Research on the Development Path of International Economy and Trade Driven by "The Belt and Road Initiative"

Authors

  • Yuanlong Gao

DOI:

https://doi.org/10.54097/hbem.v19i.11876

Keywords:

Abstract

In recent years, great changes have taken place in the domestic and international environment facing China's opening up to the outside world, making China face new pressures and tests in the future to promote opening up. The development environment faced by China in implementing the "the belt and road initiative" initiative is extremely complicated, and optimizing its development environment is definitely beyond the ability of enterprises and individuals. In the development initiative of "the belt and road initiative", China will establish long-term friendly relations with its neighbors along the Maritime Silk Road and the Land Silk Road, which can promote the stable development of trade in the long run. Rationalize the process of transnational commodity trade and capital flow, and coordinate and analyze possible special negative situations. When implementing investment plans, enterprises should always bear in mind their social responsibilities, pay attention to adapting to local laws, regulations, and customs, and strengthen communication with the local people. In addition, it is necessary to strengthen the investment risk awareness of enterprises, guide the establishment of risk monitoring and management departments for enterprises engaged in foreign direct investment, and require industry associations to play their due role in risk control, and ensure information exchange and sharing among enterprises. The new trends in the development of the international economy and trade industry can keep the strategic planning at the national level forward-looking, promote international multilateral cooperation, break the barriers of trade barriers, and promote trade cooperation between friendly countries and international economic development.

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Published

02-11-2023

How to Cite

Gao, Y. (2023). Research on the Development Path of International Economy and Trade Driven by "The Belt and Road Initiative". Highlights in Business, Economics and Management, 19, 195-199. https://doi.org/10.54097/hbem.v19i.11876