Abstract:

The five northwestern provinces and regions of Xinjiang, Shanxi, Gansu, Ningxia and Qinghai are at the forefront of the Silk Road Economic Belt construction. In order to seize the great opportunities of "the Belt and Road" initiative and promote local economic development, local governments have actively responded to “the Belt and Road” Initiative and formulated relevant policy systems to promote "the Belt and Road" Initiative. Taking related policies issued by the five northwest provinces and regions to promote "the Belt and Road" construction as the research object, this paper evaluates the effect of policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds of these five provinces and regions by employing the panel model. Therefore, these five provinces and regions should plan policy system according to local conditions respectively, expand platforms for cooperation with countries along "the Belt and Road" and improve the business environment to better integrate into "the Belt and Road" Initiative.

Key words: "the Belt and Road" Initiative, "the Belt and Road" construction, five provinces and regions in northwest China, the New Silk Road Economic Belt