Abstract
International Capacity Cooperation China proposes a new model of international economic cooperation, which is of great significance for promoting China’s surplus capacity transfer and industrial transformation and upgrading. It is an inevitable choice for China to respond to changes in the global industrial chain. This paper uses the “geese line model” theory to explore the opportunities and challenges of China-Africa international capacity development. The study finds that the scale of China-Africa capacity cooperation is expanding, and China’s foreign implementation of the “flying geese model” drives the economic development of underdeveloped countries in Africa. The status quo of non-capacity cooperation: at present, the cooperation mode between other countries and Africa poses a challenge to China-Africa international capacity cooperation. China-Africa industrialization cooperation and other cooperation have not been coordinated, and Africa is hard to bear the large-scale capacity transfer in China in the short term. This is the challenge of capacity cooperation between China and Africa. Therefore, China-Africa capacity cooperation must consolidate the foundation of sustainable development of China-Africa relations, and at the same time strengthen infrastructure construction to help economic and trade development, and jointly improve the development of the service industry, build Chinese business cards, and enhance corporate brands. Looking into the future, China-Africa capacity cooperation model has two directions: first, to build industrial parks, to undertake labor-intensive industry transfer; second, African countries to upgrade infrastructure through China-Africa Industrial Park.
Highlights
The “Belt and Road Initiative” initiative plans new ideas for China’s opening up to the outside world, builds an important platform for expanding international exchanges, and forms an important mechanism for China’s wider participation in global economic governance
International Capacity Cooperation China proposes a new model of international economic cooperation, which is of great significance for promoting China’s surplus capacity transfer and industrial transformation and upgrading
The study finds that the scale of China-Africa capacity cooperation is expanding, and China’s foreign implementation of the “flying geese model” drives the economic development of underdeveloped countries in Africa
Summary
The “Belt and Road Initiative” initiative plans new ideas for China’s opening up to the outside world, builds an important platform for expanding international exchanges, and forms an important mechanism for China’s wider participation in global economic governance. Africa has historically been a natural extension of the “Maritime Silk Road” and is currently the most concentrated area of developing countries in the world. China and Africa have maintained close political ties, economic and trade relations have developed rapidly, and coordination and cooperation in international affairs have been increasingly strengthened. With the continuous deepening of China-Africa capacity cooperation, the “One Belt, One Road” initiative will help China to develop its wilderness model, transfer production capacity, and promote the transformation and upgrading of Chinese enterprises. China and Africa will make better use of their comparative advantages to create economic development. The complementary effects, the more comprehensive promotion of common development and the goal of achieving common prosperity have profound implications [1]
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