Research on the Coordinated Development of Belt and Road Industries Based on Common Prosperity
Abstract
Common prosperity is not only a crucial characteristic of the modernization of China but also a fundamental conceptual pillar that drives the Belt and Road Initiative. The Belt and Road Initiative presents an innovative model of profound interaction between China and the international community, establishing a fresh perspective on mutual development for the countries encompassing the Belt and Road Initiative. Furthermore, it serves as a novel platform for these nations to strive towards shared development and prosperity. As an integral component of the Belt and Road construction, industrial synergy assumes a significant role in realizing collective progress along the Belt and Road. While endeavoring to foster the common development of the countries along the route, the existence of regulatory and cultural barriers, stemming from institutional disparities and cultural distances among nations, poses significant constraints on the harmonized growth of the Belt and Road industry. Consequently, it becomes imperative to enhance the national investment value assessment system and the risk early-warning mechanism along the Belt and Road, thereby mitigating regulatory barriers to industrial coordination and the associated risks of institutional changes. Additionally, it is crucial to establish a comprehensive discourse system for the Belt and Road with China’s strategic blueprint as the central focus, narrowing the cultural gap in industrial coordination, implementing differentiated policies and innovative approaches to facilitate industrial coordination, and ultimately fostering the collective prosperity of the countries along the Belt and Road.
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