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Check out Wire’s pitch from Techstars Seattle Demo Day in October here:

Central State-owned enterprises of China are stimulating job markets of economies involved in the Belt and Road Initiative, as a growing number of them are enhancing their employment mechanisms aside from increasing job opportunities, an industry report reveals.

Case in point: Ride-sharing－a transportation revolution that took the Chinese mainland by storm but also caused a huge headache for policymakers.

Cao Fuguo, a professor with the Central University of Finance and Economics, suggested that a market-oriented mechanism was necessary to evaluate the risks and returns of the projects, including encouraging participation of third-party financial service institutions and credit ratings agencies.

Central SOEs have made headway in cutting outdated capacity, reining in debt risks and improving competitiveness. Given the favorable conditions, more effort is needed to cut the debt level of SOEs and a guideline will be formulated, according to the meeting.