​MBA students visit Jiaxing to learn about its economic development

By Zhu Bochen
0 Comment(s)Print E-mail China.org.cn, May 15, 2019
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MBA students of EMI at BNU visit the Yangtze Delta Region Institute of Tsinghua University, Zhejiang on May 7, 2019. [Photo courtesy of EMI, BNU]

A total of 53 MBA students from 31 developing countries visited Jiaxing, a city in northeastern Zhejiang province, for a field study trip from May 7 to 10. The four-day trip was organized by the Emerging Markets Institute (EMI) at Beijing Normal University (BNU). 

In keeping with the Belt and Road Initiative (BRI), the field study trip aimed to improve the students' understanding of China's social and economic development in both poverty-stricken areas and developed cities. The students were also encouraged to put forward suggestions about poverty alleviation and wealth utilization for their home countries based on what they saw. 

During the trip, students visited a local high-tech enterprise, a research institute, labor-intensive industries and an industrial park. The students had the chance to talk with local entrepreneurs about sci-tech innovation, foreign trade, healthcare industry, circular economy and personnel exchange. 

Jiaxing's economy is growing fast. With intellectual support from research centers such as the Yangtze Delta Region Institute of Tsinghua University, an increasing number of high-tech enterprises have gathered in the city's industrial parks such as DEG Sci-Tech. At the same time, local labor-intensive companies such as BioAsia Pharmaceutical Company are seeking to relocate their production lines overseas. 

"China has lifted over 700 million people out of poverty since its reform and opening up in 1970s, so I want to know exactly how it worked in order to take China's experiences as a reference for the economic development of my own country," Kamposa Phiri from Zambia said. 

"As South Sudan was only founded in 2011, I would like the Chinese clothing industry to relocate production to my country. The employment opportunities created would be very helpful to South Sudan's economy. Also, I am impressed by China's effort to support its young generation to pursue careers in the IT industry," added Deng Mareng Akuei Ajou, from South Sudan. 

Shonelle Nadia Clement from Grenada expressed her hope to learn from the agriculture industry in China: "I want young people in my country to see the role that technology plays in adding extra value to agricultural products, as well as improving the resilience of grains and crops to natural disasters."

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