The impact of “The Belt and Road Initiative” on the Competitiveness of the Construction industry of China

Abstract

Improving the competitiveness of the construction industry is an important measure for developing countries. Xi Jinping put forward the “Belt and Road” initiative (BRI) in 2013, which is a comprehensive opening strategy. Not only has it strengthened trade development and opened up new markets for China, but it has also promoted the development of China’s construction industry(CCI). In addition to this, it is conducive to cultural exchanges, market investment, and even infrastructure construction between China and the world. The target of this study is to understand the impact of the “BRI” and to explore the impact of the “BRI” on the competitiveness of “CCI”. Porter's diamond model is used as a theoretical framework to analyze the market environment in China. Through reading relevant excellent literature, consulting professors and researchers to collect powerful data, qualitative method is used to explore the data. The results show that after the implementation of the “BRI”, China's market is more open and the construction industry has been developed. China's gdp, ppp, economic and trade development ; the improvement of Infrastructure technologies; the improvement of living standards. It is also important to note that strong government support for the “BRI” plays a key role. At the same time, further research on the “BRI” will help to explore how it enhances the competitiveness of “CCI”.