This study examines the potential effects of China's "One-Belt One-Road" initiative (OBOR) on trade flows and global value chain connections. The empirical analysis is based on the augmented gravity model of international trade, which comprises 186 reporters and 199 partners in the period...

In 1978, China began to open its door to the outside world. After three decades of step-by-step reform, the country has developed into the world’s fourth largest economy with a growth rate continuing in the double digit. What has been the nature of China’s reform? What achievements have been...