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Chinese college students’ attitudes toward the New Silk Road initiative

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Author Affiliations

  • 1School of Law, Hunan University, Changsha, Hunan, China
  • 2School of Arts & Sciences, University of Washington, Seattle, WA, USA
  • 3John Carroll School, Bel Air, MD, USA
  • 4Rolling Hills Prep School, San Pedro, CA, USA
  • 5Anshan No. 1 High School, Anshan, Liaoning, China

Int. Res. J. Social Sci., Volume 6, Issue (7), Pages 1-5, July,14 (2017)

Abstract

Given the core role expected to be played by the New Silk Road initiative in the Chinese economy as well as the regional economy, this study examines how Chinese college students perceive the value of the New Silk Road initiative, what benefits they consider to be most important, what risks they consider to be most serious, and whether there are any gender differences in their views. The respondents generally had favorable attitudes toward the New Silk Road initiative. However, female students were significantly more likely to show favorable attitudes toward the New Silk Road initiative. In terms of the most important benefit of the New Silk Road initiative, the respondents identified synergy as the most important benefit of the New Silk Road initiative, followed by stability/security, sound corporate governance, and economic gap narrowing, in that order. Female respondents were most likely to identify stability/security, whereas male respondents were most likely to identify synergy. In terms of the most serious risk of the New Silk Road initiative, the respondents identified exchange rate variability as the most serious risk of the New Silk Road initiative, followed by contractual disagreement, legal/regulatory difference, and financial commitment/risk, in that order. Female respondents were most likely to identify contractual disagreement, whereas male respondents were most likely to identify exchange rate variability. These results suggest that, although the New Silk Road initiative has benefits, they may also entail some risks. The Chinese government should carefully consider not only the benefits but also the risks entailing its New Silk Road initiative to minimize unfavorable perceptions and maximize its adaption.

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