Siemens swears by local partnerships

Siemens AG plans to open a Belt and Road Initiative office in Beijing this year to further pursue the opportunities the initiative provides.

The company describes the B&R Initiative as "the most important and impactful global infrastructure program with the potential to become the blueprint for a new world trade order".

Not elaborating on the specific responsibility or function the office will take, Siemens said the company would ramp up a company-wide effort to continue teaming up with Chinese EPC partners to jointly explore businesses in countries and regions participating in the initiative.