Challenges and Countermeasures of China’s Economic Development under the Background of “One Belt One Roadâ€

Abstract

"One Belt One Road " is a new type of open strategy for China’s entering a new normal state to promote sustainable economic development, which embodies the top Chinese design wisdom of "open to promote reform, reform to promote development, development to promote transformation". Opening to the outside world provides the excess capacity to release the channel and the power to optimize industrial structure. However, its own investment in the low efficiency, economic security threats and further structural economic imbalance will make the construction of "One Belt One Road" face more challenges. Therefore, this paper systematically analyses the situation of China's economic development to refine the challenges of China's economic development under the background of "One Belt One Road", and gives corresponding countermeasures to help China to formulate feasible macroeconomic plans.