Research On Capacity Transfer Of China's Iron And Steel Industry Under The "The Belt And Road" Initiative

The implementation of the "The Belt and Road " initiative has strengthened the trend of regional economic cooperation and provided an important opportunity to resolve the excess capacity of China's related industries.Taking the steel industry,which is relatively prominent in overcapacity,for example,it is found that the excess capacity of the transfer of steel industry has brought benefits to our country in addition to resolving surplus production capacity.It has great interest in the country along the " The Belt and Road ",so transfer the excess capacity of steel industry in China Production capacity to " The Belt and Road " along the country has a huge impetus.By analyzing the opportunities and challenges of excess capacity transfer in China's steel industry,it is found that the " The Belt and Road " countries have huge steel demand and the infrastructure of the " The Belt and Road " is relatively weak but strong development momentum.Therefore,it is necessary to transfer the excess capacity of China's steel industry to the " The Belt and Road " the possibility of transfer,and proposed China's trade and foreign investment can be two paths to resolve the excess capacity,trade through China's steel industry surplus products,Foreign investment will be China's steel industry surplus industry transfer.From the perspective of foreign demand-driven use of UNCOMTRADE steel industry,the main commodity trade data for micro-analysis and found that China's "the Road" along the country's exports significantly higher than the "the Belt" countries,"the Road"along the country and "the Belt" along the developing countries China should be the next period of China's excess steel products,the main potential export market.Based on the analysis of the economic development strategy of each country,and the analysis of China's industrial complementarity and political relations,it is found that the economic development strategy of the countries,such as the economic development base index,the global governance index and the economic freedom index,along "The Belt and Road" developing countries have more investment opportunities,but should control the investment risk.Combined with the "The Belt and Road" strategy requirement sand based on trade base and investment opportunities,the parties concerned should be from the infrastructure construction,trade promotion and investment platform to build,enhance mutual trust,to resolve risks and other measures to promote China's steel industry to resolve the excess capacity.