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Economy

Belt & Road not strategy to export overcapacity: expert

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2018-10-21 09:19Xinhua Editor: Gu Liping ECNS App Download
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The Belt and Road Initiative is by no means a strategy to export China's industrial overcapacity, but a proposal that brings shared benefits to all, an expert said Thursday.

Since the launch of the initiative in 2013, China has been sharing its expertise in fields such as infrastructure construction and clean energy with countries and regions along the Belt and Road, helping them with their own industrial upgrades, Wang Yiwei, a professor at the School of International Relations at Renmin University, said in a press briefing.

For example, a Chinese company helped build a power station in Indonesia's resort island of Bali, using its expertise in clean energy to make the plant almost pollution-free.

While the initiative was originally proposed by China, it is an open and inclusive proposal that welcomes participation from all sides, Wang said.

The upcoming Belt and Road Forum (BRF) for International Cooperation will be a great opportunity for global leaders to discuss a concrete mechanism for project implementation in various fields, Wang said.

By the end of April 18, 28 heads of state and government leaders had confirmed they would attend the BRF, which will be held in Beijing from May 14 to 15.

  

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