国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China eyes 'capacity exports' to sustain growth

(Xinhua) Updated: 2015-05-19 09:05

BEIJING - China is pushing for exports of industrial capacity, a new economic dynamic.

Chinese Premier Li Keqiang will witness the signing of several deals on industrial capacity cooperation in Brazil, the first leg of his Latin America tour, said Chen Duqing, a former ambassador to Brazil.

Industrial capacity cooperation generally means that China moves entire production lines to other countries, or sets up factories with local partners abroad.

Zhou Zhiwei, a researcher on Brazil with the Chinese Academy of Social Sciences, said Brazil with its outdated infrastructure and insufficient foreign investment craves an industrial upgrade and China has a huge industrial capacity with relatively advanced technology.

"Industrial capacity cooperation will be a major force in China-Brazil economic ties," said Zhou, predicting that Chinese investment in Brazilian infrastructure will surge.

Li's Latin America visit is part of a broader campaign in which China is selling its under-utilized industrial capacity abroad.

On Saturday, China's cabinet laid out a list of sectors for more capacity cooperation. The expansive list includes automobiles, aviation and aerospace, chemicals, construction materials, electric power, machinery, maritime engineering, non-ferrous metals, railways, shipbuilding, steel, telecommunications and textiles.

"International cooperation is critical for China to sustain medium-to-high GDP expansion as sales of industrial capacity will foster new growth areas," said the cabinet guideline. "It is also beneficial to industrial capacity receivers, most of whom are developing countries and seeking to improve infrastructure and upgrade their industry."

Earlier this month, the cabinet decided to deepen international industrial capacity cooperation, at a time when China is struggling with overcapacity. Too many similar factories are churning out fundamental products including iron and steel, cement and plate glass.

Over the last decade, manufacture of high-end equipment in China, including automobiles, bullet trains, electricity generators, and ships, has increased rapidly and to the extent that China is now a world leader in some sectors.

The current slowdown has hit overall demand, slashed factory prices and manufacturers are having a tough time.

The producer price index (PPI), a measure of the cost of goods at the factory gate, plunged 4.6 percent year on year in April, the 38th straight month of decline.

"The government will work to help Chinese companies 'go abroad' amid the industrial capacity cooperation drive," said the cabinet guideline, promising more tax breaks and cheaper loans.

In the first quarter, non-financial companies from China invested a total of $25.8 billion in 143 countries and regions, up 29.6 percent from the previous year.

The cabinet did not set a target for investment growth, but vowed to make significant progress in major cooperation projects and nurture a number of big companies with global competitiveness.

Hot Topics

Editor's Picks
...
方山县| 江口县| 比如县| 得荣县| 宜城市| 瓦房店市| 景谷| 象州县| 建德市| 莫力| 临沂市| 石楼县| 南溪县| 嵊州市| 渭南市| 六安市| 吴堡县| 金湖县| 横山县| 同江市| 垫江县| 宁河县| 金溪县| 易门县| 静海县| 正阳县| 班玛县| 扎兰屯市| 阆中市| 乌苏市| 新巴尔虎左旗| 肇源县| 从化市| 阿坝县| 沙田区| 清徐县| 富锦市| 句容市| 湖北省| 韶山市| 合川市|