Author(s)

Wang Zhenqi ¹, Tian Shiyu ¹

Affiliation(s)

¹ School of Economics, Guangxi University, Nanning, Guangxi, 530000, China

Corresponding Author

Wang Zhenqi

ABSTRACT

The Belt and Road is an important strategy for China's international relations and overseas investment. International trade and transnational investment with countries along the Belt and Road are of great significance to our country, from domestic and foreign affairs to military economy, and from international relations to domestic development. In addition, with the outbreak of the "COVID-19" epidemic, the balance of the international industrial division of labour has been disrupted, and the industrial chain of various industries has undergone a certain degree of shift and change, from globalisation in the pre-epidemic period to regionalisation in the post-epidemic era, which is both a challenge and an opportunity for the Belt and Road Initiative project. Among other things, China's energy security is under considerable pressure from rising freight costs for international energy trade and geopolitical tensions. In September 2021, a number of Chinese provinces, most notably Zhejiang, Hunan and Jiangsu, experienced a very rare electricity shortage. In response, the central government ordered local governments to introduce policies such as open source, spending cuts, and power restrictions and shutdowns. Although the problem of power shortage has been alleviated to some extent, the problem of power shortage still exists and the problem of energy shortage has not been completely solved. In the second half of the year, Australia also took the opportunity to raise the price of coal, the main raw material for thermal power generation, adding to the energy pressure.

KEYWORDS

The Belt and Road, trade, China, ASEAN, import and export, diamond model, globalization, energy, oil, natural gas

CITE THIS PAPER

Wang Zhenqi, Tian Shiyu, The Impact of Energy Cooperation on Economic and Trade Exchanges in the Context of the Belt and Road Initiative: A Case Study of China and ASEAN Countries. Information Systems and Economics (2023) Vol. 4: 73-82. DOI: http://dx.doi.org/10.23977/infse.2023.041011.

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