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International Journal of Frontiers in Sociology, 2024, 6(1); doi: 10.25236/IJFS.2024.060113.

Exploration of the Practicality of 'Belt and Road' Strategy in Facilitating the Relocation of Manufacturing Industry to the Western Regions

Author(s)

Siqi Wang

Corresponding Author:
Siqi Wang
Affiliation(s)

School of Finance and Economics, Hainan Vocational University of Science and Technology, Haikou, 570100, China

Abstract

China's manufacturing industry boasts world-leading scale and output. However, the development of China’s manufacturing sector currently faces a series of challenges, especially regional development imbalance. The eastern regions of China are relatively developed with an excessive concentration of manufacturing enterprises, while the advantages of the western regions, such as abundant resource reserves and vast land resources, have not been fully utilized, resulting in lagging development. Therefore, how to promote the upgrading of the manufacturing industry and optimize industrial distribution becomes a key issue. In this context, utilizing the "Belt and Road" initiative can optimize the distribution pattern of China's manufacturing industry and promote the economic development and industrial structure upgrading of the western regions. This paper aims to analyze the role of the "Belt and Road" strategy in promoting the development of the manufacturing industry in the western regions and explore the feasibility of the "Belt and Road" strategy in facilitating the westward relocation of the manufacturing industry.

Keywords

"Belt and Road"; Industrial Upgrading; Manufacturing Industry; Western Economic Development

Cite This Paper

Siqi Wang. Exploration of the Practicality of 'Belt and Road' Strategy in Facilitating the Relocation of Manufacturing Industry to the Western Regions. International Journal of Frontiers in Sociology (2024), Vol. 6, Issue 1: 67-72. https://doi.org/10.25236/IJFS.2024.060113.

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