Economic Impacts and Measures of One Belt and One Road Strategy
The One Belt and One Road strategy, spearheaded by China, aims to boost global economic growth through infrastructure development and collaboration. By promoting historical inheritance, major power responsibility, and cooperation, China seeks to enhance trade, connectivity, and sustainable development across the Silk Road region. This strategy recognizes the evolving role of emerging economies and emphasizes the importance of inclusive growth and market-driven initiatives.
Uploaded on Oct 06, 2024 | 0 Views
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Connotations, Economic Impacts and Key Measures of One Belt and One Road Strategy Head of Research Department of Foreign Economic Relations Zhao Jinping
Contents Connotations of "One Belt and One Road" Strategy 3 1 Overlook on Economic Impacts of "One Belt and One Road" Strategy 2 Framework and Measures for Promoting "One Belt and One Road" Strategy 3 3 DRC Research Department of Foreign Economic Relations
China has become a great power in the world GDP of emerging economies in GDP % GDP % the world s total (%) GDP of developed economies in the world s total (%) 12 12 8 8 4 4 0 0 GDP % GDP % 0 0 10 10 20 20 30 30 1.7 1.7 China China 12.3 12.3 27.5 27.5 US US 2.3 2.3 3 3 22.4 22.4 Brazil Brazil 10.5 10.5 1.7 1.7 2.5 2.5 JPN JPN India India 6.5 6.5 0 0 Russia Russia 6.9 6.9 2.8 2.8 GER GER 4.9 4.9 0.6 0.6 1.7 1.7 ROK ROK 5.4 5.4 FR FR 1991 1991 1991 1991 3.7 3.7 0.8 0.8 1.1 1.1 Indonesia Indonesia South South Africa Africa Malaysia Malaysia 2013 2013 2013 2013 4.6 4.6 3.4 3.4 UK UK 0.8 0.8 0.6 0.6 3.7 3.7 2.8 2.8 0.2 0.2 0.4 0.4 ITY ITY 0 0 Vietnam Vietnam 0.2 0.2 DRC Research Department of Foreign Economic Relations
China issued the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road Historical inheritance, major power responsibility, opening-up and inclusion, cooperation and win-win, external and internal cultivation, marine and land coordination, east and west orientations, economy and trade first, facility interconnection, role of market -- Connotations of One Belt and One Road
The Silk Road region has playing an increasingly important role in the global economy Population % of the world's % of the world's total total 100 100 Agriculture 80 80 61 61 GDP GDP 60 60 51.2 51.2 40 40 20 20 28.5 28.5 Net foreign capital inflow 0 0 Industry 31.7 31.7 40.8 40.8 31.8 31.8 36 36 Imports Outports
Contents Connotations of "One Belt and One Road" Strategy 1 Overlook on Economic Impacts of "One Belt and One Road" Strategy 3 2 Framework and Measures for Promoting "One Belt and One Road" Strategy 3 3 DRC Research Department of Foreign Economic Relations
The economic development of the Silk Road region has made more obvious contributions to the global growth Contribution of Silk Road to global growth rate Contribution of Silk Road to global growth rate Annual average economic growth rate (%) Annual average economic growth rate (%) (%) (%) World Silk road Silk road region China Silk road, 5.1 China, 17 1990 2013 1990 2013 1990 2013 1990 2013 Silk road region, 33.7 World, 2.7 Silk road, 4.7 China, 26.2 2010 2013 2010 2013 2010 2013 2010 2013 Silk road region, 41.3 World, 2.4 Silk road, 6.7 China, 20.7 2000 2010 2000 2010 2000 2010 2000 2010 Silk road region, 44.3 World, 2.6 Silk road, 3.7 China, 9 1990 2000 1990 2000 1990 2000 1990 2000 Silk road region, 17.8 World, 2.8 0 2 4 6 8 10 0 10 20 30 40 50 DRC Research Department of Foreign Economic Relations
The economic growth of the Silk Road region is highly dependent on cross-border trade and investment growth Dependence on net foreign capital inflow (%) Dependence on net foreign capital inflow (%) World Dependence on trade (%) Dependence on trade (%) Silk road World Silk road Silk road, 6.3 Silk road, 34.5 2013 2013 2012 2012 World, 4.41 World, 25.3 Silk road, 6.04 Silk road, 35.6 2012 2012 World, 4.23 2011 2011 World, 25.8 Silk road, 7.07 2011 2011 Silk road, 33.9 World, 5.16 2010 2010 World, 23.9 Silk road, 6.96 2010 2010 World, 4.71 Silk road, 32.6 2000 2000 Silk road, 4.7 World, 19.7 2000 2000 World, 7.96 Silk road, 17.5 Silk road, 1.48 1990 1990 World, 15.7 1990 1990 World, 1.75 0 10 20 30 40 0 2 4 6 8 10 DRC Research Department of Foreign Economic Relations
Silk Road region is one of the regions enjoying the fastest growth in global trade and cross-border investment Annual average growth rate of net foreign capital inflow Annual average growth rate of net foreign capital inflow Annual average growth rate of foreign trade (%) Annual average growth rate of foreign trade (%) World (%) (%) Silk road World Silk road Silk road, 13.1 Silk road, 16.5 1990 2012 1990 2012 1990 2013 1990 2013 World, 7.8 World, 9.7 Silk road, 13.9 Silk road, 6.2 2010 2012 2010 2012 2010 2013 2010 2013 World, 9.3 World, 2.8 Silk road, 14.8 Silk road, 18.9 2000 2010 2000 2010 2000 2010 2000 2010 World, 9 World, 1.5 Silk road, 11.3 Silk road, 17.4 1990 2000 1990 2000 1990 2000 1990 2000 World, 6.4 World, 21 0 5 10 15 20 25 0 5 10 15 20 25 DRC Research Department of Foreign Economic Relations
Regions along One Belt and One Road boast huge development space Average per capita GDP of the groups (USD) Average per capita GDP of the groups (USD) Groups by per capita GDP in 2013 (%) Above USD 20,000 Below USD10,000 USD10,000-20,000 10500 10500 World average 10.4 10.4 20.2 Average of Silk Road region GDP 69.4 5050 5050 Below USD10,000 3862 3862 USD10,000- 20,000 13178 13178 7.7 Population 90.8 Above USD20,000 35470 35470 1.5 1.5 0% 20% 40% 60% 80% 100% 0 5000 10000 15000 20000 25000 30000 35000 40000 DRC Research Department of Foreign Economic Relations
Countries along the Silk Road are important trade and investment partners of China Annual average growth rate of China s trade with and investment in Silk Road region in recent 10 years(%) Proportion in China s total in 2013 % 50 50 46 50 40 40 30 30 25 19 20 20 16 10 10 0 0 Trade Trade Investment Investment Project Project contracting contracting Trade Trade Investment Investment
Industries benefiting most from One Belt and One Road Initiative Industries related to infrastructure construction Industries related to resources and energy Equipment manufacturing Service industries such as financial and telecommunications industries Industries obtaining benefit Transportation industry
Factors restricting trade and investment cooperation of One Belt and One Road Slow progress in regional economic integration Low proportion of trade investment in the region Many obstacles for trade and investment relations Lagging infrastructure construction Difficulties and obstacles Interruption and adverse impacts of non-economic factors
Contents Connotations of "One Belt and One Road" Strategy 3 1 Overlook on Economic Impacts of "One Belt and One Road" Strategy 2 Framework and Measures for Promoting "One Belt and One Road" Strategy 3 3 DRC Research Department of Foreign Economic Relations
Three opportunities for China in One Belt and One Road Initiative Expand foreign trade Three opportunities Promote interconnecti on with neighboring regions Accelerate going global of enterprises
1 New impetus for sustainable economic growth Booster for structural adjustment 2 Five major impacts on Chinese economy Security support for energy and resources 3 Important platform for culturing China s multinationals 4 Bridge between mutually beneficial regional cooperation network 5 Research Department of Foreign Economic Relations, DRC of the State Council Zhao Jinping
Reform in administration policy for going global is extremely urgent Liberali zation Deepen opening-up, raise trade liberalization Market- based Give play to adjustment role of market, reduce administrative intervention More convenient Create a convenient environment for enterprises to conduct cross-border trade DRC Research Department of Foreign Economic Relations
Key measures to promote One Belt and One Road Initiative Accelerate relevant free trade arrangements Make an overall plan and reasonable layout Key measures Prepare to establish regional policy financial institutions Select large projects to promote infrastructure interconnection DRC Research Department of Foreign Economic Relations
Focuses of domestic section Build a new model for coordinated development of East, Middle and West China Construct an international corridor connecting East, South, West and North China Development focuses of domestic section of One Belt and One Road Establish a new platform for trade and investment cooperation and opening-up Boost adjustment of domestic industrial layout DRC Research Department of Foreign Economic Relations
Construct an international corridor connecting East, Middle and West China Pilot Cross-border Development and Opening-up Zone (border opening-up platform) China (Tianjin) Pilot Free Trade Zone China (Inland City) Pilot Free Trade Zone (estimated) China (Shanghai) Pilot Free Trade Zone China (Fujian) Pilot Free Trade Zone China (Guangdong) Pilot Free Trade Zone China (Xinjiang) Pilot Asia- Europe Cooperation Zone (recommended) Hainan International Tourism Island 22
