The Belt and Road Initiative Under the New Era

DOI

10.2991/aebmr.k.200708.055How to use a DOI?

Keywords

new normal, the Belt and Road Initiative, the opening strategy

Abstract

The opening strategy of a country should be adapted to the stage of its economic development. Since the reform and opening-up in 1978, the economy of China has entered a new stage of development-the new normal. The new normal not only means that the strategy of domestic economic development in China turns to supply-side structural reform, at the same time, the new normal is also the logical starting point for China’s new opening up strategy- the Belt and Road Initiative. Belt and Road Initiative means that China will look for its own peripheral countries through Belt and Road Initiative. For the peripheral countries of China, China should no longer pursue export and trade surplus, but should promote large imports and trade deficit with RMB. For this reason, Belt and Road Initiative must also go out with the internationalization of RMB and foreign direct investment in RMB.

Copyright

© 2020, 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  - Li Ma
AU  - Gang Gong
PY  - 2020
DA  - 2020/07/09
TI  - The Belt and Road Initiative Under the New Era
BT  - Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
PB  - Atlantis Press
SP  - 288
EP  - 292
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200708.055
DO  - 10.2991/aebmr.k.200708.055
ID  - Ma2020
ER  -