B&R pushes Chi­nese, global firms to team up

China Daily (Latin America Weekly) - - Business - By JING SHUIYU jing­shuiyu@chi­nadaily.com.cn

The Belt and Road Ini­tia­tive has al­ready pro­duced sev­eral tan­gi­ble re­sults, which will con­tinue to boost rev­enue growth of both Chi­nese and for­eign com­pa­nies, while im­prov­ing their abil­ity to ex­e­cute big-ticket projects, an ex­ec­u­tive of CITS Amer­i­can Ex­press Global Busi­ness Travel said.

“This grand ini­tia­tive will not only re­ju­ve­nate an­cient trade routes, but also fur­ther open up mar­kets and ac­cel­er­ate eco­nomic in­te­gra­tion on a trans­par­ent, equal and in­no­va­tive ground,” Kevin Tan, vicepres­i­dent and gen­eral man­ager of the travel firm’s China op­er­a­tions, said.

The Belt and Road ini­tia­tive, pro­posed by China’s leader, en­vis­ages in­fra­struc­ture net­works and eco­nomic ties con­nect­ing China to the rest of Asia and to Europe, Africa and the wider world, Tan said.

“It will no doubt drive eco­nomic growth and efficiency, so­cial wel­fare and cus­tomer sat­is­fac­tion in all the coun­tries and re­gions par­tic­i­pat­ing in the ini­tia­tive,” Tan said.

Forty per­cent of com­pa­nies and or­ga­ni­za­tions in the ini­tia­tive’s foot­print have re­ported plans to ex­pand busi­ness travel bud­gets be­cause of the op­por­tu­ni­ties pre­sented by the hu­mon­gous project, Tan said, quot­ing data from the CITS Amer­i­can Ex­press Global Busi­ness Travel 2017 China Busi­ness Travel Barom­e­ter.

“China is on the way to be­come an im­por­tant eco­nomic en­tity in the world and will shape the fu­ture of the global econ­omy to a de­gree that we can cur­rently not yet pre­dict,” Tan said.

Like Tan, many ex­ec­u­tives from multi­na­tional com­pa­nies have a firm be­lief that the ini­tia­tive will pro­vide fresh mo­men­tum to global eco­nomic growth.

A con­sen­sus has de­vel­oped among them that the Belt and Road Ini­tia­tive is “not just China’s ini­tia­tive, but also a global op­por­tu­nity”, he said.

Karel van de Pi­jpekamp, CEO of In­ter­na­tional SOS China, a firm spe­cial­iz­ing in med­i­cal and travel se­cu­rity as­sis­tance, said the un­der­tak­ing has great po­ten­tial for Chi­nese com­pa­nies and for­eign com­pa­nies to work to­gether. He called on MNCs to im­bibe the “phi­los­o­phy” of the ini­tia­tive.

As China’s role on the world stage be­comes more sig­nif­i­cant, the coun­try is mak­ing a con­struc­tive con­tri­bu­tion to global econ­omy, said van de Pi­jpekamp.

Co­op­er­a­tion based on the Belt and Road Ini­tia­tive needs to be grad­u­ally deep­ened, from a sin­gle as­pect to mul­ti­fac­eted ones, Rachel Duan, pres­i­dent and CEO of GE China, said.

A break­through in models of global co­op­er­a­tion would be

XINHUA

An em­ployee works on a ceramic tile pro­duc­tion line at an in­dus­trial park, the first China-in­vested joint ven­ture in­dus­trial park, in Uzbek­istan.

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