Financial Response to Industrial Structure Pattern and Adjustment Countermeasures under the Belt and Road Initiative—Taking Gansu Province as an Example
- 1 International Education Institute, Lanzhou University of Finance and Economics, Lanzhou, China
Abstract
In today’s globalized economy, China has proposed the “One Belt, One Road” development strategy to adapt to society’s future development. This is one of the most important economic policies in China at present. The construction of the Belt and Road will not only stimulate economic development and solve the problem of overcapacity in China but also help countries and regions along the route to build infrastructure and drive the economic development of other countries and regions. This is significant to the realization of free trade and world financial interoperability. In recent years, China has made initial achievements in this area due to the country’s active promotion of the “One Belt, One Road” construction. Gansu Province occupies an outstanding location advantage in the “Belt and Road” economic belt and is at the critical node of the “Belt and Road” strategy, which brings opportunities and challenges for Gansu Province. Moreover, Gansu Province has a perfect industrial structure, a solid industrial base, and huge development potential. Therefore, Gansu Province should make full use of its location and existing industrial base, take advantage of the “Belt and Road” development, vigorously develop the economy, deepen reform, and improve the existing economic and industrial model of Gansu Province, improve economic policies and adjust the industri al structure. The article mainly focuses on the current industrial status and in dus trial structure of Gansu Province. It also proposes corresponding counter measures for the industrial structure problems faced by Gansu Province.
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