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Book Series

Vol. 5

DILEMMAS AND CHALLENGES OF THE CHINESE ECONOMY IN THE 21ST CENTURY - ECONOMIC POLICY EFFECTS OF THE BELT AND ROAD INITIATIVE

In recent years, the question has been fiercely debated whether China is following the path of the Asian developmental states, such as Japan, Korea, Singapore, etc. or China's outstanding economic development is fundamentally different from the success stories of the Asian developmental states. The discussion was becoming more intensive when Chinese economic growth remained stable despite predictions forecasting a slow-down of Chinese economic growth or even the collapse of the economic giant after the financial meltdown of 2008-2009.

This volume of the OBIC Book Series attempts to collect papers that focus on a very special aspect of the Chinese economic model with one fundamental question underlying these papers: what role is the Belt and Road Initiative (BRI) playing in Chinese economic policy. The book covers three main topics: the implementation of the BRI, the interpretation of the BRI, and its effects and links to the Chinese economic policy.

This collection book is the third in the OBIC Book Series and the second in the China-related issues. We are thankful for the financial assistance of the Central Bank of Hungary, and the leadership of the Budapest Business School and all the people who supported our efforts in the making of this collection book.

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