MNCs eyeing Belt, Road benefits

More international firms looking to team up with Chinese counterparts

Despite doubts among some detractors, two CEOs of Western multinational corporations said they see substantial growth opportunities in China's Belt and Road Initiative, and are actively angling for a piece of the trade initiative in an attempt to win more orders.

MNCs, including leading global mining group Rio Tinto and manufacturing and technology conglomerate Honeywell, have said they are willing to team up with Chinese companies to further expand in Belt and Road markets, contributing their technologies and global footprint in infrastructure-related sectors, including power, oil and gas, chemicals, minerals and building materials.