In September and October 2013, Chinese President Xi Jinping proposed to jointly build the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road" (hereinafter referred to as the "Belt and Road") during his visits to Central and Southeast Asian countries. A major initiative that has received high attention from the international community.
On March 28, 2015, the National Development and Reform Commission, the Ministry of Foreign Affairs, and the Ministry of Commerce jointly issued the Vision and Actions to Promote the Joint Construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. This marks that the "Belt and Road" is entering a substantive stage. As a national strategy, the construction of "One Belt, One Road" will be beneficial to many industries in China in the medium and long term.
The development of various industries will be affected by national policies. Last year, with the "Belt and Road" being established as China's highest national top-level strategy, developing new overseas markets has become a highlight of China's economy. Among them, China's display products industry, which has suffered from "overcapacity" and "structural transformation", has also stepped up its pace towards the international market, from upstream manufacturers of custom display cabinets to trading companies. Resolving overcapacity is the focus of my country's current and future industrial restructuring, and it is one of the core issues of my country's real economic transformation. To resolve excess capacity, we must have a global vision. Through "going out", we will consolidate and expand the international market and expand foreign investment and cooperation. Carry out resource and value chain integration on a global scale, strengthen investment cooperation with neighboring countries and emerging market countries, and adopt various forms of foreign investment to expand new space for international development.
Many industries with excess capacity have followed our country's proposal of the Belt and Road Initiative and moved overseas to take advantage of the huge local market demand to turn our current solidified production capacity into new investment, which can also stimulate economic growth in these regions, thereby achieving mutual benefits. Mutual benefit. And display supply enterprises will also be one of the industries that benefit.
