Industry transfer to Africa good for all

The core of the "One Belt and One Road" initiative, the creation of a Silk Road Economic Belt and 21st Century Maritime Silk Road, is infrastructure construction. China should also include Africa in the initiative and encourage the transfer of its labor-intensive industries to Africa.

This strategy would provide developing countries with a development boost and benefit China as well. Chinese enterprises must improve their quality, and the government can set up a foreign development cooperation department to coordinate the works of relevant ministries.

In 2009, the developed countries needed structural reform to recover from the financial crisis. But the reforms met considerable political resistance, as they would reduce consumption and expand unemployment. Conventional solutions, such as depreciating the currency and implementing an assistance plan, were of no use in overcoming that crisis. Therefore, increased investment on infrastructure construction by both developed and developing countries was the best option for not only boosting the growth of the investor countries, but also stimulating the exports of the other countries.