BRI can be a boon for emerging economies

The US Federal Reserve has frequently raised the interest rate since 2015. This year it has raised the interest rate three times - and it is expected to raise it a fourth time this year.

The frequent interest rate hike is closely related to the US' good economic performance in recent years. Its GDP growth rates from 2015 to 2017 were 2.9 percent, 1.5 percent and 2.3 percent, respectively, and this year its economy is expected to grow by about 3 percent, which is unusual for the US. Also, the consumer price index remains stable between 2 percent and 3 percent, and the unemployment rate is down to about 4 percent.

The US' good economic performance has always caused large-scale capital to flow into the country. In April alone, more than $200 billion flowed into the US market, increasing to over $250 billion in June.