"The Belt and Road" China development
In 1979 Chinese is still a relatively closed economy, while in the 1979 to 2015 "miraculous change", Chinese average annual economic growth rate reached 9.7%; according to the calculation of PPP, 2014 China has surpassed the United States as the world's largest economy.
What is the secret of China's economic miracle? In Yifu Lin's view, "the most important reason is that China took a very pragmatic transformation and opening strategy in the course of reform and opening up, and adopted a pragmatic, gradual and double track reform and transformation. At the same time, it is also a valuable experience in the process of reform and opening up in China to make full use of the two markets and resources at home and abroad, and to "get rich first".
"The Belt and Road 'this is a new initiative that President Xi Jinping proposed in 2013, can be said to be China after the beginning of reform and opening up in 1979, the first and most important foreign economic and diplomatic initiatives." In March 22, 2016, Professor Yifu Lin, honorary Dean of the National Development Research Institute of Peking University and senior vice president and former chief economist of the world bank, said at the annual meeting of Boao forum for Asia 2016. "The Belt and Road" initiative for Asia brought what? In Yifu Lin's view, the construction of infrastructure and the transfer of labor intensive industries in China have brought new opportunities for the development of the emerging economies.
"The Belt and Road" China development
The economic principle of "road Unicom"
Road Unicom is "the main content of Belt and Road Initiative" initiative, and the importance of infrastructure for economic development can be used to explain the basic principle of economics. Yifu Lin pointed out that the most important Adams. "The wealth of the nations" in the market: the market thought lies in the wider range, more detailed division of labor, each country, each region can better exert its advantage, and with their own advantages and other areas to exchange, and form a win-win.
"The scope of the market is wide and large, which depends on how high the transaction costs are." "One of the key factors in determining the cost of market transactions is the infrastructure," Yifu Lin said. As far as China's experience is concerned, the more perfect infrastructure and road links, China can expand the scope of the market and ensure the acquisition of scarce natural resources. China's superior products can also enter the larger market.
For the current developing economies, infrastructure construction is one of the most core needs. Most of the developing countries' economies have big bottlenecks. One of them is the shortage of infrastructure, which makes it difficult for many countries to bring their advantages into full play. Yifu Lin pointed out that "The Belt and Road" initiative, the starting point is the infrastructure of China Unicom brought trade, humanities, cultural communication, various aspects of the circulation, the initiative of "The Belt and Road" along the country especially in Asia, is a new opportunity."
As the economic miracle of Chinese, put forward "The Belt and Road" initiative has its own advantages. Yifu Lin said: "first of all, China construction capacity in infrastructure construction, there should be the most competitive in the world; China needed in the infrastructure construction, steel, cement and other materials industry is the world's most competitive; the need for the infrastructure construction in the capital, there are Chinese 3 trillion and 300 billion dollars of foreign exchange reserves, is also the most adequate conditions."
