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The Role of Chinese Financial Institutions in the Development of the Road Infrastructure of the «Belt and Road» Project
 
PIIS013128120012471-9-1
DOI10.31857/S013128120012471-9
Publication type Article
Status Published
Authors
Sergey Sazonov 
Occupation: Leading researcher
Affiliation: Institute of Far Eastern Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Jingwei Wang
Occupation: Ph.D. student
Affiliation: Institute of Far Eastern Studies of the Russian Academy of Sciences
Address: China
Journal nameProblemy Dalnego Vostoka
EditionIssue 5
Pages56-66
Abstract

In recent years, the issues of integration processes in the field of road transport development’s financing diversification, aimed at the unification of the road networks of the PRC and the countries, participating in the «belt and road» megaproject and creating the new contours of the Eurasian region, have become particularly relevant. The active participation of leading Chinese financial institutions, the creation of the Asian infrastructure investment Bank and various funds aimed at building road networks in neighboring countries allow China to develop the economy of the Western provinces, generate a multiplier effect in neighboring Chinese industries, and stimulate the growth of China's foreign trade. This, in turn, activates the economic development of the project's participating countries, contributes to strengthening of transport integration at the regional and sub-regional levels, and provides them with independent access to new world markets.

KeywordsChina, Western provinces, belt and road, Asian infrastructure investment Bank, bonds, investments, road transport, transit
Received30.10.2020
Publication date07.11.2020
Number of characters35572
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