Potential for cooperation under initiative

Under the double circulation of global value framework, countries and regions that support the Belt and Road Initiative will have great potential for economic cooperation, according to an economic development report.

The Economic Development along the Belt and Road, jointly authored by China Development Bank, United Nations Development Programme China and Peking University, was launched on Monday in Beijing, providing a framework to access and analyze the initiative's complexity and effects on national and regional development.

The report proposes the initiative as a double circulation of the global value chain, which can drive the economic growth, making involved countries' industrial structures complementary to each other's, and realizing the industrial synergy of the double circulation itself.