Journal Home Online First Current Issue Archive For Authors Journal Information 中文版

Strategic Study of CAE >> 2019, Volume 21, Issue 4 doi: 10.15302/J-SSCAE-2019.04.002

Opportunities and Challenges for International Cooperation of China’s Manufacturing Industry under the Belt and Road Initiative

1. Zhejiang University, Hangzhou 310058, China;

2. Hong Kong Polytechnic University, Hong Kong 999077, China;

3. Shanghai Jiao Tong University, Shanghai 200240, China;

4. Zhejiang University, Hangzhou 310007, China;

5. Chinese Mechanical Engineering Society, Beijing 100048, China

Funding project:中国工程院咨询项目“工程科技支撑‘一带一路’建设战略研究”(2017-ZD-15) Received: 2019-06-17 Revised: 2019-06-25

Next Previous

Abstract

 Manufacturing industry is the basis of national economy and the foundation for developing or reviving the industries of the Belt and Road countries. The Belt and Road initiative can create opportunities and challenges for high-quality development of China’s manufacturing industry. Integrating the development of manufacturing industry and the Belt and Road initiative is an important measure for realizing the “Three Transformations” proposed by Xi Jinping, implementing the innovation-driven development strategy, and accelerating economic transformation and upgrading. This study analyzed the opportunities and challenges of international collaboration in terms of policy, infrastructure, trade, capital, and people-to-people exchanges. Finally, the prospects for developing China’s manufacturing industry along the Belt and Road were proposed.

References

[ 1 ] Chen G L. The Belt and Road: Exploring new model of global governance [J]. 21th Century Business Review, 2016 (1): 90–91. Chinese. link1

[ 2 ] The State Council of the PRC. China Manufacturing 2025 [R]. Beijing: The State Council of the PRC, 2015. Chinese.

[ 3 ] State Information Center, the Belt and Road Big Data Center. Big data report of the Belt and Road 2018 [M]. Beijing: The Commercial Press, 2018. Chinese.

[ 4 ] National Reforming and Development Commission’s answer to reporters’ request on promoting high-quality development [J]. Chinese Industry & Economy, 2019 (3): 18–27. Chinese. link1

[ 5 ] Xi J P. Working together to create a better future of the Belt and Road—The keynote speech at the opening ceremony of the 2nd Belt and Road forum for international cooperation [M]. Beijing: People’s Publishing House, 2019. Chinese.

[ 6 ] Shi Y, Xue P. Research on overseas M&A trends and reasons of Chinese manufacturing industry [J]. Foreign Economic Relations & Trade, 2018 (6): 61–65, 97. Chinese. link1

[ 7 ] Zhang H M. The Belt and Road boosts globalization of the equipment manufacturing industry [N]. China Economic Times, 2015-10- 29(A05). Chinese. link1

[ 8 ] Thomson Reuters, Chinese Academy of Social Sciences, Tsinghua University Institute for Data Science. The Belt and Road crossborder M&A research report [R]. Beijing: Thomson Reuters, Chinese Academy of Social Sciences, Tsinghua University Institute for Data Science, 2017. Chinese.

[ 9 ] Analysis of the impact of the Belt and Road on China’s high-endequipment manufacturing industry [J]. New Silk Road Horizon, 2017 (8): 44–45. Chinese. link1

[10] Su R H. The case study on Zoomlion acquiring CIFA of Italy [D]. Chengdu: Southwestern University of Finance and Economics (Master’s thesis), 2011. Chinese. link1

[11] Qiao S Z. The development path of high-end equipment manufacturing against the backdrop of the Belt and Road [J]. Macroeconomic Management, 2016 (7): 68–70, 74. Chinese. link1

[12] General Office of the State Council of the PRC. Guiding opinions of the General Office of the State Council on vigorously advancing the innovation on and application of supply chains [R]. Beijing: General Office of the State Council of the PRC, 2017. Chinese.

[13] Wang Y, Qian S Y. The status of the Belt and Road initiative [J]. Financial Market Research, 2017 (6): 12–21. Chinese. link1

[14] Wei H K, Wang S J. Phenomenon analysis and theoretical reflection of China’s “over de-industrialization” [J], China Industrial Economics, 2019 (1): 5–22. Chinese. link1

[15] Ernst & Young Global Limited. An analysis of the Belt and Road impact on Chinese high-end equipment manufacturing industry [R]. Beijing: Ernst & Young Global Limited, 2007. Chinese.

[16] Zhang Y P. The Belt and Road and the construction of new China dominated global value chain [J]. Forum of World Economics & Politics, 2017 (6): 39–53. Chinese. link1

[17] Zhao H S, Guo D, Gong L L, et al. China’s Belt-Road initiative as a top-level design: strategic objectives, attractions, and challenges [J]. Northeast Asia Forum, 2019, 28(3): 28–39,127. Chinese. link1

[18] Ministry of Commerce of the PRC. Report on development of China’s outward investment 2018 [R]. Beijing: Ministry of Commerce of the PRC, 2019. Chinese.

[19] Xu S T, Chen L. Embracing the BRI ecosystem in 2018—Navigating pitfalls and seizing opportunities [R]. Shanghai: Deloitte Touche Tohmatsu Limited, 2018. Chinese.

[20] Lv T, Wu F X, Wei J G, et al. Six implications of China Manufacturing 2025, in-depth conversation between reforming media presser and chief editor and six prestige scholars [J]. Reform, 2015 (4): 5–25. Chinese. link1

[21] Zhang H, Huang H, Zhu Z B. Study on M&A in Key Industries of the Countries along the “Belt and Road” [J]. Asia-pacific Economic Review, 2017 (5): 115–124,176. Chinese. link1

Related Research