One Belt One Road Analysis of the financial cooperated effect on the strategy of one belt one road between China and ASEAN

Abstract

              On the current international political and financial situation which is diverse, multilateral trading system has been marginalized gradually, then regional trade agreement becomes the new way for regional cooperation. "one belt one way" strategy is a great strategic deployment based on facing the deep change in the diverse international political and financial situation from China, which adopting open cooperated space and stimulating Chinese economic growth. "one belt on road" involves many countries, and ways for cooperation is diverse, though the country has released the strategic blueprint, it is not in details for the specific strategy. What will it benefit from the implement of "one belt one road"

               Signing the bilateral agreement on economic integration is an important method to stabilize trade relations between China and the countries on "one belt one road". This article based on the judgment of the financial and political situation between China and ASEAN, and the foothold for establishing regional economic integration, then raise a cooperation mode novelty aimed at "on belt on road". From the perspective of cooperation, we take an exploration in bilateral multilateral preferential cooperation mode and multidimensional generalization mode. Liberalization of trade by implementing "one belt one road "will stimulate China and ASEANs positively, on the opposite, it has a negative effect on other countries that have not joined the initiative. From the macro-perspective, advocating and pushing "one belt one road" strategy has a positive effect on the side of macro economy between China and ASEANs. From the perspective of cooperation mode, through tariff reduction, the industry of China and ASEANs would develop well. Chinese intensive and labor intensive industry benefit from the tariff reduction, but the capital and technology intensive industry would be hit.