RESEARCH ON THE CHALLENGES AND COUNTERMEASURES FACED BY THE BELT AND ROAD INITIATIVE

Abstract

The Belt and Road Initiative was put forward and promoted in a complex and volatile international environment, and it inevitably faces various challenges and risks during its implementation. These challenges have both resistance from geopolitical games and risks in economic investment and cooperation. At the geopolitical level, some major powers outside the region are skeptical and even resist the Belt and Road Initiative because of their own strategic interests. From the economic perspective, although the joint construction of "Belt and Road" will create huge development opportunities for the countries along the Belt and Road, it also faces many risks and challenges in the specific investment cooperation. Political instability and chaotic social order in some countries along the Belt and Road may bring great security risks to the implementation of the project. Some countries have lagging laws and regulations and poor market environment. Due to differences in development stages and economic structures of different countries, most countries in the region are still at the middle and low end of their industrial chain, and it is difficult to form effective synergy in economic and trade cooperation at a higher level. In addition, the long investment cycle of large-scale infrastructure projects, the large capital demand, and the risk of unequal project income and investment cannot be ignored. How to maintain strategic focus over a long period of time and ensure that investment continues to generate the expected benefits will be a major test of the resilience of the Belt and Road Initiative.