Abstract: At present, China is facing the dual pressure of domestic economic transformation and international economic transformation. To maintain sustainable, healthy and stable economic development, we must develop an open economy at a higher level, while international capacity cooperation has become an innovative alternative model for outbound investment in a new era. In accordance with the requirements of developing an open economy in the new era put forward by The 19th National Congress of CPC report, this paper, taking “the Belt and Road” as the background, redesigns the mode, mechanism and path of promoting international capacity cooperation. The new model of international capacity cooperation should be led by the creation of international capacity cluster transfer, take resource integrated overseas industrial parks as platform and diversified enterprise alliance as the driving force; a new mechanism for international capacity cooperation requires the establishment of a normative and binding mechanism, a multi-level coordination mechanism, a risk prevention and benefit evaluation mechanism, and a financial and comprehensive security mechanism; the path of international capacity cooperation should be based on the establishment of new models and mechanisms to promote the overseas implementation of key capacity projects, open up channels for international capacity cooperation and build a global operation system for Chinese enterprises, and lay out the international capacity cooperation network in the new era.

Key words: New Era, international capacity cooperation, the Belt and Road