Chinese Think Tank proposes ways to realize win-win cooperation under B&R Initiative

In a recent report on how China can better enhance its cooperation with international organizations like WTO and IMF under the Belt and Road (R&R) Initiative, the Center for China & Globalization (CCG), China’s leading Think Tank on global governance, globalization as well as human rights, suggested that the country set up a union of international companies and establish a capital pool under the initiative.

As countries along the Belt and Road and international financial organizations including IMF, Asia Infrastructure Investment Bank (AIIB), African Development Bank and The European Bank for Reconstruction and Development (EBRD), will have broad cooperation in terms of infrastructure construction, more efforts will be needed on many aspects during the process.

Setting up an international compa​nies’ union joined by companies from countries along the Belt and Road will help members organize forums concerning specialized sectors such as manufacturing, investment, partnership and so on.

In terms of establishing an international capital pool, it can help guarantee enough capital sources for projects under the B&R Initiative.

While the current capital sources for the B&R Initiative include the Silk Road Fund, AIIB, the BRICS Development Bank, and the Shanghai Cooperation Organization Development Bank, a lot of social capital is also welcomed by the B&R Initiative.

So far, China has founded 56 industrial parks in B&R countries, which has not only helped the internalization of China’s domestic companies, but also promote the legislation and economy of the industrial parks in the host countries.

In addition, China’s booming online business will also play a significant role in promoting the B&R Initiative. It will help boost commodity circulation between China and related countries, which will directly benefit many small and medium sized companies and enhance the  development of online business in these countries.

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