Author(s)

Chao Lv

Corresponding Author

Chao Lv

Abstract

The “Belt and Road” should be based on the transformation and upgrading of domestic industries. In the economic and trade relationship, it will lead the “Belt and Road” through the “Double Leading Strategy” and the high-end strategy of the value chain, and promote the internationalization of RMB through the “Belt and Road”. The so-called "Double Leading Strategy" is to implement the "creating domestic leading market strategy" and the "leading supplier strategy" for the “Belt and Road” countries in the strategic emerging industries and the fourth industrial revolution; the so-called high-end strategy of the value chain is under the condition of not giving up and strengthening China's low-end competitive advantage in the manufacturing value chain. It will build a global value chain controlled by Chinese enterprises and occupy the high-end links of the value chain. The “Belt and Road” strategy is the main way for the internationalization of RMB. Its success is based on RMB settlement, loans and investment. To this end, China needs to fully implement sovereign credit as soon as possible, strengthen capital project control, and adopt trade and real economic activities.

Keywords

Belt and Road, Double Leading Strategy, Value Chain High-End Strategy