One Belt One Road initiative and its implications for the global economy

In order to support investment financing for the New Silk Road, the Chinese government has established three financial organizations. Based on the lessons from Indonesian experiences, AEOs among the OBOR countries are required to assess challenges including legal frameworks, the enhancement of customs administrations functions, and SME issues The second paper, "Assessing the displacement effect of exports with gravity trade model: China's textile and clothing case and OBOR implications," written by Yui-yip Lau, Man Hin Chan and Hong-Oanh Nguyen examines the displacement effects of the growth of China's textile and clothing industry on the exports of other developing Asian countries. The paper shows that the emergence of China's textile and clothing industry has had significant replacement effects on the growth of other Asian countries, and the replacement effects were found more prominent in the low-income countries than in the high-income countries.