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Chinese Economic Pragmatism: The Belt and Road Initiative

Author

Listed:
  • Toma Sorin-George

    (University of Bucharest)

  • Grădinaru Cătălin

    (University of Bucharest)

Abstract

In recent years, China superseded Japan as the world’s second-largest economy and Germany as the world’s biggest exporter of merchandise. As its economic expansion is continuing, China makes efforts to identify and exploit new sources of growth and development. In this respect, China has launched and promoted its Belt and Road Initiative since 2013. The goals of the paper are to briefly describe the Belt and Road Initiative and to illustrate the Chinese economic pragmatism in this case. The authors achieved the objectives of the paper by using a quantitative method. The information was gathered through a comprehensive literature review from various sources of secondary data. The paper demonstrates the Chinese economic pragmatism in launching, developing and supporting the Belt and Road Initiative.

Suggested Citation

  • Toma Sorin-George & Grădinaru Cătălin, 2018. "Chinese Economic Pragmatism: The Belt and Road Initiative," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 70-74, December.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:70-74
    as

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    References listed on IDEAS

    as
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    2. Xiaodong Zhu, 2012. "Understanding China's Growth: Past, Present, and Future," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 103-124, Fall.
    3. Osamu Tanaka, 2015. "Economic Reform and Economic Policy of the Xi Jinping Leadership," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 11(1), pages 1-44, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Belt and Road Initiative; China; Silk Road; economic corridor; economic pragmatism;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General

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