From "AIIB" to "the Belt and Road": the New Reform and Opening-up and "Top-down Design" under the Background of “New Normal” --- Based on the Gradient Theory and the Theory of Comparative

DOI

10.2991/icassr-15.2016.110How to use a DOI?

Keywords

AIIB, the Belt and Road, gradient transfer, comparative advantage, reform and opening-up.

Abstract

The purpose of this paper attempts to use the gradient theory and comparative advantage theory to analyze the AIIB and “the Belt and Road” strategy, to prove that these are the best strategic choice under the background of Chinese economic “new normal”. The paper performs a comparative analysis based on the Asia Infrastructure Investment Bank, World Bank, Asian Development Bank and New Development Bank(BRICs), and also on the traditional reform and opening-up, western China development, and the new reform and opening-up with “the Belt and Road”. In advancing the Belt and Road Initiative, China will fully leverage the comparative advantages of its various regions, adopt a proactive strategy of further opening-up, strengthen interaction and cooperation among the eastern, western and central regions, and comprehensively improve the openness of the Chinese economy. The findings could be helpful to understand the impact of AIIB and “the Belt and Road”. The paper emphasizes Chinese new gradient transfer and comparative advantages with AIIB, “the Belt and Road” and other strategies, which will help China to go through the “new normal” stably, across the middle income trap, become powerful and innovative, and develop in collaboration with other countries.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jie Gao
AU  - Yun-long Ding
PY  - 2016/08
DA  - 2016/08
TI  - From "AIIB" to "the Belt and Road": the New Reform and Opening-up and "Top-down Design" under the Background of “New Normal” --- Based on the Gradient Theory and the Theory of Comparative
BT  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 401
EP  - 404
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.110
DO  - 10.2991/icassr-15.2016.110
ID  - Gao2016/08
ER  -