Joint Publication of CBBC & CAITEC Reports for BRI Forum, May 2017
The BRI vision is becoming a reality, and the Belt and Road Forum for International Cooperation in Beijing in May 2017 demonstrated 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), under a recently signed MoU, which includes a number of areas of collaboration and co-operation including regular information exchange, joint research and joint events in the UK and China.
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. It details many sectors (e.g. banking & financial services, legal & professional services, maritime, infrastructure and energy) where UK companies and can be more actively involved in BRI and partnering with Chinese businesses, both in China and in third countries.
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. It sees the China-UK partnership enjoying a solid platform for further BRI co-operation, due to Government-to-Government ties and increased coordination in areas such as the Infrastructure Alliance. It also emphasises the growing depth and breadth of the trade and investment relationship, shared/mutually compatible ambitions, and synergies in China’s needs and UK strengths.
Following the release of the report, CBBC and CAITEC worked on follow-up BRI related activities (events, seminars, B2B roundtables and closed-door stakeholder discussions) in China and with UK and Chinese stakeholders and partners. These events took place in China, the UK and also in some of the third countries to help facilitate further co-operation between the UK, China and other BRI countries.
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These reports were sponsored by Sanpower, ABP, Atkins and supported by CAITEC (Chinese Academy of International Trade and Economic Cooperation)
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