Against the backdrop of anti-globalization rhetoric, this paper summarizes our joint book entitled Going Beyond Aid (Lin and Wang, 2017a) and discusses the prospects for development finance in the broad context of Belt and Road Initiative (BRI). Based on the New Structural Economics (Lin, 2010; 2011), here we focus on China’s demonstrated comparative advantages in infrastructure, e.g. in hydropower and high-speed railways (HSR). In addition, long-term orientation (LTO) and patient capital are latent comparative advantages that many Asian economies possess, and are critical for the Belt and Road Initiative. Only if these comparative advantages are utilized can these economies cooperate to potentially achieve win-win.

Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment growth performance has varied significantly across different regions, however. This paper examines the evolution of investment growth in six EMDE regions, documents remaining investment needs, especially for infrastructure, and presents a set of region-specific policy responses to address these needs. It reports three main findings. First, investment growth has been particularly weak in EMDE regions hosting a large number of commodity exporters. In regions with a substantial number of commodity-importing economies, investment growth has been somewhat resilient but has also declined steadily since 2010. Second, sizable investment needs remain in most EMDE regions to make room for expanding economic activity and rapid urbanization. A large portion of these investment needs is in infrastructure and human capital. Finally, while specific policy priorities vary across regions, several policy options to address remaining investment needs apply universally. These include more, and more efficient, public investment and measures to improve overall growth prospects and the business climate. Improved project selection and monitoring, as well as better governance, may enhance the efficiency and benefits from public investment.

The study looks into how governance qualities of decentralized governments mediate the impacts of decentralization on development. Based on a set-oriented approach, the study analyzed data from a nation-wide survey conducted with business managers from all provinces in Indonesia, and found evidence that, despite the country’s uniform decentralization reform, individual provinces exhibited great variation in the qualities of their various physical and institutional infrastructures. Notably, these qualities assumed nested relations, with order and security as well as accountability and rule of law seemingly being the preconditions of basic infrastructure provision as well as local governments’ coordination. Moreover, business investment decisions (measured as staff expansion and product innovation) were found to vary with some specific combinations of these infrastructural conditions. The result provides evidence supporting the argument that both physical and institutional infrastructures are instrumental to realize the supposed benefits of decentralization and supports the recent call of the literature to look into the political-institutional complex in the process of decentralization reform.

Nowadays, our life needs more and more electricity, and our lives cannot be without electricity, which requires our power to develop more quickly. Power plants are undoubtedly the place where electricity is produced. And now most of the power plant or chemical energy can be converted into heat, and then through the heat to do power production. The boiler is the main part of the power plant. Boiler unit consists of boiler body equipment and auxiliary equipment. The main body of the boiler consists of 'pot' (soft drinks system) and 'furnace' (combustion system). Baotou thermal power plant is mainly burning gas. The gas and air are at a certain rate into the furnace burning. This can greatly reduce the pollution of the environment, but also the full use of fuel. The soda system is mainly carried out in the drum. The heat generated by the combustion system heats the water in the drum, producing steam and then pushing the steam turbine into mechanical energy and finally into electrical energy. This has a high demand for water level, water composition, and the temperature of the steam produced in the drum. The water level should have upper and lower bounds, keeping it within a certain range. Water level is too high, will affect the steam drum soda separation effect, so that the steam drum exports of saturated steam with water increased, causing damage to the turbine, will cause serious explosion. And the water level is too low, it will affect the natural circulation of the normal, serious will make the individual water pipe to form a free water, resulting in flow stagnation, resulting in local metal wall overheating and burst pipe. Water in the heating at the same time will form a lot of scale, if not the chemical treatment of water will be in the formation of scale in the drum, cleaning more difficult, so the damage to the drum. The pressure of the drum is also an important control variable, and pressure control is highly correlated with liquid level control. It is necessary to ensure the integrity of the equipment, but also to ensure safety, followed by ensuring that the process of normal operation of the drum water. This time, the design is mainly for the unit steam temperature control system design. Steam temperature is one of the important indicators of boiler operation quality. It is too high and too low will significantly affect the power plant safety and economy. If the temperature of the steam is low, it will cause the power plant to increase the heat consumption and increase the axial thrust of the turbine to cause the thrust bearing to overload, but also cause the steam turbine to increase the final steam humidity, thus reducing the efficiency of the turbine, aggravating the erosion of the blade. On the contrary, the steam temperature is too high will make the super-heater wall metal strength decreased, and even burn the high temperature of the super-heater, the steam pipe and steam turbine high-pressure part will be damaged, seriously affecting safety. The boiler temperature control system mainly includes the adjustment of the superheated steam and the reheat steam temperature. The superheated steam temperature is the highest temperature in the boiler soda system. The stability of the steam temperature is very important for the safe and economical operation of the unit. Therefore, in the boiler operation, must ensure that the steam temperature in the vicinity of the specified value, and the temperature of the super-heater tube wall does not exceed the allowable working temperature.