Research on China’s Belt and Road Capacity Cooperation

Jinping Zhao ()
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Jinping Zhao: Development Research Center of the State Council of the People’s Republic of China

Chapter Chapter 5 in Reshaping the Economic Cooperation Pattern of the Belt and Road Initiative, 2021, pp 111-134 from Springer

Abstract: Abstract With a new wave of infrastructure construction and industrialization in the world, international capacity cooperation characterized by industrial integration, capacity sharing, cultural intercommunication and policy coordination has accordingly developed in the context of deep integration of all countries around the world. China’s capacity cooperation with other countries along the Belt and Road serves as an important component of this international new wave, whose purpose is, based on the principle of “openness, cooperation and mutual benefits”, to enhance China’s position in the global division of labor as well as its global influence, speed up the industrialization process of backward countries along the Belt and Road, and improve the status in international division of labor and the pattern of international governance so as to achieve the healthy and sustainable development of the global economy. However, there are also many problems in China’s cooperation with certain countries along the Belt and Road. Therefore, China should improve its trade relations in goods and services with a more open attitude; focus on promoting a number of projects with quick results to form a demonstration effect; step up the building of free trade areas and overseas cooperative parks, and create a favorable economic, trade and investment environment for capacity cooperation; foster large-scale competitive multinational companies. These measures will provide a micro-foundation for the implementation of capacity cooperation, thus supporting the long-term healthy development of China’s capacity cooperation with other countries along the Belt and Road.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-7631-7_5

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DOI: 10.1007/978-981-15-7631-7_5

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