2021-09-21 16:04:05 Exellent Case
The increasing economic and technical capacities of the South and the emergence of a growing group of Southern countries, such as Brazil, China, India, South Africa and the Gulf countries, as influential stakeholders in international economic relations have created important opportunities for South-South development cooperation as a complement to North-South cooperation.
China, as a large developing country with a great deal of development experience, has always been a champion and staunch supporter of South-South cooperation. Yet, despite this commitment, stakeholders in the Chinese Government recognize that the full potential to share Chinese knowledge and experiences with the world, and to bring Southern solutions to China, has not yet been realized. For example, most SSC activities in China are still carried out on a bilateral basis led by the Government with minimal participation of the private sector. Like many South-South initiatives, funds mobilization and utilization efficiency are limited.