Economics

Impact of China's financial development on the sustainable development goals of the Belt and Road Initiative participating countries

C. Li, G. Zhao, et al.

Discover how China's financial development is shaping the Sustainable Development Goals (SDGs) for Belt and Road Initiative countries. This insightful study explores the remarkable influence of financial growth, particularly in Asian and low- to middle-income nations, conducted by Chenggang Li and colleagues.

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Playback language: English

Index

Abstract

This study investigates the impact of China's financial development on the Sustainable Development Goals (SDGs) of Belt and Road Initiative (BRI) participating countries. Using panel regression and Geographically and Temporally Weighted Regression (GTWR) models, the study finds that China's financial development significantly promotes SDGs, particularly in Asian, low- and middle-income, and Land Silk Road countries. The scale and efficiency of China's financial development are more impactful than its structure. The study's findings offer valuable insights for policymakers in China to enhance sustainable development within the BRI framework.

Publisher

HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS

Published On

Feb 22, 2024

Authors

Chenggang Li, Gang Zhao, Keumseok Peter Koh, Zhenci Xu, Mu Yue, Weiyan Wang, Yuanyuan Tan, Liang Wu

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