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China's industrial park model helps Ethiopia upgrade its economy
Seetao 2023-08-17 14:51
  • The development zone, or industrial park model, is considered by many to be one of China's most successful experiences
  • The industrial park has become a bright spot for Chinese enterprises to gather investment in Africa and a major demonstration project for Ethiopia's industrial economic development
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With the advancement of the industrialization process of African countries, the industrial parks assisted by China are playing an important role in the economic and social development of Africa. The Oriental Industrial Park in Dukam, Ethiopia, as China's first national overseas economic and trade cooperation zone in the country, not only witnessed the in-depth development of China-Ethiopia practical cooperation, but also created a large number of local jobs, helped industrial transformation and upgrading, and promoted economic growth, and was welcomed by the local people.

China's ongoing supply-side reform will release some manufacturing development opportunities for countries along the Belt and Road. Many countries along the Belt and Road are difficult to fully roll out economic development because of their limited national financial capacity. Therefore, in view of specific comparative advantages, it is the best choice for these countries to select specific regions to concentrate resources on infrastructure and business environment construction, and then transform comparative advantages into competitive advantages, and finally drive comprehensive economic development. China's rich experience in industrial park construction and economic transformation is of great value to these countries along the Belt and Road. Editor/Xu Shengpeng


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