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.