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Is China transferring its backward overcapacity to the outside world through the B&R?

Updated: April 23, 2019 Source: Belt and Road Portal
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“Overcapacity” cannot be transferred, while only relevant technologies can be transferred. If these technologies can boost the economy of the recipient countries, the transferring is beneficial rather than detrimental. During its long-term development, China has gained a lot of experience in infrastructure construction, which represents China’s real core competitiveness and is exactly urgently needed by the B&R participating countries in their development. In a highly-open international market, Chinese enterprises are faced with intense competition from both local enterprises and international counterparts in countries they invest. There is no market for excess and backward capacity and only high-quality production capacity can stand out.

Editor: 刘梦