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B&R industrial parks yield remarkable achievements: report

Xinhua | Updated: 2019-03-17 20:26

BEIJING -- Construction of overseas industrial parks creates strong momentum for cooperation under the Belt & Road Initiative, a report has said.

Chinese enterprises have participated in building economic and trade cooperation zones in the countries along the Belt and Road (B&R), according to a report by the China Economic Information Service.

The report mentioned the China-Belarus Industrial Park, China-Malaysia "Two Double-Park" and China-Egypt Suez Economic and Trade Cooperation Zone as role models in cooperation between China and other B&R countries.

Chinese enterprises invested $15.64 billion in non-financial sectors in B&R countries in 2018, up 8.9 percent year on year, accounting for 13 percent of the year's total non-financial direct investment.

Construction of overseas industrial parks is market-oriented and meets development needs and markets demands, the report said.

China has built a series of overseas agricultural cooperation zones in Central Asia, South Asia and Africa to help local farmers with their production activities, it added.

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