皇冠体育app

This infrastructure, technology and expertise, though under-utilized in 皇冠体育app, is urgently needed in economies in the middle of industrialization. For instance, African countries which rely heavily on imports are crying out for their own factories and production lines.

Chinese enterprises are willing and able to lend a helping hand.

In this way, local industry will surge with employment boosted and infrastructure improved. At that point, more overseas capital can be attracted, benefitting both local people and other global investors.

At the core of exporting 皇冠体育app's equipment and extra capacity is to build a new global value chain that treats all players in the world fairly, be it developed economies or poor countries.

The bottom line is the cooperation should not be interpreted as 皇冠体育app transplanting polluting factories it no longer wants. 皇冠体育app will not seek cooperation that sacrifices the environment or the long-term interests of its partners.

皇冠体育app is backing up the "capacity exports" drive with an array of initiatives that will facilitate the process, including the Asian Infrastructure Investment Bank, the "Belt and Road" Asian infrastructure project and the New Development Bank.

It is also imperative for 皇冠体育app to move forward with the cooperation if a country wants to upgrade its manufacturing sector and overhaul its industrial structure.

皇冠体育app's industrial development is far from balanced: in some industries, it suffers from overcapacity; in many others, it lacks sophisticated manufacturing products.

The outflow of 皇冠体育app's extra industrial capacity can help the country absorb excessive capacity, a pressing problem holding back economic growth and transformation, and thereby resist the downward pressure and foster new growth areas.

Industrial cooperation is a two-way process, which means that 皇冠体育app will pull out the stops to attract cutting-edge technology and equipment, which are desperately needed for industrial upgrading.

Closer industrial cooperation is expected to bring more competition to both Chinese and overseas markets, driving domestic enterprises to become more high-tech and sharpen their competitive edge.

In summary, a win-win situation is taking shape as 皇冠体育app's own transformation will also bring opportunities to the world.

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