US EUROPE AFRICA ASIA 中文
    Business / Hangzhou G20

    Cooperation in capacity to reshape global value chain

    By WAng Yiqing (China Daily) Updated: 2016-09-05 07:50

    Cooperation in capacity to reshape global value chain

    Workers at a steel factory in Dalian, Liaoning province. [Photo/China Daily]

    Cooperation in capacity to reshape global value chain

    International cooperation in production capacity is an innovative way to boost the global economy and reshape the global value chain, and there are great opportunities for international production capacity cooperation with the advancement of the Belt and Road Initiative.

    According to United Nations Industrial Development Organization's Industrial Development Report 2016, China ranks fifth in the global Competitive Industrial Performance Index.

    As China is the largest trade partner of many countries along the routes, its production capacity can help upgrade the manufacturing industries and improve infrastructure in countries along the routes, especially developing countries.

    At a recent meeting on the Belt and Road Initiative, President Xi Jinping said that China has launched international production capacity cooperation with more than 20 countries.

    "Through production capacity cooperation, China is transferring its advantageous industries and technologies to countries along the routes, and thus is accelerating the diffusion of technology and economic growth globally," said Zhang Yongjun, a researcher at the China Center for International Economic Exchanges.

    The production capacity cooperation has made remarkable achievements in a short time. According to China's National Development and Reform Commission, bilateral and multilateral production capacity cooperation funds along the Belt and Road routes, such as the China-Africa Production Capacity Fund and China-Kazakhstan Production Capacity Fund, exceeded $100 billion by July.

    Several cooperation platforms for production capacity and equipment manufacturing have been established in Southeast Asian countries such as Indonesia and Eastern European countries like Belarus.

    International production capacity cooperation does not mean that China is transferring its overcapacity to other countries, instead it is win-win cooperation based on supply and demand and the optimal allocation of resources on a global scale.

    "Production capacity cooperation is not dumping of low quality products in other countries, but competitive cooperation," said Cao Yuanzheng, former chief economist of the Bank of China. "For instance, the cost of the majority of steel products produced in China is at the globally average level. These products are not outdated and have a competitive advantage in the market," Cao said.

     

    Hot Topics

    Editor's Picks
    ...
    国产V片在线播放免费无码| 亚洲精品一级无码中文字幕| 中文字幕国产在线| 国产亚洲AV无码AV男人的天堂| 最近中文字幕完整免费视频ww| 色综合久久久久无码专区| 日本三级在线中文字幕在线|中文| 亚洲AV人无码激艳猛片| 欧美激情中文字幕| 高清无码视频直接看| 亚洲av无码片vr一区二区三区| 日韩中文字幕在线观看| 亚洲av无码一区二区三区人妖| 麻豆亚洲AV永久无码精品久久| 再看日本中文字幕在线观看| 最近免费视频中文字幕大全| 中文字幕乱码免费视频| 老子影院午夜精品无码| 国产亚洲精品无码成人| 无码乱人伦一区二区亚洲| 伊人久久无码中文字幕| 区三区激情福利综合中文字幕在线一区| 中文字幕无码人妻AAA片| 无码日韩精品一区二区人妻| 国产精品无码a∨精品| 久久久久无码精品国产| 性无码一区二区三区在线观看| 亚洲性无码一区二区三区| 国产激情无码一区二区三区| 日韩成人无码中文字幕| 免费无码一区二区三区蜜桃| 最近的2019免费中文字幕| 中文字幕亚洲色图| 线中文在线资源 官网| 中文字幕人成乱码在线观看| 欧洲精品无码一区二区三区在线播放| 中文字幕无码播放免费| 亚洲AV无码无限在线观看不卡| 免费看无码特级毛片| 中文字幕人妻无码系列第三区| 亚洲AV无码成人精品区天堂 |