Launched by President Xi Jinping in 2013, China’s Belt and Road Initiative (BRI) aims to further open up land and sea connections with the rest of the world and encompasses over 65 countries.
China has estimated its total investment value at USD890bn. This will entail significant capital financing needs which banks can help facilitate.
UK businesses are well-placed to benefit from this huge investment. From technology to professional services, UK expertise can play a key role in making the Belt and Road vision a reality. Implementation is also bound to drive bigger trade and investment flows – and promote the use of RMB still further.
National Bureau of Statistics, Feb 2016