Forum's vision for One Belt One Road Initiative
Update Date：2015-11-18 10:35:36 Source：BeiJing Tannet Views：779
The China International Industrial Capacity Cooperation Forum 2015, jointly hosted by the University of International Business and Economics (UIBE), China International Chamber of Commerce for the Private Sector, Liao Wang Institution of Xinhua News Agency, Research and Development International (RDI) think tank of Chinese Academy of Social Sciences (CASS), DeHeng Law Offices, and China Committee for Strategic Promotion of Constructing An Innovation-Oriented Country, was held in Beijing on Nov 15, attended by government officials, university professors, industry experts, representatives of enterprises and the media.
They exchanged on topics including how to promote international industrial capacity cooperation, effective ways and patterns of such cooperation, opportunities brought by "One Belt One Road", third-party intermediary service mechanism in carrying out the Initiative, construction of international industries relocating center and cooperation between countries along the Belt and Road Initiative region.
The forum aims to build a platform for international capacity cooperation, seek a new pattern for relocating China's competitive industrial capacity and promote the Belt and Road Initiative.
Addressing the opening ceremony were Zhao Baige, vice chair of the Foreign Affairs Committee of NPC and Chairman of RDI, CASS; Lin Guijun, vice president of UIBE; Hu Zhenmin, deputy director of the National Educational, Scientific and Cultural Committee of CPPCC; Wang Yanguo, chairman of China International Chamber of Commerce for the Private Sector, Wang Baodong, deputy head of the Department of Latin America and Caribbean in Ministry of Foreign Affairs; and Wang Li, founder of Beijing DeHeng Law Offices.
Zhao Baige explained the concept and significance of international capacity cooperation in her speech. She pointed out that the Belt and Road Initiative proposed by President Xi Jinping is a huge support of such cooperation.
There are currently 65 countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, with a population of 4.4 billion and a total GDP of $22 trillion.
There is an increasing demand for infrastructure construction, resource development and manufacturing capacity in these countries. International industrial capacity cooperation will integrate resources, policies and markets to develop these countries, enhance enterprises' competitiveness, boost industrial upgrading, optimize resources allocation and promote economic globalization.
Zhao believes that, firstly, industrial capacity cooperation is to export comprehensive production capacity, instead of inferior and excess products. The cooperation will focus on five areas, namely, policy communication, road connectivity, unimpeded trade, monetary circulation and understanding between the people.
These five areas lay a solid foundation for industrial capacity cooperation. The three principles of the Belt and Road Initiative, namely wide consultation, joint contribution and shared benefits, also facilitate the process.
Secondly, the present reconstruction of global industry and supply chain offers a great opportunity for international industrial capacity cooperation. For developing countries, by undertaking industrial transfer and utilizing advanced experiences, their development process will be accelerated.
For China, international industrial capacity cooperation will bring a larger global market and speed up its industry upgrading. For developed countries, it is a chance to explore the global market. Therefore, international industrial capacity cooperation centering on the Belt and Road Initiative is win-win for everyone.
China's capital, techniques and capacity can thus go global, creating new economic growth points for China's development.
As to how to effectively carry out international industrial capacity cooperation, Zhao's first suggestion is to specify the strategy of capacity relocation. During the cooperation, each country's political, economic, social, cultural and ecological situation should be considered accordingly. Profiteering, disorderly competition and opportunism should be avoided.
The article transsshipment from China Daily
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