China's Maritime Silk Road Initiative and Local Government

Abstract

Abstract(#br)After China employs the going-out strategy, it has steadily obtained the economic benefits from outside world. The “One Belt, One Road” initiative will strengthen this strategy further more. China has now faced low economic growth and has been forced to change the export-led growth model. Local governments in coastal area have also been forced to adopt a new growth model, and started attaching greater importance on maritime area. The local government regards maritime as a new axis for their growth and tries to get actively involved in the implementation of the Maritime Silk Road initiative. Guangdong Province has plotted its economic plan by itself and tried incorporate themselves into China's maritime policies. In case the competition among local governments is expected to be intensified, China's maritime policy will become more active in near future. TS - EndNote M4 - Citavi