诺贝尔经济学获奖者克里斯托弗.pdfVIP

“Belt and Road” and the development of the Beijing-Tianjin-Hebei region Christopher Pissarides London School of Economics and Hong Kong University of Science and Technology Linjun Group, Shihese May 2017 The Belt and Road Initiative • Two general ideas, development of the old silk route to Europe via central Asia (the “Belt”) and a new “Maritime Road” via South China Sea, Indian Ocean, Red Sea to the Mediterranean (the “Road”) • Its big: the main policy initiative of President Xi Jinping, promoting economic, cultural and political ties in 60+ countries • In recent Forum (May 2017) President Xi put more emphasis and pledged more money in this initiative 2 One Belt One Road map, 2013 3 Purpose • Economic cooperation with countries on the routes: infrastructure investments by China, trade agreements to follow • Reduce trade costs to Europe • Closer cultural ties: more tourism, more student exchanges • Cooperation on environmental and climate matters 4 Timeline: progress so far? • Launched in 2013. So far 150bn USD ring-fenced and the new Asia Infrastructure Investment Bank (capital USD 100bn, to lend up to 250bn) will give it priority. Expected total investment approximately 1tr USD. • Began by bringing in to the plan various independent initiatives, such as, infrastructure projects that had already started, the Pakistan port and rail development, the Indonesia-Philippines-Myanmar cooperation agreement, ASEAN free trade area, some investments i