Paths International Ltd

Abstract:

In the building of the Belt and Road Initiative, the importance of the ports and port cities are self-evident, as they are important components of the facility connectivity. The Belt and Road Initiative is a system design, and needs the material support for port building. Into the 21st century, the central region of global economic growth will increasingly shift to the countries along the Belt and Road Initiative, thus bring about the profound changes in the pattern of the world’s cities. The Belt and Road Initiative covers Central Asia, South Asia, West Asia, Southeast Asia and Central and Eastern Europe and other countries and regions, 65 countries along it. In the region there are mainly emerging economies and developing countries, with a total population of about 4.4 billion, and the total economic output of about 21 trillion US dollars, accounting for about 63% and 29% of the world respectively. Currently, it is one of the regions with the fastest growth of global trade and cross-border investment. With the building of the Belt and Road Initiative, the domain of port cities in the world has also changed. That is, the moving speed of the world’s shipping centre from west to east will be further accelerated. This has provided a rare historical opportunity for the development of many port areas in China’s coastal areas, as well as new opportunities for regional development closely related to the ports.