Cooperation in capacity to reshape global value chain
By Wang Yiqing | China Daily | Updated: 2016-09-05 08:27
International cooperation in production capacity is an innovative way to boost the global economy and reshape the global value chain, and there are great opportunities for international production capacity cooperation with the advancement of the Belt and Road Initiative.
According to United Nations Industrial Development Organization's Industrial Development Report 2016, China ranks fifth in the global Competitive Industrial Performance Index.
As China is the largest trade partner of many countries along the routes, its production capacity can help upgrade the manufacturing industries and improve infrastructure in countries along the routes, especially developing countries.
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