The Short and Long-term Consequences of Belt and Road Initiative for China

Siyue Cheng ()
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Siyue Cheng: Cambridge International School

A chapter in Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), 2023, pp 352-358 from Springer

Abstract: Abstract Since the publication of the strategy of One Belt and One Road, China has developed rapidly in terms of trade, which has not only promoted the cooperation among countries, but also improved the economic level of underdeveloped domestic areas. The problem of overcapacity is also slowly improving. What is more important is to internationalize the RMB and move towards the goal of the RMB becoming a universal currency.

Keywords: Trade; Overcapacity; Foreign exchange reserve; Internationalize RMB (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-098-5_41

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DOI: 10.2991/978-94-6463-098-5_41

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