Background and Strategic Significance of the “Belt and Road Initiative” of China

Zhu Ruixue^1, , Liu Xiuling¹ and Cai Li¹

¹School of International Business, Dalian Minzu University, Dalian, China

Cite this paper:
Zhu Ruixue, Liu Xiuling and Cai Li. Background and Strategic Significance of the “Belt and Road Initiative” of China. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2016; 4(3):49-53. doi: 10.12691/jbe-4-3-2

Abstract

Chinese President Xi Jinping raised the initiative of jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road in 2013 (hereinafter referred to as the Belt and Road). The paper aims to analyze the background and the significance of China’s “Belt and Road Initiative”. And it finds out that the “Belt and Road Initiative” has profound international and domestic background and it has strategic significance to China’s geopolitical and economic security, energy security, RMB internationalization, economic transformation and upgrading, etc.

Keywords:
belt and road initiative background strategic significance

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