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Production Optimization Boosts China’s International Economic Cooperation

On May 31, at the fifth China International Economic Cooperation "going aboard" summit forum in the 2017 Beijing International Fair for Trade in Services, the relevant persons in charge from Ministry of Commerce of the People's Republic of China and  entrepreneur  representatives in relevant industries carried out the discussion on the "Belt and Road Initiative", international production cooperation and other related issues, and jointly look forward to the prospect of Chinese enterprises going aboard, searching for the direction of production cooperation.

 

Make tourism a breakthrough point
Wang Huiyao, Counselor of the State Council, Chairman of the Center for China and Globalization


Looking back on 40 years of reform and opening-up process, China's rapid economic development benefited from the "inviting in" policy to a certain extent, and the promoting of the Belt and Road Initiative indicates that China may go to a broader and more open areas in next decade, it means the arrival of China's export-oriented era, the "Belt and Road Initiative"  is exactly the watershed  of "inviting in" and "going abroad". The "Belt and Road Initiative" is a new type of effective global program; it is not a solo of China to create the "Belt and Road" international community, but a chorus of the whole world. The financial support  is not enough to build the "Belt and Road", it needs the world's major financial markets and financial institutions to participate in and provide a steady stream of capital support, the  implementation of the "Belt and Road Initiative" needs a breakthrough, for example, taking tourism as a breakthrough to encourage the countries along the "Belt and Road" to develop the tourism facilities such as tourist roads, parks, hotels, etc., to promote the "Belt and Road" industry cooperation.

 

Economic reform consolidates the basis of cooperation
Guo Hu, Division Chief from the Department of West Asia and Africa of the Ministry of Commerce of China

 
Arab countries are rich in oil and gas resources, with a large population, located at the intersection of three continents, is a necessary land and natural partner to promote the construction of the Belt and Road. Last year, the amount of Chinese enterprises in the Arab countries signed a new contract of 40.4 billion US dollars and the total turnover reached 33.6 billion US dollars, China and Arab sides have made remarkable results on policy communication, trade and other aspects of cooperation. Arab countries vary widely, but there is a huge demand for Chinese cost-effective products, this situation created a variety of opportunities for cooperation.

 

"Belt and Road Initiative" needs to benefit the grassroots
Zhang Xingfu, Deputy Director-General, Department of Foreign Investment and Economic Cooperation, Ministry of Commerce of the People's Republic of China


With the in-depth development of current economic globalization and increasing close ties between countries, China's rapid economic development and opening up bring about the important opportunities for the world. From 2013 to 2015, Chinese enterprises have provided many local job opportunities through foreign investment cooperation, and their total paid tax was 78.4 billion US dollars for the countries they invested in, China's "going aboard" enterprises and projects were generally welcomed by the host government and their people. In next step, we will continue to guide enterprises to deepen the relevant state investment focusing on strengthening trade, infrastructure and other areas of cooperation, cultivate new growth points, and further expand international trade, transnational investment and capital transactions so as to make the results of the "Belt and Road" construction benefit more ordinary people.

 

China's investment in Eurasia is still facing difficulties
Liu Xuesong, Commerce Counselor of the Department of Eurasian Affairs of the Ministry of Commerce of China

 
At present, China's investment in Eurasian countries is still facing difficulties. For example, the investment environment is complicated; most of countries rely heavily on preferential loan assistance of China. China is facing the competition of overseas enterprises from EU, Japan and Turkey in Europe and Asia. Under this background, domestic enterprises not only should seize the opportunity to accumulate international cooperation experience, but also need to enhance their own business management level at the same time, so as to effectively solve the current problems of domestic low value-added export products and low brand awareness, so as to capture more opportunities for international cooperation.