China targets double exports of equipment in major fields by 2020, report

   BEIJING, Dec. 16 (Xinhua) — China has short-listed 45 countries as targets for its equipment “going out” projects and aims to double exports of equipment in major fields by 2020, the Xinhua-run Economic Information Daily reported on Wednesday.

Meanwhile, major capacity cooperation projects will make significant progresses with several overseas demonstration bases to be established and a batch of internationally competitive enterprises to be fostered, said the report.

According to the report, the National Development and Reform Commission, China’s top economic planner, made surveys on more than 60 countries and finally fixed the 45 countries for production capacity cooperation with China’s surrounding countries as “main axle”, Africa, the Middle East and the Central and Eastern European countries as “west wing” and Latin American countries as “east wing”.

The equipment “going out” projects will be promoted in electric power, railway, iron and steel, nonferrous metals, building materials, chemical, textile, automobile, telecommunications, engineering machinery, aerospace, shipbuilding and marine engineering fields. Enditem

 Editor  Xuefei Chen Axelsson 

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