The Belt and Road Initiative,New-type Globalization and Major-country Relations

most of the countries along the Belt and Road belong to low-and medium-income countries, their main challenge is how to achieve development. East Asia and China relied on the export-oriented strategy to have achieved industrialization. However, in the next period, the growth rate of international trade will be significantly lower than that of GDP. Coupled with the de-globalization trend in developed countries, the global development needs new ideas. China and countries along the Belt and Road can promote industrialization centering on infrastructure construction, with the manufacturing industry as the core and developing countries cooperation as the main content to promote new-type globalization. China has leading manufacturing and trade capacity of the world, and strategically advocates principles of extensive consultation, shared benefits and joint contribution, therefore, the Belt and Road Initiative has a profound driving power. It is expected by 2030, 2.4 billion people with low-income along the Belt and Road will be transformed into high-income population, and then China would have a population of 1.4 billion with high income.