Basis And Path Selection Of Finance Promote For "One Belt And One Road" Primary Energy Cooperation

The China government has proposed the strategy of "One Belt And One Road" for more than one year and the internal and international pay extensive attention and support on the strategy. The construction of "one belt and one road" strategy has become the priority of new open economy system and will enter the stage of substantive progress in 2016. As the so-called "An army marches on its stomach", the construction of "one belt and one road" has to follow the principle of "planning first, finance guides". The key point of financial support for "one belt and one road" is energy resources, cross-border channels, infrastructure, etc. Subsequently the Chinese government led to found the Asian Infrastructure Investment Bank and the "Silk Road" Fund as early start-up capital to union the cross-border financial institutions supporting the construction of "one belt and one road" strategy.Many countries in the region of "one belt and one road" are rich in energy resources. Energy is the base material of human activities and hold the lifeline of a country’s economy and politics. Mongolia, Kazakhstan, Turkmenistan, Uzbekistan, Iran, Saudi Arabia and Kuwait play a pivotal role in the world energy supply, their energy trade and cooperation is the focus of all countries in the world. And the energy trade and cooperation of this region is also the focus of "one belt and one road" strategy. Now China’s energy production and consumption ranked second in the world. The China’s economy has developed rapidly in recent years and the demand for energy is also growing. So the gap between supply and demand is expanding, the dependence on energy imports is becoming increasingly severely. All these make our country be in an extremely high energy security risk.At present, the development of China’s economy is greatly affected and restricted by the energy issue and the national economic security is threatened for being short of energy, much more results that energy issue caused is that the China’s economy has met the bottleneck of further development. Participating in international energy cooperation to ensure national energy security is imminent. The factor endowment theory provides theoretical basis for solving the energy problems in our country and problems of energy cooperation among the countries in the "one belt and one road" region. The theory explains the relationship between factor endowments and international trade, which is the difference of factor endowments leads to international trade. Our country has the technology and capital advantage while other countries in the "one belt and one road" region have energy advance. And according to the theory of factor endowment, the trade is inevitable. The development of international trade and the resources complement of each other can promote the development of domestic related industries, so as to promote the overall economic development. And ultimately all these will help to achieve the common prosperity of "one belt and one road" region’s economy."One belt and one road" strategy construction is an inevitable choice to build a new pattern of all-round opening China and it also outline a blueprint for deepening cooperation among Asian and European countries, not mention a new opportunity to prosper all countries in the region. Promoting cooperation of energy trade is an important part of "one belt and one road" strategy. This article introduced the energy distribution and trade of the countries in the "one belt and one road" region and analyzed the serious shortage situation of energy in China, using the theory of factor endowment illustrate the importance of energy trade cooperation. To carry out energy trade cooperation can not only fill the gap between energy consumption and supply in China, which ensuring China’s energy security, but also achieve the complementary of resource superiority and the optimal allocation of elements, which is conducive to the development of "one belt and one road" region’s economy. However, China has more or less problems while taking part in the energy cooperation with the counties in the "one belt and one road" region, such as putting an emphasis on the energy trade while ignoring the investment of energy, pursuing a wide range of cooperation except the depth of cooperation. In addition, China’s energy security facing both domestic and foreign trouble. To solve these problems in order to carry out energy cooperation better, the support of finance is necessary. How to implement that the finance promote energy cooperation of "one belt and one road" region, relying on the existing and future financial channels, to promote cooperation of one belt and one road "neighborhood" and its energy industry, and further promote the development for mutual benefit.