Abstract
China’s president Xi Jinping raised the economic cooperation concept of Silk Road Economic Belt and the 21st-Century Maritime Silk Road in September and October 2013, called “the Belt and Road Initiative” for short. “The Belt and Road Initiative” is in an attempt to promote economic policy coordination of countries along, facilitate orderly and free flow of economic factors, efficient allocation of resources and in-depth market integration as well as create an open, inclusive, balanced and shared-benefit regional economic cooperation architecture. By then, more than 60 countries and international organizations have responded to “the Belt and Road Initiative”, which has benefitted about 4.4 billion of population, gains the economic aggregate of about USD 21 trillion, accounting for 63% and 29% of the world total respectively.
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