Based on the fundamental positioning of the new measures of opening up and the platform for the economic diplomacy, the Belt and Road Initiatives will inspire a new type of mechanism for regional cooperation, which can best reflect the ideas of "amity, sincerity, mutual benefit and inclusiveness". As an initiator of the construction of the Silk Road Economic Belt and the Maritime Silk Road, China should address a series of brand-new issues, including the relationships between government and enterprises, the central and local governments, and history and reality, so as to make good use of the relationships between current comparative advantage and the new ones as well as the cooperation between economic and non-economic sectors, and institutional and non-institutional fields.

Author Li Xiangyang serves as Director of the National Institute of International Strategy of the Chinese Academy of Social Sciences (CASS) as well as Researcher and Doctoral Supervisor, and Editor-in-Chief of both Contemporary Asia-Pacific Studies and South Asian Studies. He was included on the list of the high-caliber personnel projects initiated by the Publicity Department of the Central Committee of the Communist Party of China (CPC) and the Organization Department of the CPC Central Committee. In 2008, he gave lectures to the fourth collective learning group of the 17th Politburo of the CPC Central Committee. Major Research Topics: International Economics.