China’s “One Belt, One Road” Initiative to Revitalize Emerging Markets

Of the 65 countries along the route of China’s “One Belt, One Road” Initiative, 12 are defined as emerging markets. Except for India and China, most have seen a slowdown in economic growth. However, the foundation for an economic rebound is being laid through the “One Belt, One Road” Initiative, through which China has accomplished the following:

1)    Funded infrastructure construction projects to attract foreign investment;

2)    Integrated available resources in each of the “One Belt, One Road” countries and thus secured a more advanced level of industrialization;

3)    Streamlined customs clearance and enhanced trade and logistics connectivity with these countries;

4)    Increased cross-border payment conveniences to revitalize local consumer markets;

5)    Promoted the internalization of the Renminbi and cross-border financial cooperation;

6)    Set up the AIIB, Silk Road Fund and the China-Eurasia Economic Cooperation Fund to provide funding to these countries.

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