Foreign companies set course for 'journey to the west'
By Zhong Nan | China Daily | Updated: 2015-03-18 07:54
In the second in a series on China's 'new normal' economy, Zhong Nan reports that overseas firms are cashing in on government initiatives.
After 35 years of rapid revenue growth in China, foreign companies are broadening their business networks by expanding in the western part of the country. There, they aim to take advantage of the country's drive to revitalize the ancient Silk Road and upgrade its industrial base.
Many of these opportunities arise from China's initiatives and national strategies such as the Silk Road Economic Belt and the Yangtze River Economic Belt, which are intended to put the nation's economic growth on a firmer footing after two years of slowing expansion.
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