Prospects along BRI set to rise this year
Print Edition
ECONOMIC opportunities along the Belt and Road are expected to increase this year as more Chinese firms step up overseas expansion, a report from global audit and consultancy firm Deloitte showed.
The Belt and Road Initiative is writing a new chapter of deepening investment and trade while Deloitte believes the initiative will be of increasing significance in 2018.
“A growing number of countries and organizations are actively involved in the initiative, promoting its deep development across the globe. The initiative now looks beyond infrastructure projects, expanding to other diverse industries and sectors in destination countries,” said Norman Sze, Belt and Road Services China leader with Deloitte.
While Chinese state-owned enterprises took the lead in the BRI’s early stages, more private and foreign-funded companies are now taking part. Traditional and emerging industries are expected to see new opportunities in international industrial capacity cooperation, he said.
“The Belt and Road Initiative is shaking off geographical limitations and creating a new platform for ‘win-win’ results through discussion and collaboration,” Sze added.
The report estimated that Internet companies, led by Baidu, Alibaba, and Tencent, will play pivotal roles in outbound investment, transforming “Made in China” from cheap commodities to innovative products.
Projects in AI and biotechnology will be heavily favored, the report showed.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
