Business / Economy

Industrial park projects to boost international ties

By Yang Ziman ( Updated: 2016-06-27 16:51

Industrial parks will strengthen economic ties between China and other countries through the Belt and Road Initiative, by implementing a wide range of collaborative projects, a top China State Council official says.

"China's experiences of building industrial parks can be adapted to countries in the initiative," said Ji Xiaonan, the State Asset Regulatory Commission's supervisory board chairman of large enterprises, during a conference on industrial park construction in the Belt and Road Initiative, on Sunday.

Ji said since the Belt and Road Initiative engaged 65 foreign countries with different cultures and economic development, a uniform alliance would help galvanize the coordination and resources in those countries.

A Beijing-based alliance among Chinese industrial parks, founded in December 2015, has encompassed more than 400 industrial parks across China. It has established commissions dedicated to oil exploitation equipment, new energy, agriculture, finance and the Internet. It has reached out to North America, Europe, Africa and Southeast Asia to incorporate the industrial parks in overseas countries, to achieve one coordinative system.

"Industrial parks today should lay emphasis on innovation and start-up companies to produce meaningful output," said Shi Jun, director of the economic committee at the Chinese People's Political Consultative Conference. "Moreover, the environment-friendliness of industrial parks is increasingly being valued as an intrinsic part of the construction. These experiences can be adapted to overseas countries in the Belt Road Initiative."

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