一带一路英文演讲

1、“One Belt and One Road” “One Belt and One Road short for Silk Road Economic Belt and 21st Century Maritime Silk Road 牛牛文库文档分 享 Essence OBOR is not an entity and the mechanism,it is a economic cooperation concept, and belongs to the multinational economic belt. OBOR is a development strategy and fram

2、ework that focuses on connectivity and cooperation among countries primarily in Eurasia, which consists of two main components, the land-based Silk Road Economic Belt (SREB) and oceangoing Maritime Silk Road (MSR). OBOR aims at borrow the ancient symbolsilk road,and carry the banner of peaceful deve

3、lopment, actively develop an economic partnership with countries along the Silk Road and regions,to build community of interest,fate community and community in responsibility of political mutual trust, economic integration, culturally tolerant 牛牛文库文档分 享 Countries and regions along the “One Belt, One

4、 Road ” data such as population and economic scale 牛牛文库文档分 享 Develop regional economy A b s o r b e x c e s s capacity Reduce foreign exchange reserve Why do China want to carry out One Belt,One Road? For the nation 牛牛文库文档分 享 1 2 3 Drive capacity output by capital output Strengthen international coo

5、peration Reverse balance of payments situation For the word: 牛牛文库文档分 享 Infrastructure Networks 牛牛文库文档分 享 Sources of funds AIIB is a proposed international financial institution which is focused on supporting infrastructure construction in the Asia-Pacific region. SCODB is multilateral development fi

6、nance institution,and it expand cooperation in the settlement in local currencies and promote the economy and trade communion of regions by joint contribution and joint benefit New Development Bank is a proposed international financial institution which is focused on supporting infrastructure constr

7、uction of these 5 BRICS and other developing countries. SIF is a state owned investment fund of the Chinese government to foster increased investment in countries along the One Belt, One Road, an economic development initiative primarily covering Eurasia. 牛牛文库文档分 享 The five major Co-operation policy

8、 coordination unimpeded trade financial integration facilities connectivity people-to-people bonds important content priority areas important supporting important guarantee social foundation 牛牛文库文档分 享 The Back-up Force of OBOR 123 4 5 6 land silk road maritime Silk Road 1. High-speed diplomacy 2. Sh

9、anghai Cooperation Organization Development Bank 3. Silk Road fund 4. Asian Infrastructure Investment Bank (AIIB) 5. Nuclear diplomacy 6. BRICS Bank 牛牛文库文档分 享 OBOR“ construction” Relationship between OBOR and AIIB The implementation of One Belt and One Road stratgy requires a large number of investm

10、ent from financial institutions, including AIIB. The aid program of AIIB, which targets the construction of infrastructure in Asian-Pacific region, overlaps with OBOR strategy. 牛牛文库文档分 享 ISSUES Overcapacity Problem Resources Aquisition National Security Trade Initiative Transportation Network 牛牛文库文档

11、分 享 Overcapacity Problem 牛牛文库文档分 享 Overcapacity Problem 1. OBOR opens up new export markets to compete with America and Japan. 2. It helps emerging market countries and less developed countries in infrastructure construction, using the sufficient foreign exchange reserves to solve the overcapacity p

12、roblem 牛牛文库文档分 享 Resources Aquisition Chinas oil and gas resources are highly dependent on overseas mineral resources. OBOR will build some effective channels to get resouces. It contributes to the resources diversification. 牛牛文库文档分 享 National Security The industry and infrastructure of coastal regi

13、on ,western area and central area need to be protected from external concealed threats. OBOR will improve the capability to strengthen the national security at risk of conflict. 牛牛文库文档分 享 Trade Initiative OBOR will make China have a greater say in global market and regional economy. 牛牛文库文档分 享 Transp

14、ortation Network With building a transportation network in the neighboring area, OBOR will promote the export trade and mobilization of resouces. 牛牛文库文档分 享 Chinas Regions in Pursuing Opening-Up 牛牛文库文档分 享 China in Action High-level guidance and facilitation. Signing cooperation framework. Promoting p

15、roject cooperation. Improving policies and measures. Boosting the role of cooperation platforms. 牛牛文库文档分 享 牛牛文库文档分 享 Fund - June 29th, 2015. - 57 countries - Legal capital: $100bn - Dec 29th, 2014. - Beijing, China. - Legal capital: $40bn - Supported by four national organization - July 21st, 2015.

16、- Five countries - In Shanghai, China. - Sep 11th, 2014. - Discussed. 14th Summit - Not officially founded yet. 牛牛文库文档分 享 牛牛文库文档分 享 牛牛文库文档分 享 牛牛文库文档分 享 -57 members -$100billion -China (30.3%) 1st -Korea (3.8%) 5th “to build better infrastructure in developing countries” - The Netherlands, Germany, F

17、rance, and other many countries are favorable to the foundation of AIIB News Articles 牛牛文库文档分 享 牛牛文库文档分 享 1. Four financial platforms will . 2. Four financial platforms will of numerous countries. 3. As the four platforms pursue open-door policy for OBOR 4. Four financial platforms will enable . 5.

18、Four financial platforms will enable developing countries to . AIIB 1. AIIB will in One Belt One Road project. among nations by redistributing resources and as well, but as the investment vehicles are developing countries, private companies to investment proposals. -To address the issue, safe invest

19、ment and minimized loss. Assessment of Financial Platform 牛牛文库文档分 享 To China: 1. To digest overcapacity: Chinas total capacity utilization does not exceed 65%, but traditional export market has opened up in a more full by United States and Europe. Meanwhile, the countries along the route of One Belt

20、 One Road lack the infrastructure, who just need cost-effective Chinese construction business. China also has the excess of foreign exchange assets. China uses its huge foreign exchange reserves accumulated as a capital to boost global growth and uses its export of capital to digest its excess capac

21、ity. 2. To revitalize the stock of the economy: The promotion of OBOR is conducive to the expansion of cross-border use of RMB in the peripheral region, RMB payment system and the utilization of the huge foreign exchange reserves. After the abolish of geographic restrictions, Chinese domestic enterp

22、rises and commercial banks could issue RMB bonds in offshore to help the circulation of RMB in the international market. 3. To strengthen National Security: OBOR can not only hedge the US-led TPP (Trans-Pacific relations agreement), TTIP (trans-Atlantic partners to negotiate), which attempt to isola

23、te China, but also provide the opportunity for China to participate in the development of new global trade rules. Shanghai FTA Shanghai Free Trade Zone-International transfer port Chinas industrial and infrastructure are concentrated in coastal areas, and there is a great potential for their develop

24、ment in central and western regions. Significant 牛牛文库文档分 享 To the World: 1. New economic growth stimulation: The global economic recovery is slowdown and monetary policy in developed economies trends to differentiation. Economies of many countries face difficulties and need a new economic growth eng

25、ine to drive the world economy. The projection of OBOR benefits China and most countries, because it seeks new impetus to the global economic recovery and mobilizes new investment to achieve the win-win situation. 2. Regional Collaboration: OBOR breaks the original development model of spot and bloc

26、k patterns and extends vertically and horizontally, connecting Asia-Pacific Economic Circle in the east the European economic zone in the west, considered as the worlds longest, most development potential economic corridor. This strategy helps the further deepen China-ASEAN cooperation and regional

27、economic integration, building closer community, and seeking the coordinated development in line with the strategic interests of Asia-Pacific, Asia-Europe and most member states. Significant 牛牛文库文档分 享 Challenges OBOR strategy is an inevitable outcome of current global status, and it also faces diffi

28、culties. a. Specific difficulties during the implementation of investment projects: 1. The environmental impact of large-scale investment 2. Changing risks of foreign policy 3. Breaking-in with various foreign countries cultures, customs, even institutions b. How to deal with relations of big powers

29、: the United States, Russia, India c. How to deal with relations of small countries: Scruples: Not Threaten- Joint Development 牛牛文库文档分 享 Hot Discussion “New Normal” Trap World: Since Subprime Crisis: the 8th year of low economic growth, low interest rates and expanding government intervention Keynes

30、ian stimulus: Unconventional Monetary Policy (UMP): (Liquidity management: short-term nominal interest rate-central banks balance sheet structure, content) Zero Interest Rate Policy (ZIRP) Quantitative Easing (QE) New Normal: a Trap of Debt and Money Financial market bubble Soaring debts-economic sl

31、owdown As the New Normal Trap deepens, there can be a desperate call for breakthrough China presents new global financial & economic paradigm 牛牛文库文档分 享 If bank loans stop, money supply shrinks and causes deflation which means less money to go around (liquidity crisis), causing massive default on deb

32、t Source: FRB of ST. Louis 牛牛文库文档分 享 Hot Discussion “New Normal” Trap China: OROB: Stimulate Real Economic Growth A new wheel of growth to overcome New Normal Connecting Asia to Europe through new continental and maritime silk roads New investments in economic & social infrastructures of the region

33、will raise productivity New infra-connected areas will form new markets and boost demand and growth Reconnecting money & investment with growth of productivity & demand Chinese style New Marshall Plan with win-win strategy Provides new global economic growth opportunities New global financial and ec

34、onomic paradigm is possible OROB is Chinas message to the world about building new growth platform A package of comprehensive strategies: AIIB, OROB and RMB Internationalization AIIB to offer new model of investment, cooperation and financial alternative Rapid RMB internationalization boost AIIB and OROB prospects China presents new global financial & economic paradigm 牛牛文库文档分 享 牛牛文库文档分 享 “One Belt and One Road” “One Belt and One Road short for Silk Road Economic Belt and 21st Century Maritime Silk Road 牛牛文库文档分 享 Overcapacity Problem 牛牛文库文档分 享 牛牛文库文档分