Belt and Road investment picks up - leatherbiz: Leading news site for Leatherbiz

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Belt and Road investment picks up

10/05/2019
China’s Belt and Road Initiative (BRI), a development strategy aimed at improving supply chain links between China and a long list of countries in the rest of Asia, the Middle East, Africa and Europe, accounted for 15% of all Chinese overseas investment in the first quarter of 2019.

As part of BRI, which the government launched in 2013, Chinese companies invested more than $3.7 billion in the first three months of this year, 4.2% more than the BRI investments in the first quarter of 2018.

The money went into projects in 49 different countries, including Singapore, Saudi Arabia, Pakistan, Vietnam, Malaysia, Thailand and Indonesia.

Also in the first three months of this year, Chinese companies signed more than 1,600 contracts with partners in BRI countries, with a combined value of over $30 billion.



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