INSTRUMENTS OF INCLUSIVE GROWTH IN CHINA: OBOR, FISCAL POLICY, AND THE TRANSFORMATION OF THE SOCIAL STRUCTURE

Abstract The article analyzes the instruments used to implement inclusive growth in the People's Republic of China through the lens of three key directions: the global strategy "One Belt, One Road" (OBOR), fiscal policies aimed at supporting micro and small enterprises, and the transformation of the social structure. Based on an interdisciplinary approach, the author argues that OBOR serves not only as a mechanism of external economic expansion, but also as a tool for internal regional convergence. The study demonstrates that fiscal levers supporting small entrepreneurship have become a critical component of China's national policy amid the COVID-19 pandemic, trade wars, and global instability. Particular attention is given to the issue of socio-economic inequality, with an emphasis on regional disparities, the urban-rural divide, and the emergence of new lines of social stratification in Chinese society. As a result, the article proposes an original model of the interconnection between OBOR, fiscal policy, and the transformative processes within China's social structure.