China’s Belt and Road initiative to provide opportunities for EU energy and engineering sectors
The European Union Small and Medium Enterprises Centre (EU SME) has released an article detailing the potential opportunities presented by China’s Belt and Road initiative.
In the article, titled “The Belt and Road Initiatives: Opportunities and Challenges for EU SME’S”, it is stated that in the infrastructure sector, in addition to railways, the focus of investment “will be pipelines, transmission/distribution networks, electricity transmission/distribution networks, production supply chains of units in third countries, water and waste management projects, regional trade and logistics centres and urbanisation projects.”
The energy sector would also see considerable potential for SME’s to avail themselves of China’s need to seek out international support and cooperation in the exploration and supply of oil and gas, coal production, nuclear power, renewable energy projects, and carbon trading platforms.
In addition to this, there will also be many “large-scale infrastructure projects (high-speed rail lines, ports, airports, hydroelectric power plants and high technology industrial parks) that will need top of the line equipment and China will seek it out from suppliers abroad,” the article stated.
Source: Macau Hub