Investment In Infrastructure Construction of the "Belt and Road" And Its Influencing Factors

Abstract

In 2013, after visiting Kazakhstan and Indonesia, General Secretary Xi Jinping threw a new issue to the world -- "the Belt and Road" initiative (including “the 21st-Century Maritime Silk Road” and “the Silk Road Economic Belt”, abbreviated as BRI), intending to build a new model of international relations and building a community with a shared future for mankind. Transportation infrastructure investment, as an important component of this initiative, has always been of great concern. This article introduces the basic situation of infrastructure construction since the proposal was put forward, and sorted out the reasons for China's investment in infrastructure construction of the BRI, including factors, for example, adapting to “the new normal of China's economy ,and bringing markets and resources to China; Summarize the impact on co-building countries from the perspectives of economy and trade. This paper also sorted out the factors that affect China's investment, including the improvement of labor force in countries participating the BRI, the improvement of infrastructure quality and co-build country’s system. Finally, briefly point out the current challenges and challenges faced.