Eszes, D. (2020). The contribution of the Chinese financial system to the financing of the Belt and Road program. Modern Geográfia, 15(1), 1–17.
Currently, we are witnessing a major rearrangement of power, the unipolar world becomes more polar. One of the new poles is China, which owes its rise to economic development and continuous transformation since the 1990s. To consolidate this role, the country launched the Belt and Road program, which aims to strengthen political, economic and interpersonal relations between the participating countries. The size and cost of the infrastructure and energy developments related to the program are also outstanding from a historical perspective. In addition to the need for financing for construction, there is also a need for easier execution of renminbi transactions and easier financial transactions of the partners and international Chinese companies. The paper shows how the Chinese financial system contributes to the financing of the Belt and Road program and what financial instruments it uses to do so.
Keywords: China, Belt and Road, economic model, funding