Belt and Road Initiative: prerequisites for China’s modern foreign economic policy

The article deals with internal and external factors, which have an impact on Chinas foreign economic policy at the period of the new normal, highlights new priorities and directions for the modern foreign economic policy in China. The article attempts to summarize all the economic, political, envir...

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Main Authors: Irina N. Belova, Elena A. Egorycheva
Format: Article
Language:English
Published: Peoples’ Friendship University of Russia (RUDN University) 2020-12-01
Series:RUDN Journal of Economics
Subjects:
Online Access:http://journals.rudn.ru/economics/article/viewFile/24678/18662
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author Irina N. Belova
Elena A. Egorycheva
author_facet Irina N. Belova
Elena A. Egorycheva
author_sort Irina N. Belova
collection DOAJ
description The article deals with internal and external factors, which have an impact on Chinas foreign economic policy at the period of the new normal, highlights new priorities and directions for the modern foreign economic policy in China. The article attempts to summarize all the economic, political, environmental, and social challenges that the Chinese leadership currently faces at the domestic, regional, and global levels. Special attention is paid to the One Belt, One Road Initiative, which reflects and summarizes new directions of Chinas foreign economic policy in the context of slowing down the national economy development, excessive production capacity, the growing disparity in the development of Western and Eastern regions of China, the escalation of economic confrontation with the United States and further deepening cooperation with countries in the Asian region.
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spelling doaj.art-a4f2f6e691604c55bcd8a05c713ca3bb2022-12-22T00:28:18ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862020-12-0128362063210.22363/2313-2329-2020-28-3-620-63219340Belt and Road Initiative: prerequisites for China’s modern foreign economic policyIrina N. Belova0Elena A. Egorycheva1Peoples’ Friendship University of Russia (RUDN University)Peoples’ Friendship University of Russia (RUDN University)The article deals with internal and external factors, which have an impact on Chinas foreign economic policy at the period of the new normal, highlights new priorities and directions for the modern foreign economic policy in China. The article attempts to summarize all the economic, political, environmental, and social challenges that the Chinese leadership currently faces at the domestic, regional, and global levels. Special attention is paid to the One Belt, One Road Initiative, which reflects and summarizes new directions of Chinas foreign economic policy in the context of slowing down the national economy development, excessive production capacity, the growing disparity in the development of Western and Eastern regions of China, the escalation of economic confrontation with the United States and further deepening cooperation with countries in the Asian region.http://journals.rudn.ru/economics/article/viewFile/24678/18662one beltone road projectbelt and road initiative“new normal”china’s foreign economic policyinnovationtradeinvestment
spellingShingle Irina N. Belova
Elena A. Egorycheva
Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
RUDN Journal of Economics
one belt
one road project
belt and road initiative
“new normal”
china’s foreign economic policy
innovation
trade
investment
title Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
title_full Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
title_fullStr Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
title_full_unstemmed Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
title_short Belt and Road Initiative: prerequisites for China’s modern foreign economic policy
title_sort belt and road initiative prerequisites for china s modern foreign economic policy
topic one belt
one road project
belt and road initiative
“new normal”
china’s foreign economic policy
innovation
trade
investment
url http://journals.rudn.ru/economics/article/viewFile/24678/18662
work_keys_str_mv AT irinanbelova beltandroadinitiativeprerequisitesforchinasmodernforeigneconomicpolicy
AT elenaaegorycheva beltandroadinitiativeprerequisitesforchinasmodernforeigneconomicpolicy