Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Info

Jia Kang: Supply-side structural reform is intrinsically connected with nature of B&R

November 29, 2017


Abstract : The supply-side structural reform is intrinsically connected with the win-win nature of the Belt and Road Initiative, according to Jia Kang, renowned economist and former director of the Research Institute for Fiscal Science under China’s Ministry of Finance.

GUANGZHOU, Nov. 29 (Xinhua) -- The supply-side structural reform is intrinsically connected with the win-win nature of the Belt and Road Initiative, according to Jia Kang, renowned economist and former director of the Research Institute for Fiscal Science under China’s Ministry of Finance.

Jia made the comments when delivering a speech at “the 21st Century Maritime Silk Road Forum” on International Communication and Chinese (Guangdong) Companies Going Global held in Zhuhai on November 29, 2017.

“The supply-side structural reform has improved the quality and efficiency of the entire supply system, unleashed the potentials of all economies and emancipated the productivity, so it’s intrinsically connected with the win-win nature of the Belt and Road Initiative,” Jia said.

Jia pointed out that to let peoples in the countries along the Belt and Road feel beneficial, the first step is to push forward infrastructural construction.

For now, a huge amount of capital is needed for the purpose. The capital can be provided through various channels to strengthen the construction of the reticular system and nodes such as logistics parks, free trade zones, development zones and emerging industries, and to develop projects in education, medicine, culture and entertainment sectors that have a high relevance to people’s life, Jia said.

To deal with the limits of financing, great importance should be attached to innovation in the Public-Private Partnership (PPP) mechanism, Jia added.

He noted that after a few year of development of the PPP scheme, both state-owned companies and private companies in China have achieved win-win results in some projects and the mutual benefit among companies will soon extend to the government level.

Moreover, innovation in financing will drive innovation in management mode in China and other countries along the Belt and Road to form the mechanism of government, company and special institution with the effect of 1+1>3.

(Contributed by Yang Qi, kateqiyang@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Zhuhai-Forum

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial