B&R helps China firms to expand in overseas markets

After years of development, the Belt and Road Initiative is increasingly helping Chinese companies to go global, besides driving regional and global economic growth, said the top executive of Basilinna, a US-based strategic business consulting firm.

Deborah Lehr, CEO and founding partner of Basilinna and vice-chairwoman of The Paulson Institute, a Chicago-based think tank and research institution, said Chinese companies are now ramping up their efforts to expand overseas.

"The Belt and Road Initiative is a brilliant strategic initiative. Already, we are seeing changes taking place as a result of this effort. Countries like Saudi Arabia, the United Arab Emirates and Egypt are adjusting their own domestic strategic plans to reflect the priorities of the initiative, and to attract financing for infrastructure and other projects."