Initiative results in new growth models

Clusters, park-based operations and PPPs are now all the rage

The Belt and Road Initiative will play a key role in reshaping industrial chains and infrastructure in many developing markets through new models, including cluster development, industrial park-based operations and public-private partnerships, said senior commerce ministry officials.

Chinese companies have established 56 overseas trade and economic cooperation zones in 20 countries and regions related to the two 21st century trading routes, with a cumulative investment exceeding $18.5 billion, creating more than $1.1 billion in various taxes paid to local governments and 180,000 jobs in the host economies.