B&R is helping China's rise, says PwC

China's Belt and Road Initiative is facilitating the country's geoeconomic rise while reshaping infrastructure investment in the Asia-Pacific economies, which will enable significant regional economic growth, according to a leader from a multinational professional services network.

"We have seen the growing influence of China on the world stage, most notably ... the Belt and Road Initiative that is making tremendous impact across the Asia-Pacific region, which will drive multilateral trade, accelerate infrastructure construction and increase connectivity," Raymund Chao, PwC Asia-Pacific and Greater China chairman, said during the 2017 APEC Economic L eaders' Meeting in Vietnam earlier this month.

"The shift of economic power from the West to the East provides opportunities for the Asian economic giants to boost regional economic growth through accelerated investment in transport and utilities infrastructure across the emerging markets of Asia," he said.