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Zhejiang Promotes Opening-up and Cooperation and Global Layout of Advantageous Production Capacity in All Fields
2017-06-05 09:52:28

Reporters learned from Zhejiang Provincial Department of Commerce on June 1 that recently Zhejiang Provincial Department of Commerce, Department of Foreign and Overseas Chinese Affairs of Zhejiang Provincial People’s Government and Zhejiang Branch of the Export-import Bank of China have jointly released “Three-year Action Plan for Zhejiang’s Participation of the Belt and Road Initiative and Promotion of Global Production Capacity Cooperation (2017-19)”. As the Plan proposes, Zhejiang will have preliminarily established the working mechanism of participating in the Belt and Road Initiative and of promoting global production capacity cooperation with some early achievements made by 2019.
According to this Action Plan, by the year of 2019, Zhejiang’s imports and exports with other countries along the Belt and Road will have totaled US$124 billion, and Zhejiang’s overseas investment in these countries will have amounted to US$6 billion. The province will set up local economic and trade cooperation mechanisms with those Belt and Road countries of close economic and trade cooperation. Meanwhile, focusing on conventional competitive industries like light industry, textiles and garments, and medicine, equipment manufacturing industries like power equipment, photovoltaic, security and protection, and capacity surplus industries like cement, steel, and aluminum oxide, Zhejiang will adopt various ways such as investment for enterprises, collaboration and development, marketing network construction, contracted projects, integration of construction and operation and so on, to promote category-based global production capacity cooperation, with 500 overseas marketing organizations to be increased each year.

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