Economy
22:13, 17-Mar-2019
B&R industrial parks yield remarkable achievements: report
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Construction of overseas industrial parks creates strong momentum for cooperation under the Belt & Road Initiative, said a report by the China Economic Information Service.
Chinese enterprises have participated in building economic and trade cooperation zones in the countries along the Belt and Road (B&R), it said.
The report mentioned the China-Belarus Industrial Park, China-Malaysia "Two Double-Park" and China-Egypt Suez Economic and Trade Cooperation Zone as role models in cooperation between China and other B&R countries.
Chinese enterprises invested 15.64 billion U.S. dollars in non-financial sectors in B&R countries in 2018, up 8.9 percent year on year, accounting for 13 percent of the year's total non-financial direct investment.
Construction of overseas industrial parks is market-oriented and meets development needs and markets demands, the report added.
China has built a series of overseas agricultural cooperation zones in Central Asia, South Asia and Africa to help local farmers with their production activities, it added.
Source(s): Xinhua News Agency