Best Projects 2019 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Administration Bank Company Partnership Policy Revolution (ABC4U)
Explain your project in details:
ABC4U is a policy revolution advocacy project that involves an Administration, supported by a Bank, and actualized by a Company to improve the infrastructure in poverty area. Installation of infrastructure may bring more benefits than pure cash does to the residents of an impoverished area. In most poor areas, even if the residents have enough money, they still cannot obtain services that are only available to the urban areas. However, since the construction of infrastructure may cost a large amount of capital investment, which causes a great deal of pressure on the local government to finance. Furthermore, most impoverished areas lack investments from the outside because of their remote location and inefficient transportation systems. After the upgrade, these areas may show higher potential for industrialization or urbanization. The land would be large in size, low in cost and have relatively low traffic barriers, which are perfect for industrial factories. The administration would apply a quantitative approach to demarcate some of the impoverished areas for future investment and growth. To incentivize the investments from companies, we advocate the government may offer two benefits to the companies. In China, most banks are national enterprises and have strong ties with the administration. When the government is trying to promote a policy, the banks will always play an important role by offering financial help. In this case, the construction of infrastructure will cost a large amount of money, which would be unaffordable for any investing company, and as such, a bank loan would be extremely necessary. Even if the banks lower the interest rate on loans, each percentage for the billions would still bring them considerable profits. In return, the companies that choose to invest in the impoverished areas must meet the infrastructure goals set by the administration in a timely manner.
Impact of your enterprise on sustainable development
I will discuss the impact of my idea with four aspects. For A "the Administration": Plan ABC can directly tackle the poverty problem. The infrastructure such as schools, hospitals, highways may bring immediate benefits to the residents. Compared to the way that traditional infrastructure is fundraised through, Plan ABC may cause lower pressure on the governments finances by easing the fiscal deficit. In addition, after the construction, an area with modernized infrastructure will attract more outside investments in the future and appease a large part of the local poverty problem. The future commercial companies may also hire the residents as employees, which may solve the employment issue simultaneously. For B "the Banks": Plan ABC can bring them more loans both in size and quantitatively. Even if they lower the interest rates, billion dollar loans can still bring them massive profits. For C "the Companies": Plan ABC can help them buy the land at a lower price to reduce their capital costs. Furthermore, the lower taxes in the future may also bring them greater profits and the urban infrastructure can also benefit the companies. For example, traffic systems can yield an express public transportation system, local hospitals can grow by looking after the health of the new employees, and the local residents can be one of the main resources of employment. For the residents, their lives would be greatly changed. The infrastructure will improve the quality of their lives and new jobs in the companies may bring them more take-home income. The employees in the companies can power local economic development by consumption and help produce more food on the farms.
Sustainability and future plans
I plan to use the specific advisory system in China. I will talk to a deputy on the National Peoples Congress and introduce my idea on poverty alleviation. If my advice is feasible, the deputy may advise it on the National Peoples Congress. After the vote by the deputies, the congress may decide to adopt it or not. If it is finally adopted, it can be popularized to all impoverished areas in China and help local residents tackle the poverty issue. In this plan, the administration can reduce its financial expenditure and promote more poverty policy at the same time. The infrastructure can be maintained for a long time as there would be no additional large expenses for the government after proper installation has completed. To banks, the loan can bring them enough revenue to keep their capital systems working and gain interest benefits from the investments. For the companies, they can lower their capital costs and earn more profit in the future due to the tax break and incentives provided by the government. Ultimately, the infrastructure they construct may also benefit them in many ways. The residents can utilize modernized infrastructure, which may give them potential and hope for better living standards. The residents may earn more income in new ways, like working in the factories, or selling agricultural products. With infrastructure and cash, the poverty problem can be solved thoroughly. The plan is sustainable in all these four aspects.
Your profile as an entrepreneur
My name is Shuai Yuan, a high school student in China. I grew up in Shenzhen, a southern city of China. Thanks for the Reform and Opening Policy, my hometown has transformed from a fishing village to a modern city. It is a huge achievement in Chinese economical history and, because of the development, I grew up in a city with infrastructure that was complete and well-developed. During my childhood, I took well-funded schools, advanced hospitals and flat roads for granted. However, a trip to Jian completely woke up my mind. Ji An is an extremely poor area in the Jiangxi province of China. There are no ordinary schools, no advanced hospitals, not even a single road without potholes, all of which were most normal in my daily life. They had to drive miles away to obtain an easy surgery. The children there lacked proper education. There were only two teachers in their only school. Some of students were too poor to afford their academic fees, so they had no choice but to quit, and started to do farm work with their family even though they had a lot of academic potential. The situation there left a deep impression on me. I could not imagine a life I had, even was bored with, did not exist for millions of people dreaming about it. Even with the great economic development of China in past few decades, there are still millions of people suffering from hunger, disease and poverty. After my return, I could not stop thinking about the depressing situation and I really want to do something for them. I plan to spend my future years studying Chinese poverty policies and visiting different poverty areas in order to figure out the most effective ways to help these poverty-stricken areas.