BRI NEWS South-South cooperation will help global resources allocation

BRI NEWS

South-South cooperation will help global resources allocation

By Dong Feng | People's Daily

13:02, May 22, 2018

South-South cooperation will help different countries align with each other on policies for resources allocation, a scholar said at a media interview in Beijing on May 21. 

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Cai Esheng, chairman of Hong Kong-based Finance Center for South-South cooperation at Tsinghua University, addresses the South-South Education Program for Economics and Finance for 2018. (Photo: Dong Feng/People's Daily)

“The Belt and Road initiative and the South-South cooperation are both important approaches to achieving the goal of sustainable development. Globalization, sustainable growth and shaping up a shared human destiny are part of the basic strategy in the new era, given developing countries have reached a shared concept on development and cooperation,” Cai Esheng, chairman of Hong Kong-based Finance Center for South-South cooperation at Tsinghua University, stressed. 

South-South Education Program for Economics and Finance provides a platform for delegates to enhance the mutual understanding, respect and trust among South and South countries, aiming to transcend the cultural barriers by cultural exchanges, Cai continued. 

The program has invited Chinese scholars and bankers to share their experiences in China's financial development with delegates from South and South countries. 

Since 2016, the program has attracted 50 delegates from 30 countries and regions, and maintained sound interaction and communication after group studies. 

Besides lecture sessions, the program also organizes delegates to visit some Chinese companies to learn more about the country’s opening-up progress, so that the conversation among delegates continues. 

Although China's per capita income is still lower than that of many developed countries, the rapid development over 40 years from the reform and opening-up policy has made China a leader in promoting South-South cooperation, Wang Xiaojun, deputy head of the South-South Cooperation Office of the UN told Xinhua News Agency on May 19.

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