Capacity Building-Oriented Cooperation between China and BRI Countries*
Li Xiaohua (李晓华)
Institute of Industrial Economics (IIE), Chinese Academy of Social Sciences (CASS), Beijing, China
Abstract: This paper identifies the international industrial capacity cooperation led by the Chinese government and participated by Chinese companies under the Belt and Road Initiative (BRI) as “inclusive industrial capacity cooperation with a capacity-building orientation.” BRI cooperation demonstrates brand-new characteristics compared with previous international direct investments in terms of participants, investment areas and results. BRI cooperation aims to enhance local development capacity, promote economic development, increase exports, and improve industrial ecosystems. In the long run, international industrial capacity cooperation under the BRI helps achieve sustainable development in China and BRI countries for multi-win results. Yet risks and challenges also warrant attention and require countermeasures.
Keywords: industrial capacity cooperation, international direct investment, the Belt and Road Initiative (BRI), capacity, inclusiveness
JEL Classification Codes: F21, O14
DOI: 1 0.19602/j .chinaeconomist.2020.03.02