China's Silk Road Initiative Seeks Energy Security and Export Development

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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
China, as the world's second largest economy, has experienced decades of sustained and accelerating economic growth, and today, in order to continue its rise as a global power and to overcome the bottlenecks facing its export-oriented economy, is strongly dependent in securing imported energy supplies. In this regard, Beijing officials have been pursuing an international initiative for several years in the framework of the Silk Road revival to establish economic, commercial, infrastructure and energy links with dozens of countries around the world. The purpose of this study is to highlight Beijing's efforts to tackle the bottlenecks associated with energy supply and economic growth by promoting the Silk Road Revival Initiative, referred to as a One Belt One Road (OBOR). The main question is how does the Chinese government intend to pursue its goals of energy security and economic growth by promoting OBOR initiative? The answer given to as the hypothesis is that the Chinese government through Advancing the OBOR Initiative aims to improve the ability of its export-oriented economy while enhancing the affordability and availability of imported energy to the country. The paper suggests that OBOR initiative is seen as a complement to China's strategy of boosting China's energy security following the strategy of encouraging Chinese companies to invest in upstream sector of oil-rich countries. The research method is descriptive-explanatory.
Language:
Persian
Published:
Journal of International Political Economy Studies, Volume:2 Issue: 1, 2019
Pages:
207 to 232
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