Globalization transformation and one belt, one road initiative in the new situation From PWC

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The following is the Globalization transformation and one belt, one road initiative in the new situation From PWC recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, PWC, research report.

China is already one belt, one road, the largest trading partner of 25 participating countries, and has been the second largest import market in the world for 11 consecutive years. Its imports account for more than 10% of the total world imports and play an important role in Global trade. China’s China and the “one belt, one road” participating countries in 2019 increased their import and export value by 9 trillion and 270 billion yuan, an increase of 10.8%, which is 7.4% higher than that of China’s foreign trade. China has shown one belt, one road, trade in participating countries with a good momentum of development.

One belt, one road, one belt, one road, is a long way to follow. PWC has observed that the “one belt and one road” initiative is a key factor in promoting the transformation and development of Global trade and investment. The report holds that one belt, one road, the four pillar industries, infrastructure, transportation and logistics, financial services, telecommunications and technology, will promote cross-border electricity supplier development and carry out the global trade development.

The main insights of the report are as follows:

Infrastructure construction and investment

Infrastructure industry has the function of fully linking human capital, equipment, services and market, which can break various bottlenecks in economic development and promote economic growth. “Facilities Unicom” one of the priority areas one of the “one belt, one road” will be built. The core of the railway, highway, shipping, aviation, pipeline, and space integrated information network will be accelerated. The total investment of one belt, one road project in the first quarter of 2020 amounted to US $1 trillion and 880 billion. One belt, one road initiative one belt, one road, and other countries and regions that have been the focus of attention, have also formulated and promulgated relevant framework policies and plans, which provides a strategic docking for the implementation of the “one belt and one road” initiative.

In addition, one belt, one road initiative and international cooperation have been actively developed by the governments of many countries in the last 5 years. On this basis, one of the important trends one will further achieve is one belt, one road initiative, green infrastructure and digital infrastructure.

M & A of transportation and logistics

As a link connecting social production and consumption, transportation and logistics industry plays a key role in global economic development, mainly including aviation, shipping, land transportation and logistics. Among them, logistics and freight trade are the most active. One belt, one road, East Asia, Southeast Asia, Central Europe, Western Europe and South America, and other countries and regions, contributed a large share.

One belt, one road, China one belt, one road, is still focusing on the local market, and a few leading enterprises are following the strategy of the “one belt and one road” initiative to focus on the global market. Under the background of the new normal, the direction of digital and sustainable development will further promote enterprise innovation and increase investment in related fields.

Financial services industry

Since the “one belt, one road” initiative was put forward, China’s financial sector has firmly promoted and expanded its opening up to achieve international trade support and a virtuous circle with the real economy. The initiative has also greatly promoted cross-border e-commerce business between China and participating countries. As of January 2020, China has signed e-commerce cooperation memoranda with 22 participating countries and regions and established bilateral e-commerce cooperation mechanisms. As the foundation of cross-border e-commerce, cross-border payment will play a leading role with China as the center, continuously innovate and develop iteratively, and drive the construction of cross-border payment in various countries from multiple dimensions.

One belt, one road initiative, has been a foundation for consolidating China’s financial integration, the report also pointed out. Through deepening cooperation with one belt, one road, the stock exchange of China will help to enhance the financial support of the capital market to the enterprises in the radiation area. Our country also continuously promotes the innovation and interconnection of capital market capital at home and abroad. In the post epidemic era, the “one belt and one Road” will accelerate the formation of a regional financial system, and internationalization and digitalization of RMB. The application of financial integration will be an important basic tool to support regional economic integration.

Construction and operation of telecommunication and technology industry

China has one belt, one road initiative one belt, one road one belt, one road, the hitherto unknown development, the China Mobile, China Unicom and China Telecom actively carry out the “one belt and one way” initiative, and build a high-speed information transmission channel between the participating countries in the “one belt and one Road” area, in order to greatly enhance the transmission efficiency and enhance the communication business ability. One belt, one road, has been needed to enhance the product level and jointly fight epidemic in the country and region since the outbreak of the epidemic.

When the “one belt, one road” initiative was put forward, China attached great importance to the interconnection and interconnection of information infrastructure, including the establishment of information Silk Road and the road of information online. To fully exploit the Internet’s scale advantages and application advantages, to promote the expansion of the Internet from the consumer domain to the production area and to accelerate the upgrading of the industrial development level has become a new source of power for China’s economic growth and development. Therefore, the interconnection and interconnection of the IT infrastructure such as data center should be integrated into the overall planning, and China’s “Internet plus” strategy will be applied to the development of the new economic mode. Taking part in the “participating countries” to jointly build a wider “Internet plus” economy is the inevitable choice to achieve the goal of the initiative.

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