1) ◽  
pp. 8-14
Author(s):  
Siu-kai Lau

Purpose The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Strategy is an important component of the “Belt and Road Initiative” of China. The purpose of this Project is to develop the GBA into the most open, market-oriented and innovative pole of economic growth in China. The GBA Project provides Hong Kong with a rare opportunity to diversify its industrial structure and to move into a new and higher stage of economic development. Design/methodology/approach Being an integral part of the GBA, Hong Kong is expected and supported by the Central Government to develop into a hub of the Area, and, leveraging on Hong Kong’s status as an international metropolis, to connect the Area as a whole with the world. Findings China’s Guangdong-Hong Kong-Macao Greater Bay Area Project is a major national development strategy and is a major part of the Belt and Road Initiative. Hong Kong is going to play an important role in the Project and will benefit from it enormously in the future in terms of economic growth and the upgrading of its industrial structure. However, in order to take full advantage of participation in the Project, the way Hong Kong is governed, particularly the government's role in economic development, has to be modified significantly. Originality/value In order to take advantage of the Project, the Hong Kong SAR Government has to play a bigger and more proactive role in Hong Kong’s socioeconomic development and to strengthen its capacity to mobilize societal participation in the Project.


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