B&R pushes Chinese, global firms to team up

The Belt and Road Initiative has already produced several tangible results, which will continue to boost revenue growth of both Chinese and foreign companies, while improving their ability to execute big-ticket projects, an executive of CITS American Express Global Business Travel said.

"This grand initiative will not only rejuvenate ancient trade routes, but also further open up markets and accelerate economic integration on a transparent, equal and innovative ground," Kevin Tan, vice-president and general manager of the travel firm's China operations, said.

The B&R initiative, proposed by China's leader, envisages infrastructure networks and economic ties connecting China to the rest of Asia and to Europe, Africa and the wider world, Tan said.