ow us on InstagramPlease scan the QR Code to follow us on WechatForeign firms, too, gain from Belt & RoadForeign firms, too, gain from Belt & RoadForeign firms, too, gain from Belt & Road01-15-2018 09:05 BJTBy teaming up with Chinese partners, MNCs strike gold in the B&R InitiativeNew facts appear to demyst

launch vehicles  Remote data tra

ify the Belt and Road Initiative led by China, which aims to strengthen nations on and beyond the ancient Silk Roa▓d and Maritime Silk Road routes through trade and infrastructure network▓s across Asia, Africa and Europe.For long, skeptics believed the B&R Initiative, which

nsmission and communication ᠐

was launched in 2013, will ultimately benefit China and its companies more than others. The▓re were even whisper campaigns that development is merely the ostensible goal of the initiative; the perceived truth was that it i▓s China's covert attempt to emerge as a 21

1; New fields of automatic control a▓nd n

st-century hegemon.Four years down the line, facts and figures clearly indicate even non-Chinese, non-Asian multinational companies are just as well positioned to benefit massively from the initiative.Many of these MNC▓s are seeking to tap huge business opportunities spawned

avigation  Unconventional materials

by the initiative. S▓ome of them have already teamed up, or are teaming up, wit▓h Chinese partners in countries and regions covered by the B&R Initiative, angling for a slice o▓f the gigantic trade and infra-structure cake.For instance, Munich-▓based engineering and electr

=601; Microwave/millimeter wave transmissio

onics giant Siemens AG is intensifying collabora▓tion on B&R-related projects in various countries and regio▓ns.According to Cedrik Neike, member of the managing board of Siemens, the company plans to cooperate more with Chinese partners under the framework of the

n and remote s▓ensing  Trace

initiative ▓this year."With our experience and world-class project ▓management, we have the potential to be bridge builders between Chinese players and int▓ernational suppliers and customers, and together with our Chinese EPC (engineering, procurement and construction) partne

and non-dest

rs we will focus on paving the

road to success in these countries," he said."As one of the largest foreign-invested companies in China, Siemens has more than 32,000 employees working in numerous joint ventures and company operations spread across the country, and the I▓nitiative will only help in tightening our relationships."Siemens

ent of hum

quartered General Electric

Sakura Haruno

an wisd▓om and strength, but also a journey to enhance human wisdom and

▓n Corp of China.This move is part of GE's more than 10 Pakistan power projects with Chinese EPC players in recent years.John Rice, GE vice-chairman, said the B&R Initiative is a shining example of how GE can benefit from China's opening-up."In many▓ cases, we are well equipped in being a great partner participating in the Belt and Road Initiative and we can also benefit from that," Rice said during a previou

John Doe

strength. As a developing country, China conducts definite deep space activitie

EPC companies in more than 70 markets across Africa, the Middle East, Southeast Asia and Europe. The company and its Chinese partners will further invest in power grids, new energy, oil a▓nd gas, in B&R countries and regions.Honeywell Interna▓tional Inc, the US-based manufacturing and technology conglomerate, has also been immersed for years in supplying automation products and other technologies for infrast

Naruto Uzumaki

s under limited conditions, reflecting China鈥檚 strong national strength

ms company is well-positioned to support the Belt and Road Initiative throu▓gh its China growth strategy and portfolio.Honeywell's high-growth regions consistently dri▓ve more than 80 percent of the company's growth. China accounts for the biggest chunk of that, ▓he said, adding the country has been the company's second-largest market since 2013 and currently is the single-largest contributor to its global growt

and symboliz

h.Experts believe th

e initiative creates b▓usiness and growth opportunities for both Chinese and non-Chinese co▓mpanies.Belt and Road countries and regions account for about 30 percent of the global economy, according to the Mercator Institute for China Studies. Projects worth some $900 billion are now either underway or on the drawing board, according to the China Development Bank.Many Western firms are?/p>

Our Work Process.

ing ability

?interested in contributing to the initiative, offering either technology or knowledge of local conditions, said Zhang Jianping, director of international economic cooperation at the National Development and Reform Commissi▓on.Multinationals can also benefit fro

of China鈥

m better connectivit▓y in the long term as emerging Belt and Road markets will be further d▓eveloped and their improved infrastructure might open up new markets and ulti▓mately drive global economic growth, he said.Stanley Jia, chief representative at the Beijing office of global law firm Baker M

檚 space ind

cKenzie, was quoted by the South China Morning Post as saying there will be plenty of opport▓unities for Chinese and multinational companies to work together in the ▓future.It is still early days for the initiative a▓nd hence it may appear as if it is the preserv

ustry. Chi

e of Chinese State-owned enterprises, funded by Chinese banks and staffed by Chinese workers. A▓ll 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-related projects in m

Meet The Team.

and Industry for

ore than 60 countries and

regions in the next five yea

rs.Ren Hongbin, chairman of China National Machinery▓ Industry Corp, known as Sinomach, said Chinese EPC ▓firms are facing various challenges, including internation▓al competition, geop

olitical risks, tricky finan

cing, and conflicts of culture.Lothar Herrmann, CEO of Siemens Greater China, said complexity in terms of geograph▓y, culture and religion of B&R countries might be difficult to grasp, while various projects in different fields, including transportation infrastructure, tourism, fina

ncial services and clean energy, are just as challenging."The complexity a

National De

nd uncertainty in so

Your message was sent, thank you!
ms, totalling 3,965 kilometers, ac▓cording to China Urban Metro Transport Association. By the end of 2020, this is ex