MACROECONOMIC INDICATORS OF CHINA IN THE CONTEXT OF THE «ONE BELT, ONE ROAD» INITIATIVE

The article is devoted to the analysis of the macroeconomic indicators of China in the context of «One belt, one road» initiative. It was defined that the China's economy shows positive trends of macroeconomic development over the last 20 years. Sequence of economic reforms and the presence of reasonable long-term plan causes the positive result because every year the China's economy grows approximately by 10%. Today IMF have included yuan in the list of reserve currencies. It was defined that the share of unemployed is very low, lower even than natural indicator of unemployment (5%). It was calculated that the literacy index among young people is 99,7%, in other words almost all children at the age before 15 are getting education, the literacy index of adults (15–65 years old) is 96,8%. It was defined that One belt, one road initiative provides recovering the Silk road which connected China with Asian and European countries as well as the creating sea analogue of the Silk road which will connect the biggest ports of South-East Asia, Africa and Europe. The ability to recover the initiative gives China new markets, workforce, rendering harmful productions from its territory, becoming the leader in the region and world, yuan strengthening as an international currency and widening zone of influence. It was defined, that the initiative has not only positive aspects but negative ones, because the regions of South-East Asia and Central Asia are very turbulent what can have the negative effect on the building transport corridors. Otherwise the initiative has more advantages, economic growth will have a positive effect on the goods quality, employment, competitiveness of the country on the international market and improvement of life style as a result.