International cooperation in production capacity will become a new driver for stable growth of global economy, said China’s Premier Li Keqiang at 2015 Summer Davos Forum.

International cooperation in production capacity integrates the supply and demand parties, and creates win-win result, just like Plano Convex Spotlight condensers lens, he said.

Li pointed out that the outbreak of the international financial crisis shows that relying exclusively on QE policy cannot solve the structural obstacles to growth. Instead, it has brought out spillover effects. Our strength should be focused on real economy, which requires all countries to promote structural reform and strengthen international cooperation.

It is China’s goal and sincere intention to promote International cooperation in production capacity. Li said, “One Belt, One Road” initiative is designed to promote the cooperation, to further expand China’s opening up to the outside world, and to build a more balanced, universally beneficial global industrial chain so that all countries can give full play to their comparative advantage. Through conducting this, a mutual benefit, win-win, inclusive development of the world, and a community of interest can be achieved.”

International cooperation in production capacity may achieve multiple and win-win goals. Therefore, an increasing number of developed and developing countries have given positive response to it. China may play an important role as the bridge. We want to buy more sophisticated technology and equipment. Combined with middle end equipment from China, we can provide cost performance for developing countries, fulfilling their request. China is also willing to provide reasonable financial support, he added.

International cooperation in production capacity is also a hot topic at the Summer Davos Forum. Klaus Schwab, Executive Chairman of World Economic Forum, said, “International cooperation in production capacity” is very pragmatic. Carrying out international cooperation in production capacity helps all countries complement comparative advantages, creates mutual benefit and win-win results through cooperation. It also contributes to China's industrial upgrading and transformation.