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B&R Initiative strengthens countries' ties with China
From:Belt and Road Portal  |  2017-09-21 17:08

The Belt and Road Initiative has positive credit influence upon not only China and its infrastructure construction-related industries, but also the countries which have a huge financing demand for infrastructure, as well as those countries with China as their main export market, Moody's said recently.

The Belt and Road Initiative covers an increasing area and involves about 68 countries and regions in Asia, Africa, the Middle East, Europe and the Oceania, which accounts for one third of global GDP, two thirds of the global population and one quarter of foreign direct investment in the world.

Moody's statistics shows China's investment in the countries and regions along the Belt and Road routes increased from US$13 billion in 2013 to US$21 billion last year.

The infrastructure construction contracts China has signed with these countries and regions last year were worth US$126 billion, among which half are in the fields of electricity, transport and building construction projects, accounting for about 52 percent of the total value of the contracts in the infrastructure construction field.

Moody's said the Initiative can consolidate China's geopolitical and economic ties with the countries and regions in the fields of trade, capital flows and construction projects, and promote the internationalization of the renminbi through bilateral trade. China's transport machinery manufacturing, transport and electricity equipment, steel and construction material industries can benefit from the increasing investment in the Belt and Road projects.