Research on China's “Belt and Road” Project - The Case of Great Stone Industrial Park

Abstract

This article provides an in-depth study of the implementation and impact of projects under China's Belt and Road Initiative, with a particular focus on the Great Stone Industrial Park project within the China-Belarus Industrial Park as a case study for research and analysis. The research and conclusion of the study, after gaining a comprehensive understanding of the project's progress and its wider impact, is found to be crucial in assessing the effectiveness of China's Belt and Road projects in promoting international economic cooperation. The complexity of the Belt and Road Initiative stems from the multifaceted challenges that such large-scale projects inevitably face, including government regulatory barriers, cultural differences, and external environmental issues. For this reason, we have adopted a mathematical modeling approach to our research, accomplished by combining quantitative data analysis with qualitative case studies. This included scrutinizing official documents, reviewing key stakeholders, and statistically analyzing economic indicators. Our findings suggest that the Monolithic Industrial Park project has significantly contributed to the economic development of the Minsk region by improving infrastructure, attracting foreign investment and creating jobs. However, the challenges identified also highlight the need for strategic planning and cooperative efforts to achieve sustainable success. This study not only contributes to the academic discussion of issues in international economic cooperation, but also provides actionable insights and cases for policymakers and practitioners involved in similar activities.