The Research on Regional Economic Development under the "Belt and Road" Initiative

Abstract

The “Belt and Road” is a major initiative proposed by the Chinese government to promote international cooperation and to achieve mutual benefits. Its core significance lies in building economic development conditions through new development cooperation to achieve common development. At present, a considerable part of the countries along the “Belt and Road” are still in the primary development stage, and there is still much room for development in infrastructure development and industrialization. China and countries along the “Belt and Road” can strengthen infrastructure through new development cooperation to break the bottleneck of development, reduce trade costs, promote the construction of overseas industrial parks, achieve a complete production-consumption cycle, and achieve the common development of “Belt and Road” countries through building regional economic development conditions. This paper firstly analyzes the significance of infrastructure connectivity and the current situation of China’s infrastructure, then discussed the significance of “Belt and Road” on promoting regional economic development from the perspective of infrastructure connectivity, finally puts forward the challenges and suggestions for further development.