秒速飞艇官方网_BRI to bring huge benefits for nations
- 来源:淤青的博客 - 专注共享松果娱乐网资源
Investment cooperation to open new growth avenues for participating firms
Investment cooperation under the Belt and Road Initiative is close to fulfilling its potential of bringing huge mutual benefits, with better understanding and communication set to create more growth opportunities for participating companies in the growing trade, experts said.
"Chinese investment in the BRI economies is expected to register steady growth this year and may even accelerate, as the initiative has become more mature and gained support and positive attention from the international community," said Li Qiang, regional co-managing partner of Asia at global law firm DLA Piper.
For instance, Italy has joined the initiative as the first member from the Group of Seven, the seven largest developed economies in the world, signaling the rising power of the initiative, Li said. China has also recently signed a memorandum of understanding with the United Kingdom to carry out infrastructure cooperation in third-party economies, including those involved in the BRI.
Proposed by China in 2013, the BRI has boosted investment cooperation across Asia, Europe and Africa. From 2013 to 2018, Chinese corporates' direct investment in economies involved in the BRI exceeded $90 billion, with an average annual growth rate of 5.2 percent, said data from the Ministry of Commerce.
These Chinese investments, with a focus on transportation and communications infrastructure, have been win-win stories and helped the host economies enhance efficiency of all kinds of economic activities, Li said.
BRI has helped participating companies gain new markets, elevated international brand awareness, and created a solid foundation for Chinese enterprises to do business in global markets, Li said.
For Chinese companies, their ability to communicate with local communities - which is critical for fluent project implementation - has also gradually improved, according to Li.
"But there is still much to be done," Li added, citing it is important for Chinese companies to conduct efficient communication with the local communities, especially clarifying the purpose of investment and clearing other doubts.
It is advisable for Chinese companies to partner with international consultants with a strong local presence, such as investment banks and law firms, Li said. "This could help Chinese companies better comply with international and local rules, as well as deliver a transparent image to local communities."
Alan Wang, partner at Freshfields Bruckhaus Deringer LLP, a multinational law firm headquartered in London, shared similar views.
The BRI is a long-term initiative with huge potential of bringing mutual benefits, while at present "both Chinese companies as well as host country partners are in the process of getting to know each other better and are working together to find better ways to achieve mutual benefits," Wang said.
Wang specified the need for Chinese companies to better understand business environments in the host economies, where laws, politics and customs can be very different from those in China.
Based on those understandings, Chinese companies should undertake more robust long-term commercial viability assessment before embarking on investment projects, bearing in mind risks brought by political change, labor and safety laws, capital controls and other factors, Wang said.
"As Chinese companies continue to mature, we foresee Chinese investments in economies taking part in the BRI will keep growing this year and beyond, particularly through greenfield infrastructure projects, such as energy and mining, and the consumer products sector," Wang said.
"These are sectors where Chinese companies have the relevant construction or manufacturing expertise, which are complementary to the need for investments in infrastructure and growing consumer population in economies participating in the BRI, such as in Southeast Asia and Africa," said Wang.
"As Italy and certain countries in Central and Eastern Europe have also signed up to the initiative, we expect to see more Chinese investments into these countries as well," Wang added.
During the first five months, Chinese companies' direct investment in nonfinancial sectors of economies involved in the BRI reached $5.63 billion.
来源：七丽老婆网2017-11-2008:19:37 热浪滚滚来袭，早上出门时的水嫩肌肤不小心就变成被太阳晒成红肿的流汗肌，常常我能 头痛不已。夏天秒速飞艇官方网址你的肌肤