CHALLENGES OF THE «ONE BELT, ONE ROAD INITIATIVE» IN THE CONTEXT OF GLOBAL ECONOMIC INSTABILITY

Abstract

The paper examines the development of China's «One Belt, One Road» initiative, which was formed in 2013 when the Silk Road Economic Belt and the 21st Century Maritime Silk Road projects merged. These projects are both economic and political in nature, designed to promote free, orderly movement of economic factors, efficient allocation of resources, deepening of market integration, they aim to coordinate the economic policies of the countries along the One Belt and One Road routes, expand and deepen regional cooperation, forming an open, inclusive and balanced architecture of regional cooperation, in which all participants should get China takes on key tasks in these projects to ensure their implementation