CBBC releases new report to coincide with Belt and Road Forum in Beijing
The BRI vision is becoming a reality, and the Belt and Road Forum for International Cooperation in Beijing over the last two days demonstrates China’s ambition for BRI,
with world leaders, finance and trade ministers, and major multinational businesses, including a UK delegation, in Beijing to discuss BRI development and co-operation.
These reports are part of CBBC’s ongoing partnership with CAITEC (Chinese Academy of International Trade and Economic Cooperation).
CBBC’s report focuses on the BRI’s three southern economic corridors and the maritime routes and looks in detail at China’s southern provinces, to outline business opportunities for UK business.
CAITEC’s report helps UK businesses better understand China’s BRI aims, objectives and ambitions, and the approach to developing connectivity and participation from all countries along the Belt and Road, and it highlights where they see areas for increased cooperation between China and the UK.
Click images to download
CBBC’s Vice Chair, Sir Tom Troubridge, and CAITEC’s President, Gu Xueming, meet at the Belt and Road Forum in Beijing to further cooperation
Those attending the main session heard a keynote speech from Chinese President Xi Jinping setting out the vision of the Belt and Road Initiative and inviting countries around the world to partner with China in realising the global business and development opportunities offered by this ambitious proposal.
The Forum was also attended by British Chancellor Phillip Hammond whose remarks (see a link to full text below) stressed the UK’s support for the role that the BRI can play in boosting global trade and thereby raising living standards in countries along the routes. He also drew attention to the great complementarity of the UK and China’s economic strengths, particularly around the UK’s Financial & Professional Service industries and its technical and consultancy offering around major infrastructure and masterplanning projects.
In a speech given at a conference on Tuesday in Beijing organised by the Development Research Centre of the State Council, Sir Tom Troubridge said:
- [T]he Belt & Road Initiative has the potential to “change the game” in international trade to the benefit of all parties over the coming decades. We believe it will also be at the forefront of the UK and China’s business-to-business relationship as our trade and investment relationships deepen and expand globally…
- It is [CBBC’s] clear and firm belief that the UK can be China’s best commercial partner in projects along both the land and maritime routes of the Belt and Road…
- We believe the UK’s historic international connections, its world-leading and globally-minded companies, and its deep, warm and ever-developing relationship with China mean we are in a position to make a unique contribution to the success of the Belt and Road Initiative.
MOFCOM Minister Zhong Shan receives a copy of CBBC’s latest report Many senior delegates also received copies at satellite events
H.E. Ambassador Barbara Woodward (third from right) with the UK delegation at the Forum. (First left) Sir Tom Troubridge, Vice Chairman, CBBC (Second left) Peter Burnett, Head Corporate Finance, Greater China & North Asia, Standard Chartered Bank. (Third left) Mark Bowman, Director International and EU, Treasury (Second from right) Alderman Charles Bowman, City of London, (Far right) Peter Budd, Director, Arup.
Read the Chancellor’s speech at this link
Read President Xi’s speech at this link