Moody鈥檚 positive on 鈥極ne Belt, One Road鈥
Print Edition
China鈥檚 鈥淥ne Belt, One Road鈥 initiative will boost internationalization of the yuan and promote Chinese industries, especially construction and large financial institutions, Moody鈥檚 Investors Services said in a report yesterday.
The initiative, put forward by Chinese President Xi Jinping in 2013, will be a positive one for China as it will improve intra-regional commercial and financial links, Moody鈥檚 said.
It aims to deepen the country鈥檚 integration with about 60 countries in Central and South Asia, the Middle East, and Eastern and Western Europe, by creating an unbroken transport and infrastructure network, the report said.
鈥淭he provision of intra-regional investment and lending will encourage greater international use of the yuan, which is one of the government鈥檚 stated economic reform objectives,鈥 Michael Taylor, a Moody鈥檚 managing director and chief credit officer for Asia-Pacific, said in the report.
The agency said large companies operating in industries such as steel, building materials, maritime transportation, power and construction will benefit most from the initiative, which will help develop new export outlets overseas and address overcapacity issues.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
