reates business and growth opp

ortunities for both Chinese and non-Chinese companies.Belt and Road countr▓ies and regions account for about 30 p

State-owned enterprises, funded by Chinese banks and staffed by Chinese workers. All that will change sooner rather than later, he implied.According to the law firm, Chinese companies and their partners could together pour some $350 billion into Belt and Road-rel

ercent of the global

ec▓onomy, accord

ing to the Mercator Institute for China Studies. Projects worth some $90▓0 billion are now

ated projects in more than 60 countries and regions in the next five years.Ren Hongbin, chairm▓an of China National Machinery Industry Corp, known as Sinomach, said Chinese EPC firms are facing various challenges, inc

either underway or on the drawing board, according to the China Development Bank.Many West

luding international competition, geopolitical risks, tricky financing, and conf▓licts of culture.Lothar Herrmann, CEO of Siemens Greater ▓China, said complexity in terms of geography, culture and▓ religion of B&R cou

ern firms are inte

rested i

n contributing to the initiative
, offering either technology o

ntries might be difficult to grasp, whi▓le various projects in different fields, including transportation infrastructure, touri

r knowledge of local conditions, s
aid Zhang Jianping, director

sm, financial services and clean energy, are just as challengi▓ng."The complexity and uncertainty in some regions have made it im

of intern

ational economic coopera

tion at the National Developme

perative for companies to adapt to the local environment with the highest flexibility," he said. "But focus must remain on adding value to the loc

nt and Reform Commission

.Multinationals can also benef

al customers and local people."Please scan the QR Code to follow us on InstagramPlease scan the QR Code to follow us on WechatTop five Chinese cit