TITLE:
Financial Response to Industrial Structure Pattern and Adjustment Countermeasures under the Belt and Road Initiative—Taking Gansu Province as an Example
AUTHORS:
Chen Li
KEYWORDS:
Belt and Road, Gansu Province, Industrial Structure, Adjustment Measures
JOURNAL NAME:
Modern Economy,
Vol.13 No.9,
September
28,
2022
ABSTRACT: In today’s globalized economy, China has
proposed the “One Belt, One Road” development strategy to adapt to society’s
future development. This is one of the most important economic policies in
China at present. The construction of the Belt and Road will not only stimulate
economic development and solve the problem of overcapacity in China but also
help countries and regions along the route to build infrastructure and drive
the economic development of other countries
and regions. This is significant to the realization of free trade and world financial interoperability. In
recent years, China has made initial achievements in this area due to
the country’s active promotion of the “One Belt, One Road” construction. Gansu
Province occupies an outstanding location advantage in the “Belt and Road”
economic belt and is at the critical node of the “Belt and Road” strategy,
which brings opportunities and challenges for Gansu Province. Moreover, Gansu
Province has a perfect industrial structure, a solid industrial base, and huge
development potential. Therefore, Gansu Province should make full use of its
location and existing industrial base, take
advantage of the “Belt and Road” development, vigorously develop the economy,
deepen reform, and improve the existing economic and industrial model of
Gansu Province, improve economic policies and adjust the industrial structure. The article mainly focuses on the
current industrial status and industrial structure of Gansu Province. It also proposes
corresponding countermeasures for the industrial structure problems
faced by Gansu Province.