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

DOI

10.2991/978-94-6463-098-5_41How to use a DOI?

Keywords

Trade; Overcapacity; Foreign exchange reserve; Internationalize RMB

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.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Siyue Cheng
PY  - 2022
DA  - 2022/12/27
TI  - The Short and Long-term Consequences of Belt and Road Initiative for China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 352
EP  - 358
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_41
DO  - 10.2991/978-94-6463-098-5_41
ID  - Cheng2022
ER  -